Farmers National Bank Announces Appointment of Chief Operating Officer

Rhea-AI Summary

Farmers National Banc Corp (NASDAQ: FMNB) has appointed Michael Matuszak as the new Executive Vice President and Chief Operating Officer. Matuszak brings over 25 years of experience from various sectors including financial services and healthcare. He will focus on enhancing operational strategies to improve efficiency. Kevin Helmick, President and CEO, expressed confidence in Matuszak's ability to drive process improvements. Farmers National, headquartered in Canfield, Ohio, manages $4.1 billion in banking assets and operates numerous banking locations across Ohio and Pennsylvania.

Positive

• Michael Matuszak's extensive experience in operations and cybersecurity could lead to improved efficiencies.
• Matuszak's appointment could strengthen the leadership team and align strategies with stakeholders' needs.

Negative

• Concerns may arise regarding continuity and experience gaps due to Matuszak's transition into a critical role.

CANFIELD, Ohio--(BUSINESS WIRE)-- Farmers National Banc Corp (NASDAQ: FMNB) announced today the hiring of Michael Matuszak as Executive Vice President, Chief Operating Officer.

Michael Matuszak (Photo: Business Wire)

Matuszak, most recently with Wellmark Blue Cross Blue Shield as Vice President, Cloud Services & CISO, has more than 25 years of experience in operations, facilities, cybersecurity and software development throughout the financial services, insurance and healthcare industries. He also holds certifications in Six Sigma and ITIL.

In his role as COO, Matuszak will develop, refine and implement corporate-wide operational strategies and tactics that maximize efficiencies and reporting procedures.

“We are thrilled to welcome Myke into the Farmers Family. With his extensive background and experience, we believe Myke is the perfect choice to execute strategic priorities and drive process improvement for our stakeholders,” states Kevin Helmick, President and CEO of Farmers.

Matuszak is a native of Northeast Ohio and received his bachelor’s and master’s degrees in technical communications from Bowling Green State University.

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 September 30, 2022 were $2.9 billion.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221202005465/en/

Amber Wallace

Executive Vice President, Chief Retail/Marketing Officer

330-720-6441

awallace@farmersbankgroup.com

Source: Farmers National Banc Corp.

FAQ

Who is the new COO of Farmers National Banc Corp?

Michael Matuszak has been appointed as the new Executive Vice President and Chief Operating Officer of Farmers National Banc Corp.

What experience does Michael Matuszak bring to Farmers National Banc Corp?

Matuszak has over 25 years of experience in operations, cybersecurity, and software development in the financial services and healthcare sectors.

What will Michael Matuszak focus on in his role as COO?

He will develop and implement operational strategies to maximize efficiencies and enhance reporting procedures.

When was the new COO appointed at Farmers National Banc Corp?

Michael Matuszak was appointed as COO in December 2022.