Farmers National Bank
Farmers National Bank is a community bank holding company (NASDAQ: FMNB) operating 83 branches across Ohio and Pennsylvania with $7.4 billion in banking assets, serving retail consumers, small-to-medium businesses, and wealth management clients through consumer banking, commercial lending, trust services, insurance, and treasury management following its March 2026 merger with Middlefield Banc Corp.
- Company typePublic
- Founded1887
- HeadquartersCanfield, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Farmers National Bank does
Farmers National Bank (operating as The Farmers National Bank of Canfield, a subsidiary of publicly traded Farmers National Banc Corp., NASDAQ: FMNB) is a full-service community bank founded in 1887 and headquartered in Canfield, Ohio. Following the March 2026 completion of its merger with Middlefield Banc Corp., the combined entity operates 83 branches across Ohio and Pennsylvania with approximately $7.4 billion in banking assets and over $4.7 billion in wealth management assets under care. The bank serves retail consumers, small-to-medium businesses, high-net-worth individuals, and public/nonprofit organizations through consumer banking (checking, savings, credit cards, mortgages, home equity), business banking (commercial loans, SBA loans, agricultural lending), wealth management (Farmers Trust Company, Farmers National Investments, private banking), insurance (Farmers National Insurance/Bowers Group, Champion Insurance), and retirement plan administration (National Associates).
The bank's core technology stack consists of standard community banking infrastructure with digital channels including mobile banking apps for iOS and Android, comprehensive online banking platforms for consumer and business customers, and the SmartPay treasury management platform. Specialized digital tools include Farmers Card Manager (debit card fraud controls), a Mobile Mortgage App, and business online banking with positive pay controls. The bank integrates with Zelle for peer-to-peer payments, MoneyPass for surcharge-free ATM access at over 37,000 locations, FiNet for merchant services, IntraFi Network for Insured Cash Sweep, Netspend for payroll cards, IBM Trusteer for security, and Elan Financial Services for Mastercard credit card issuance.
Farmers National Bank generates revenue primarily through net interest income (net interest margin of approximately 3.05% as of Q4 2025) from the spread on commercial, mortgage, consumer, and agricultural loans, supplemented by non-interest income from deposit service fees, wealth management and trust fees, insurance commissions, mortgage banking revenue, and treasury management fees. The bank's go-to-market emphasizes local relationship-based banking through physical branches, with 137+ years of community presence serving as a key differentiator against large national banks. The bank has executed an aggressive acquisition strategy completing seven bank acquisitions in the past decade, with the Middlefield merger being the most recent and largest. The bank maintains a 5.19% dividend yield with 33 consecutive years of dividend payments, with reported 2025 revenue of approximately $181.5 million and net income of $54.6 million.
Farmers National Bank firmographics
Firmographics- Name
- Farmers National Bank
- Legal name
- Farmers National Banc Corp.
- Website
- https://farmersbankgroup.com
- Company type
- Public
- Founded year
- 1887
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Farmers National Bank is a community bank holding company (NASDAQ: FMNB) operating 83 branches across Ohio and Pennsylvania with $7.4 billion in banking assets, serving retail consumers, small-to-medium businesses, and wealth management clients through consumer banking, commercial lending, trust services, insurance, and treasury management following its March 2026 merger with Middlefield Banc Corp.
- Ownership category
- akta.pro rank
Farmers National Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Depository Credit Intermediation (5221), Offices of Bank Holding Companies (551111)
- SIC
- State Commercial Banks (6022), National Commercial Banks (6021)
- akta.pro primary industry
- Consumer & Retail (CPG, Food, Apparel) (FSABACAM)
- akta.pro secondary industry
- Agricultural & Rural Development Banks (FSABAKAE)
Keywords
Where Farmers National Bank is headquartered
LocationHeadquarters
- HQ city
- Canfield
- HQ country
- United States
- HQ region
- North America
Offices14 records
Markets served
Farmers National Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Net Interest Income: Primary revenue source from the spread between interest earned on loans (including commercial, mortgage, consumer, and agricultural loans) and interest paid on deposits. The bank operates with a net interest margin of approximately 3.05% as reported in Q4 2025.
- Non-Interest Income: Fees from deposit services, wealth management and trust services, insurance commissions, mortgage banking revenue, and treasury management fees. The bank completed merger expanding wealth management assets under care to over $4.7 billion.
- Dividend Income: The bank maintains a consistent dividend policy with $0.68 annual dividends and has paid consecutive dividends for 33 years, currently yielding approximately 5%.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Statement Savings - Basic savings account with low minimum |
| Subscription | Monthly | Bonus Checking - High-yield checking with requirements |
| Subscription | Monthly | Platinum Checking - Interest-bearing premium account |
| Subscription | Monthly | Money Market Index - Tiered rate savings |
| Subscription | Annual | Certificate of Deposit - Various terms |
| Usage-based | Monthly | Home Equity Line of Credit |
| Unit Pricing | Monthly | Auto Loans |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels6 records
Farmers National Bank product offering
Product offeringCore offering
Farmers National Bank, operating through its holding company Farmers National Banc Corp. (NASDAQ: FMNB), is a full-service community bank offering consumer and commercial banking, mortgage lending, treasury management, wealth management, trust and investment services, and insurance products through 83 branches across Ohio and Pennsylvania. The bank generates the majority of revenue from net interest income on loans and deposits, supplemented by non-interest income from deposit fees, wealth management, mortgage banking, and insurance commissions.
Product overview
Farmers National Bank offers a comprehensive community banking platform organized into five main service areas: Consumer Banking (checking, savings, credit cards, personal loans, mortgages, and home equity products), Business Banking (business checking, savings, loans, and treasury management services), Wealth Management (trust services, private banking, investment services, and insurance through affiliated companies), Retirement Planning (Traditional and Roth IRAs, plus National Associates retirement plan administration), and Digital Banking (online and mobile platforms with specialized apps for consumer, business, and mortgage banking). The core products include multiple checking account tiers (Totally Green, Platinum, Bonus Checking), various savings options including Health Savings Accounts, a full mortgage product suite (fixed/variable rate, construction, VA, affordable housing), comprehensive business lending (commercial real estate, SBA, lines of credit), treasury management services (ACH, wire transfer, positive pay, merchant services), and trust/investment services. All services are delivered through 83 branch locations across Ohio and Pennsylvania following the merger with Middlefield Banc Corp.
Differentiator
Problem solved
Functional benefit
Brands
- Farmers Trust Company: Chartered by the Ohio Division of Financial Institutions, providing investment management, estate settlement, living trusts, and retirement plan services.
- Farmers National Investments
- Farmers National Insurance (Bowers Group)
- Farmers Card Manager
Products and services
- Personal Checking Accounts
Quantifiable outcome
- Net interest margin of 3.05% in Q4 2025
- +2 more outcomes
Companies that use Farmers National Bank
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles5 records
Farmers National Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature4 records
Farmers National Bank partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Middlefield Banc Corp.coreAll-stock merger transaction valued at approximately $299 million, completed in March 2026. Middlefield Banc Corp. merged into Farmers, with Middlefield Bank merging into The Farmers National Bank of Canfield. Combined entity has over $7.4 billion in banking assets and operates 83 branches across Ohio and Pennsylvania.
- Champion InsuranceminorAcquisition of Champion Insurance as part of Farmers National Banc's strategic expansion efforts in 2022.
- Cortland BankcoreAcquisition of Cortland Bank in Ohio valued at $124 million to expand asset base and market share in northeastern Ohio. The merger created a combined entity with approximately $4.1 billion in assets.
- GrowNow OhiominorParticipant in GrowNow Ohio program administered by Ohio Treasurer enabling small business owners to receive reduced interest rates on loans linked to job growth or retention.
- Small Business Administration (SBA)minorSBA preferred lender offering various SBA loan programs to help small business owners start, grow and succeed with reduced down-payment requirements and longer repayment terms.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Farmers National Bank competitors and assessment
Company assessmentRegional players
- Emclaire Financial Corp: Emclaire Financial Corp is a small community bank holding company headquartered in Western Pennsylvania, focused on community banking in the Pennsylvania market. Listed in Farmers' acquisition history, Emclaire is comparable as a smaller regional player in an overlapping geographic area and as a potential M&A target.
Direct peers
- S&T Bancorp: S&T Bancorp is a Pennsylvania-headquartered community bank holding company of comparable size operating across Western Pennsylvania and Ohio, with similar consumer/commercial banking and wealth management offerings. Comparable in scale, geographic focus, and product mix to Farmers National Banc Corp.
- United Bancshares (Ohio): United Bancshares is an Ohio-based community bank holding company of comparable scale operating exclusively in Ohio with similar consumer and small business banking products. Comparable in geographic focus, customer segments, and conservative community banking model.
- F.N.B. Corporation: F.N.B. Corporation is a similarly-sized regional bank holding company headquartered in Pittsburgh, PA, operating across Pennsylvania, Ohio, and surrounding states with a comparable mix of community banking, wealth management, and commercial lending. Directly comparable to Farmers in geographic overlap, business mix, and acquisition-driven growth strategy.
- CNB Financial Corp (CNB Bank): CNB Financial Corp is a Pennsylvania-headquartered community bank holding company of similar size operating across Pennsylvania, Ohio, and New York with comparable consumer, commercial, and wealth management products. Closely comparable in scale, geographic overlap, and community banking business model.
- Park National Corp: Park National Corporation is an Ohio-headquartered community bank holding company of similar size with operations across Ohio and adjacent states, focused on community banking and wealth management. Closely comparable to Farmers in geographic concentration, business model, and acquisition strategy.
- Civista Bancshares: Civista Bancshares is an Ohio-headquartered community bank holding company of similar size serving Ohio, Indiana, and Kentucky with a comparable mix of community banking, commercial lending, and mortgage services. Comparable in scale, geographic focus, and community banking orientation.
Broad incumbents
- KeyCorp: KeyCorp is a major Cleveland-based super-regional bank holding company with significant presence in Ohio, Pennsylvania, and across the Northeast. Substantially larger than Farmers but competing directly in Ohio commercial banking, retail, and wealth management segments. Relevant as a large incumbent competitor in the same geographic footprint.
- Huntington Bancshares: Huntington Bancshares is a large Ohio-headquartered super-regional bank with major presence across Ohio, Pennsylvania, and the Midwest. While significantly larger than Farmers, Huntington competes directly in the same primary markets with overlapping retail and commercial banking products. Comparable as a dominant incumbent competitor in Farmers' core footprint.
- First National Bank of Pennsylvania / FNB Corp: First National Bank of Pennsylvania operates a large retail/commercial banking network across Pennsylvania and Ohio with a broader product set than community banks. Functions as a large incumbent competitor in the Western Pennsylvania and Ohio markets where Farmers now operates post-Middlefield merger.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key highlights7 records
Customer concentration
Farmers National Bank social profiles
Digital presenceFarmers National Bank compliance and trust
Trust signalCompliance4 records
Farmers National Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Farmers National Bank leadership team
Management profileNumber of profiles
Profiles12 records
Farmers National Bank subsidiaries and ownership
Company hierarchySubsidiaries3 records
Farmers National Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Farmers National Bank M&A and investment
M&A and investmentM&A9 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Farmers National Bank
What does Farmers National Bank do?
Farmers National Bank, operating through its holding company Farmers National Banc Corp. (NASDAQ: FMNB), is a full-service community bank offering consumer and commercial banking, mortgage lending, treasury management, wealth management, trust and investment services, and insurance products through 83 branches across Ohio and Pennsylvania. The bank generates the majority of revenue from net interest income on loans and deposits, supplemented by non-interest income from deposit fees, wealth management, mortgage banking, and insurance commissions.
Is Farmers National Bank a public or private company?
Farmers National Bank is a public company. It is classified as public and is currently operating.
When was Farmers National Bank founded?
Farmers National Bank was founded in 1887. It employs 501 to 1,000 people.
Where is Farmers National Bank based?
Farmers National Bank is headquartered in Canfield, United States, in the North America region.
How does Farmers National Bank make money?
Three revenue lines are on record. Net Interest Income is the primary driver. The others are non-Interest Income and dividend Income.
Who are Farmers National Bank's main competitors?
Emclaire Financial Corp is listed as a regional player. Direct peers are S&T Bancorp, United Bancshares (Ohio), F.N.B. Corporation, CNB Financial Corp (CNB Bank), Park National Corp and Civista Bancshares. Broad incumbents are KeyCorp, Huntington Bancshares and First National Bank of Pennsylvania / FNB Corp.
Does Farmers National Bank have an API?
No public API is recorded for Farmers National Bank.
What industry is Farmers National Bank in?
Farmers National Bank's product category is Community Banking. Its primary akta.pro industry code is FSABACAM, Consumer & Retail (CPG, Food, Apparel), with a secondary code of FSABAKAE, Agricultural & Rural Development Banks. Its NAICS code is 5221 and its SIC code is 6022.