(WKBN) - Farmers National Banc Corp. and Middlefield Banc Corp. announced a merger agreement to create a banking franchise with over $7 billion in total assets.

The merger was announced Wednesday in a joint news release.

Middlefield Banc Corp. is headquartered in Middlefield, Ohio, and operates 21 full-service banking centers.

According to the news release, Middlefield will merge into Farmers in an all-stock transaction, which was unanimously approved by the boards of directors of both companies. The Middlefield Bank branches will become branches of Farmers National Bank. The transaction is subject to shareholder approvals and customary regulatory approvals and is expected to close by the end of the first quarter of 2026.

As part of the agreement, each share of Middlefield common stock

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