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Farmers National Banc Corp. Announces Holding Company Leadership Change
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Farmers National Banc Corp. (NASDAQ: FMNB) has appointed Terry A. Moore as the new Chairman of the Board, effective September 1, 2022. Moore, who joined the board in April 2014, has extensive experience in corporate governance and law, serving as Managing Director at a Canton-based law firm from 2001-2018. He also serves on several committees within the organization. Farmers National Banc, headquartered in Canfield, Ohio, boasts $4.1 billion in banking assets and operates numerous banking locations across multiple counties.
Positive
Terry A. Moore brings extensive governance and corporate law experience, potentially enhancing leadership.
Moore's long-term involvement since 2014 indicates continuity in board leadership.
Negative
Transition in leadership may raise concerns about continuity in strategic direction.
CANFIELD, Ohio--(BUSINESS WIRE)--
Farmers National Banc Corp. (NASDAQ: FMNB) (“Farmers”) has announced that Terry A. Moore has assumed the role of Chairman of the Board, effective September 1, 2022.
Terry A. Moore. (Photo: Business Wire)
Mr. Moore also serves on the Compensation Committee and Corporate Governance & Nominating Committee and will Chair the Executive Committee for Farmers National Banc Corp.
Mr. Moore joined the Farmers National Banc Corp Board of Directors in April 2014. He attended Youngstown State University, where he was an All American athlete and co-captain on the basketball team. Mr. Moore then earned his Juris Doctorate from the University of Cincinnati and served as the Managing Director of the Canton-based law firm of Krugliak, Wilkins, Griffiths & Dougherty Co., L.P.A. from 2001-2018.
Kevin J. Helmick, Farmers National Bank President & CEO stated, “The skills and qualifications Terry developed through his corporate law and governance experiences will allow him to provide extensive leadership as the Chairman of the Board of Directors.”
In addition to serving on Farmers’ board, Moore is on the Board of Trustees for The Cleveland Clinic Mercy Medical Center and has chaired and continues to serve on the hospital’s Development Foundation. Moore also serves as trustee for the Hoover Foundation.
ABOUT FARMERS NATIONAL BANC CORP.
Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $4.1 billion in banking assets. Farmers National Banc Corp.’s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 46 banking locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Portage, Wayne, Medina, Geauga and Cuyahoga counties in Ohio and Beaver County in Pennsylvania; Farmers Trust Company, which operates five trust offices and offers services in the same geographic markets and Farmers National Insurance, LLC. Total wealth management assets under care at June 30, 2022 were $2.9 billion.
