FARMERS NATIONAL BANC CORP /OH/

Farmers National Banc Corp. Farmers National Banc Corp. (the Company, Farmers, we, our or us ), is a financial holding company that was organized as a one-bank holding company in 1983 under the laws of the State of Ohio and registered under the Bank Holding Company Act of 1956, as amended (the BHCA ). Amendments to the BHCA in 1999 allowed for a bank holding company to declare itself a financial holding company and thereby engage in financial activities, including securities underwriting and dealing, insurance agency and underwriting activities, and merchant banking activities. The Company made the declaration to become a financial holding company in 2016. For a bank holding company to be eligible to declare itself a financial holding company, all of the depository institution subsidiaries must be well-capitalized and well-managed and have satisfactory or better ratings under the Community Reinvestment Act of 1977 (the "CRA"). The Company operates principally through its wholly-owned subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank ) and Farmers Trust Company ( Farmers Trust ). A third subsidiary, Farmers National Captive, Inc. ( Captive ), was dissolved in November of 2023. Farmers National Insurance, LLC ( Farmers Insurance ) and Farmers of Canfield Investment Co. ( Investments" or Farmers Investments ) are wholly-owned subsidiaries of the Bank. The Company and its subsidiaries operate in the domestic banking, trust, retirement consulting, insurance and financial management industries.