farmers natl banc corp (FMNB) Key Developments
Farmers National Bank Announces Executive Changes
Jul 15 15
Farmers National Bank announced that Mark R. Witmer has been named Senior Executive Vice President, Chief Banking Officer and James (Jay) R. VanSickle has been named Senior Vice President, Chief Risk Officer. In addition, the company also announced the internal promotion of Joseph A. Gerzina to Senior Vice President, Chief Lending Officer, Regional President. Mark R. Witmer served as President and Chief Executive Officer of National Bancshares and First National Bank for the past three years. He has over 25 years of expertise in community banking, credit evaluation and agribusiness. James (Jay) R. VanSickle has over 20 years of experience as a financial executive and most recently served in a leadership role as the Chief Financial Officer for First National Bank of Orrville. In his new position as Chief Risk Officer at Farmers, VanSickle will be responsible for designing processes, policies and procedures to identify and manage threats to the overall operation of the Bank. He will also oversee and manage all compliance functions to ensure risk and compliance programs are in place.
Farmers National Bank Announces the Promotion of Tim Shaffer to Senior Vice President, Regional President
Jul 15 15
Farmers National Bank announced the promotion of Tim Shaffer to Senior Vice President, Regional President. Shaffer, who joined Farmers in 2011, is a banking veteran with 30 years of experience. In his prior position, as the Mahoning Valley commercial lending leader, Shaffer was responsible for profitable growth of the Bank’s loan portfolio. With this new promotion, he will provide leadership and create a vision for Lending, Treasury Management and Private Client Services for the entire East region.
Farmers National Banc Corp. Announces Directorate Appointments
Jul 6 15
Effective July 1, 2015, the board of directors of Farmers National Banc Corp. appointed James R. Smail and Howard J. Wenger to the board of directors of the company. Messrs. Smail and Wenger each formerly served as directors of National Bancshares Corporation (NBOH), which merged with and into the company on June 19, 2015 pursuant to a merger agreement between the company and NBOH. The appointment of Messrs. Smail and Wenger was a term and condition of the Merger Agreement. The fees payable to Messrs. Smail and Wenger for their service as directors from July 1, 2015 through December 31, 2015 shall be $17,500 each, as one-half of the company's annual retainer for its directors, $5,000 with respect to Mr. Smail's appointment as vice chair of the board of directors, and $5,000 with respect to Mr. Smail's appointment as chair of the newly-formed executive committee of the board of directors. For calendar year 2016, they each shall be eligible to receive the annual director retainer of $35,000, and Mr. Smail will be eligible to receive fees of $10,000 as vice chair of the board of directors and $10,000 as chair of the executive committee. Any loans and loan commitments involving the new directors or their associates were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and do not involve more than the normal risk of collectability or present other unfavorable features.
Farmers National Banc Corp., Tri-State 1st Banc, Inc. - M&A Call
Jun 24 15
To consider agreement and plan of merger between Farmers National Banc Corp and Tri-State First Banc, Inc.
Farmers National Banc Corp. Declares Cash Dividend, Payable on June 30, 2015
May 26 15
The Board of Directors of the Farmers National Banc Corp. declared a cash dividend of $0.03 per share. The common stock cash dividend will have a record date of June 12, 2015 and is payable to shareholders on June 30, 2015.