Farmers National Bank of Canfield has announced on Monday, Nov. 1 that its merger with Cortland Bank is now completed.

The merger was announced in June of 2021. Now that the merger is completed, Farmers National Bank will have 49 locations in Ohio and Western Pennsylvania with $4.1 billion in assets. 

"I am excited to close our sixth acquisition in the last six years. Cortland expands our presence within compelling Northeast Ohio markets including Summit and Portage Counties, while increasing our bank assets to over $4.1 billion and our wealth assets to over $3.0 billion making us one of the largest community banks in the state of Ohio," said Farmers President and CEO, Kevin J. Helmick.

"In addition, we look forward to offering our modern and comprehensive financial services to Cortland's customers and growing our local relationship across Cortland's footprint," Helmick added.

Following the merger, Cortland Bank was merged with and into Farmers National Bank, meaning shares of Cortland are no longer traded on The NASDAQ Capital Market.

In addition, Farmers also welcomes two members from Cortland's board of directors to its Board of Directors: Richard Thompson and Neil Kaback, CPA, CGMA.

"Both Richard and Neil bring with them diverse backgrounds from various industries. We look forward to their expertise in helping increase value to our shareholders," Hemick said.