CANFIELD, OHIO, January 3, 2023 – Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), announced today that it completed the merger of Emclaire Financial Corp. (“Emclaire”) (formerly NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”) with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the “Merger”). Following the Merger, Emlenton Bank was merged with and into Farmers National Bank. As a result of the Merger, shares of Emclaire are no longer traded on The NASDAQ Capital Market.
William C. Marsh, President and Chief Executive Officer and Chairman of the Board of Emclaire and Emlenton Bank, has joined Farmers as Senior Vice President, Market President – Pennsylvania.
Farmers, headquartered in Canfield, Ohio, now has over $5.0 billion in banking assets, over $2.9 billion in wealth management assets under care, and operates 65 branches throughout Ohio and Pennsylvania.
In connection with the Merger, Farmers also welcomes a member from Emclaire’s Board of Directors to its Board of Directors, Nicholas D. Varischetti. He will also serve on the Corporate Governance and Nominating Committee and the Compensation Committee of the Board.
Mr. Varischetti is a Partner with Burns White LLC, working out of their Pittsburgh office. He has assisted businesses from a wide range of industries with their litigation, general business, and advisement needs. Mr. Varischetti holds three degrees from the University of Pittsburgh, earning a Juris Doctor in 2011 with a Health Law Certificate, a Master’s in Public Administration from the Graduate School of Public and International Affairs in 2008, and a Bachelor’s Degree in Political Science and Business Management in 2006.