CANFIELD – Farmers National Bank, the holding company for Farmers National Bank of Canfield, announced this week that it has completed its merger with Emclair Financial Corp., the holding company for Farmers National Bank of Emlinton, in the V along with a subsidiary. fusion. . FMNB, LLC, a wholly owned subsidiary of Farmers Corporation. After the merger, Emlenton Bank merged with Farmers National Bank. After the merger, Emclaire shares are no longer traded on the NASDAQ capital market.
“I'm excited to complete our seventh acquisition in the last seven years and get into Pennsylvania markets, which has been a long-term strategy for Farmers. We are also pleased to bring our robust Wealth Management and Mortgage Services to Emlenton. On behalf of everyone in the Company, we are pleased to welcome Emclaire's customers, employees, and shareholders to Farmers National Banc Corp. Kevin J. said : Helmik, President and CEO of Farmers.
Emplayer and Emlinton, CEO and Chairman, William C. Marsh joined Farmers as Senior Vice President, and President of the Pennsylvania Market.
Headquartered in Canfield, Farmers now has more than $5 billion in banking assets, more than $2.9 billion in wealth management assets, and operates 65 offices in Ohio and Pennsylvania.
As part of the merger, Farmers also welcomed Emclair board member Nicholas D. Varichity. He will also serve on the Corporate Governance and Nomination Committee and the Compensation Committee of the Board.
Varischetti is a partner in Burns White LLC, operating from the Pittsburgh office. He has assisted companies in a variety of industries with their litigation, general business, and advisory needs. Varichetti holds three degrees from the University of Pittsburgh, a Doctor of Public Health in 2011, a Master of Public Administration from the Graduate School of Public and International Affairs in 2008, and a bachelor's degree in political science. Business Administration in 2006
Varischetti is also a partner in Varischetti Holdings, LP and a founding partner of Allegheny Strategy Partners. In addition, he is a member of Varischetti Sports, LLC, which has a minority stake in the Pittsburgh Steelers.
Varischetti is active in the community as a board member of the Frank Varischetti Foundation, the Manchester Bidwell Foundation and the University of La Roche Board of Trustees. He previously served on the board of directors for the Pittsburgh Urban Magnet Program (PUMP) and was a board member and president of Every Child Inc. and the Pittsburgh Intergovernmental Partnership Authority (ICA). Mr. Varichetti has also worked with the Pittsburgh ATHENA Awards Committee and the Jack Haynes Society of the Pittsburgh Symphony Orchestra.
“With his diverse background and industry experience, we believe Nick will be a great asset to our shareholders ,” Helmick said.