Farmers National Banc Corp. (the “Company”) is a multi-bank holding company registered
under the Bank Holding Company Act of 1956, as amended. The Company provides full banking
services through its nationally chartered subsidiary, The Farmers National Bank of Canfield
(“Farmers National Bank”). The Company provides trust services through its subsidiary, Farmers
Trust Company, and insurance services through Farmers National Bank’s subsidiary, Farmers
National Insurance. Farmers Trust Company has a state-chartered bank license to conduct trust
business from the Ohio Department of Commerce – Division of Financial Institutions.
The Farmers National Bank, chartered in 1887, is a full-service financial services company
engaged in commercial and retail banking with a total of nineteen (19) retail offices and two
(2) trust offices located in the counties of Mahoning, Columbiana, Trumbull and Stark in the
State of Ohio. In addition, the Farmers National Bank provides 24-hour access to a network
of Automated Teller Machines and offers Internet and telephone banking services. Farmers
National Bank competes with state and national banks, as well as with a large number of other
financial institutions, such as thrifts, insurance companies, consumer finance companies, credit
unions and commercial finance leasing companies for deposits, loans and other financial service
business. The principal methods by which Farmers National Bank competes are loan interest
rates, the rates paid for funds, the fees charged for services and the availability of services.
As a national banking association, Farmers National Bank is a member of the Federal Reserve
System and is subject to the supervision and regulation of the Office of the Comptroller of
the Currency. Deposits are insured by the Federal Deposit Insurance Corporation to the extent
provided by law.