Farmers National Bank to acquire Cortland Bank in $124 million deal
The two Northeast Ohio community banks combined will have an estimated $4.1 billion in assets and 48 branches. The deal, slated to close in the fourth quarter, gives Farmers deeper penetration of some key markets, including Cuyahoga County. It will also mark Farmers'' brick-and-mortar expansion into Portage and Summit counties.
Farmers National Bank to acquire Cortland Bank in $124 million deal
The two Northeast Ohio community banks combined will have an estimated $4.1 billion in assets and 48 branches. The deal, slated to close in the fourth quarter, gives Farmers deeper penetration of some key markets, including Cuyahoga County. It will also mark Farmers'' brick-and-mortar expansion into Portage and Summit counties.