Farmers National Banc Corp. operates as the bank holding company for The Farmers National Bank of Canfield (the bank), Farmers Trust Company, and National Associates, Inc. The company and its subsidiaries operate in the domestic banking, trust, retirement consulting, insurance and financial management industries. Farmers National Insurance, LLC is a wholly-owned subsidiary of the bank. The bank The bank is a full-service national banking association engaged in commercial and retail banking in Mahoning, Trumbull, Columbiana and Stark counties in Ohio. The bank’s commercial and retail banking services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, home equity loans, home equity lines of credit, night depository, safe deposit boxes, money orders, bank checks, automated teller machines, Internet banking, travel cards, E Bond transactions, MasterCard and Visa credit cards, brokerage services and other miscellaneous services normally offered by commercial banks. Farmers Trust Company Farmers Trust Company offers a full complement of personal and corporate trust services in the areas of estate settlement, trust administration and employee benefit plans. Farmers Trust Company operates two offices located in Boardman and Howland, Ohio. Farmers National Insurance, LLC Farmers National Insurance, LLC offers various insurance products through licensed representatives. Loan Portfolio As of December 31, 2013, the company’s loan portfolio included commercial real estate loans, commercial loans, residential real estate loans, and consumer loans. Investment Portfolio As of December 31, 2013, the company’s investment portfolio included U.S. treasury securities; U.S. government sponsored enterprise debt securities; mortgage-backed securities—residential and collateralized mortgage obligations; Small Business Administration; obligations of states and political subdivisons; equity securities; and corporate bonds. Deposits The company’s deposit base consists of demand deposits, savings and money market accounts, and other time deposits. Supervision and Regulation As a bank holding company, the company is subject to regulation under the Bank Holding Company Act of 1956, as amended and to inspection, examination and supervision by the Board of Governors of the Federal Reserve System (the Federal Reserve Board). The bank is subject to regulation and examination primarily by the Office of the Comptroller of the Currency (the OCC) and secondarily by the Federal Deposit Insurance Corporation (the FDIC). As a national banking association, the bank is subject to regulation under the National Banking Act. The bank is also subject to certain restrictions imposed by the Federal Reserve Act and Federal Reserve Board regulations regarding such matters as the maintenance of reserves against deposits, extensions of credit to Farmers or any of its subsidiaries, investments in the stock or other securities of Farmers or its subsidiaries and the taking of such stock or securities as collateral for loans to any borrower. The company’s non-banking subsidiaries are also subject to regulation by the Federal Reserve Board and other applicable federal and state agencies. In particular, Farmers National Insurance LLC is subject to regulation by the Ohio Department of Insurance. The company is subject to disclosure and regulatory requirements of the Securities Act of 1933, as amended (the Securities Act), and the Exchange Act, and the regulations promulgated there under. The company is subject to the rules for NASDAQ listed companies. The company monitors all relevant sections of the Dodd-Frank Act to ensure continued compliance with these regulatory requirements. The bank is a member of the Federal Home Loan Bank of Cincinnati. The bank’s deposits are insured up to applicable limits by the Deposit Insurance Fund of the FDIC and subject to deposit insurance assessments to maintain the Deposit Insurance Fund. History Farmers National Banc Corp. was founded in 1887.
farmers natl banc corp (FMNB:NASDAQ CM)
20 South Broad Street
PO Box 555
Canfield, OH 44406
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