Printer Friendly

-Farmers National Banc Corporation completes rights offering.

Global Banking News-January 28, 2011--Farmers National Banc Corporation completes rights offering(C)2011 ENPublishing -

Global Banking News - 28 January 2011

Farmers National Banc Corporation (OTCBB: FMNB), the Canfield, Ohio-based holding company for The Farmers National Bank, has said that 2,058,315 common shares have been subscribed for in its rights offering, and that all basic subscription rights and oversubscription privileges have been accepted.

In line with the subscriptions received in the rights offering and commitments for 2,053,136 shares by standby investors, Farmers will issue 4,111,451 common shares at a price of USD3.00 per share, with gross proceeds of nearly USD12.3m.

Farmers is now offering 888,549 common shares to the public, which will be offered and sold through Sandler O'Neill + Partners, LP at the subscription price of USD3.00 per share.

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -

COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Date:Jan 28, 2011
Previous Article:-LNB Bancorp reports fiscal results.
Next Article:-Sandy Spring Bancorp reports fiscal results.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters