Farmers National Banc Corp. and Middlefield Banc Corp. jointly announced the signing of a definitive merger agreement on October 21, 2025. Under the terms of the agreement, Middlefield will merge with and into Farmers in an all-stock transaction.
The deal is valued at $299.0 million, representing a significant expansion for Farmers National Banc. Middlefield Banc Corp. brings approximately $2.0 billion in assets and $1.6 billion in deposits to the combined entity.
The merger is expected to close in the first quarter of 2026, pending regulatory approvals and shareholder consent. This acquisition is anticipated to enhance Farmers National Banc's market footprint and strengthen its position as a diversified financial services company.
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