CANFIELD, Ohio--(BUSINESS WIRE)--
On August 29, 2017 the Board of Directors of the Farmers National Banc Corp. (NASDAQ:FMNB) declared a cash dividend of $0.06 per share. The common stock cash dividend will have a record date of September 8, 2017 and is payable to shareholders on September 29, 2017. The 2017 third quarter dividend payment represents a 50% increase over the 2016 third quarter dividend payment.
Kevin Helmick, Chief Executive Officer and President said, “Farmers profitability continues to expand as a result of the successful execution of our growth strategy and controlled spending. The expansion in the third quarter dividend represents the second dividend increase in the past twelve months, and reflects the Board of Directors’ confidence in our business outlook and commitment to returning value to shareholders.”
ABOUT FARMERS NATIONAL BANC CORP.
Founded in 1887, Farmers is a diversified financial services company headquartered in Canfield, Ohio, with over $2 billion in banking assets and over $1 billion in trust assets. Farmers’ wholly-owned subsidiaries are comprised of Farmers National Bank, a full-service national bank engaged in commercial and retail banking with 39 banking locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Wayne, Medina, Holmes and Cuyahoga Counties in Ohio and Beaver County in Pennsylvania, Farmers Trust Company, which operates two trust offices and offers services in the same geographic markets and National Associates, Inc. Farmers National Insurance, LLC, a wholly-owned subsidiary of Farmers National Bank, offers a variety of insurance products.
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