CANFIELD, Ohio--(BUSINESS WIRE)--On February 28, 2017, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.05 per share, a 25% increase from the 2016 first quarter payment. The common stock cash dividend will have a record date of March 10, 2017, and is payable to shareholders on March 31, 2017.
Kevin J. Helmick, President and CEO, stated, “It is my pleasure to announce the Board of Directors has approved a 25% increase to the company’s quarterly dividend. This is the second increase to Farmers’ dividend in two years reflecting the company’s strong financial results, the successful integrations of three acquisitions and the Board’s desire to return capital to our shareholders.”
Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $1.9 billion in banking assets and $1 billion in trust assets. Farmers National Banc Corp.’s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 38 banking locations in Mahoning, Trumbull, Columbiana, Stark, Wayne, Medina and Cuyahoga Counties in Ohio and Beaver County in Pennsylvania, Farmers Trust Company, which operates three trust offices and offers services in the same geographic markets and National Associates, Inc.. Farmers National Insurance, LLC and Bowers Insurance Agency, Inc., wholly-owned subsidiaries of The Farmers National Bank of Canfield, offer a variety of insurance products.