Farmers National Banc Corp. ("Farmers" or the "Company") (NASDAQ:FMNB), the holding company for The Farmers National Bank of Canfield ("Farmers National Bank"), announced today that it completed the merger of Cortland Bancorp ("Cortland") (NASDAQ:CLDB), the holding company for The Cortland Savings and Banking Company ("Cortland Bank"), with and into FMNB Merger Subsidiary IV, LLC, a newly-formed, wholly-owned subsidiary of Farmers (the "Merger"). Following the Merger, Cortland Bank was merged with and into Farmers National Bank. As a result of the Merger, shares of Cortland are no longer traded on The NASDAQ Capital Market. This press release features multimedia. View the full release here:

CORTLAND, Ohio, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ:CLDB) ("Cortland") would like to thank its shareholders for their support of the proposed merger with Farmers National Banc Corp. ("Farmers") and reminds those shareholders that have not yet voted to vote without delay "FOR" the merger and the other proposals in Cortland's proxy statement for the special meeting of shareholders to be held on October 26, 2021 at 11:00 a.m., local time, at Squaw Creek Country Club, 761 Youngstown Kingsville Road S., Vienna, Ohio 44473. Cortland also reminds shareholders of the election deadline of 5:00 p.m., Eastern Standard Time, October 25, 2021 (the "Election Deadline") for shareh

Farmers National Banc Corp. ("Farmers") (NASDAQ:FMNB), the holding company for The Farmers National Bank of Canfield, and Cortland Bancorp ("Cortland") (NASDAQ:CLDB), the holding company for The Cortland Savings and Banking Company, today announced an election deadline of 5:00 p.m., Eastern Standard Time, October 25, 2021 (the "Election Deadline") for shareholders of Cortland to elect the form of consideration they wish to receive for their shares of Cortland common stock in connection with the proposed merger of Cortland with and into FMNB Merger Subsidiary IV, LLC, a newly-formed, wholly-owned subsidiary of Farmers ("Merger Sub"), pursuant to the Agreement and Plan of Merger, dated as of

Net income improves 3% for the quarter; up 44% through six months Announced merger with Farmers National Banc Corp expected to close in fourth quarter 2021 CORTLAND, Ohio, July 27, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ:CLDB) announced its second quarter 2021 financial results. Net income for the three months ending June 30, 2021 was $2.0 million, or $0.48 per share, which was 3% higher than the income level of $1.9 million, or $0.47 per share, for the first quarter of 2020. First quarter 2021 net income was $2.8 million, or $0.66 per share. The Company realized a return on average assets ratio of .99% and 1.18% respectively, for the three- month and six-month periods e

CORTLAND, Ohio, July 21, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ:CLDB), the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors approved a quarterly cash dividend of $0.15 per share. The dividend will be payable on September 1, 2021, to shareholders of record as of the close of business on August 9, 2021. "In response to our continued solid earnings performance, we are pleased to be able to continue the quarterly cash dividend," said James Gasior, President and Chief Executive Officer. "Cash dividends, along with our share price appreciation, provide an attractive return to our shareholders." At the recent stock price of $26.80 p

CANFIELD, Ohio and CORTLAND, Ohio, June 23, 2021 (GLOBE NEWSWIRE) -- Farmers National Banc Corp. ("Farmers") (NASDAQ:FMNB), the holding company for The Farmers National Bank of Canfield ("Farmers National Bank"), and Cortland Bancorp Inc.  ("Cortland") (NASDAQ:CLDB), the holding company for The Cortland Savings and Banking Company, jointly announced today they have entered into an agreement and plan of merger (the "Agreement"). Pursuant to the Agreement, each shareholder of Cortland may elect to receive either $28.00 per share in cash or 1.75 shares of Farmers' common stock, subject to an overall limitation of 75% of the shares being exchanged for Farmers shares and 25% for cash. Based on

CORTLAND, Ohio, May 27, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp. (NASDAQ:CLDB), the bank holding company of The Cortland Savings and Banking Company, today announced that, for the third straight year, it was again named to American Banker magazine's Top 200 Publicly Traded Community Banks and Thrifts. In its May 2021 issue, American Banker ranked Cortland Bancorp 86th on the list of top performing publicly traded community banks. This continues the Bank's upward growth trajectory after ranking as #105 on last year's list and #134 in 2019. The rankings are based on three-year average return on equity (ROE) as of the end of the previous year. "It is always a great honor to be recognized b

Net income more than doubles year over year with continued progress projected Board authorizes $0.15 per share dividend, a 7% increase over prior quarterly dividend CORTLAND, Ohio, April 27, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ:CLDB) announced its first quarter 2021 financial results.  Net income for the three months ending March 31, 2021 was $2.8 million, or $0.66 per share, which was twice the income level of $1.4 million, or $0.32 per share, for the first quarter of 2020 and equal to the $2.8 million, or $0.67 per share, for the fourth quarter of 2020. The return on average assets ratio was 1.38% for the Company for this first quarter, while the return on average equity

CORTLAND, Ohio, April 21, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ:CLDB), the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors approved a quarterly cash dividend of $0.15 per share. The dividend will be payable on June 1, 2021, to shareholders of record as of the close of business on May 17, 2021. "In response to our continued solid earnings performance, we are pleased to be able increase the quarterly cash dividend by 7%," said James Gasior, President and Chief Executive Officer. "Cash dividends, along with our share price appreciation, provide an attractive return to our shareholders." At the recent stock price of $22.62 per

Net income improves 47% on quarter basis and 13% year over year, despite COVID-19 challenges Board authorizes $0.14 per share dividend, plus $0.05 special dividend, and new share repurchase program CORTLAND, Ohio, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ: CLDB) announced its fourth quarter 2020 financial results. Net income for the three months ending December 31, 2020 was $2.8 million, or $0.67 per share, versus $1.9 million, or $0.44 per share, for the fourth quarter of 2019 and $2.2 million or $0.51 per share for the third quarter of 2020. The return on average assets ratio was 1.40% for the Company for this fourth quarter, while the return