Farmers National Banc Corp. Prices Private Placement of $75 Million of Subordinated Notes
Farmers National Banc Corp. (FMNB)
Last farmers national banc corp. earnings: 4/29 08:00 am
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US:NASDAQ Investor Relations:
farmersbankgroup.com/investor-relations
Company Research
Source: Business Wire
CANFIELD, Ohio--(BUSINESS WIRE)--Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB) today announced the pricing of its issuance and sale of $75 million aggregated principal amount of fixed-to-floating rate subordinated notes due 2031 (the “Notes”) in a private placement exempt from the registration requirements under the Securities Act of 1933, as amended. The Notes bear a fixed rate of 3.125% for the first five years and will reset quarterly thereafter to the then current three-month SOFR rate plus 220 basis points. The offering is expected to close on November 17, 2021. The Company intends to use the net proceeds from the offering for general corporate purposes.“We are extremely pleased with the interest that investors have shown in Farmers,” said Kevin J. Helmick, President and CEO of Farmers. “The debt provides us a great deal of flexibility with regard to both corporate and capital strategies as we move forward after the acquisition of Cortland Bancorp.”R
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News
- Farmers National (FMNB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Farmers National Banc Corp. Announces Strong Results for First Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
- Farmers National Banc Corp. Announces Strong Results for First Quarter of 2024Business Wire
- Retail investors account for 56% of Farmers National Banc Corp.'s (NASDAQ:FMNB) ownership, while institutions account for 39% [Yahoo! Finance]Yahoo! Finance
- 6 Reasons to Add Farmers National (FMNB) to Your Portfolio [Yahoo! Finance]Yahoo! Finance
FMNB
Earnings
- 4/24/24 - Beat
FMNB
Sec Filings
- 4/24/24 - Form 8-K
- 4/19/24 - Form 8-K
- 4/19/24 - Form 4
- FMNB's page on the SEC website