ISS recommends Farmers National shareholders vote for Middlefield merger

Farmers National Banc Corp. (NASDAQ: FMNB) announced that Institutional Shareholder Services has recommended shareholders vote in favor of all proposals at the February 10, 2026 special meeting, including the proposed merger with Middlefield Banc Corp. (NASDAQ: MBCN).

ISS, an independent proxy advisory firm, issued the recommendation ahead of the shareholder vote on the merger that would combine the two Ohio-based banking companies. The voting deadline is February 9, 2026, at 11:59 p.m. ET.

Farmers National Banc Corp., founded in 1887 and headquartered in Canfield, Ohio, operates $5.2 billion in banking assets through 62 locations across Ohio and Pennsylvania. The company's subsidiaries include The Farmers National Bank of Canfield, Farmers Trust Company, and Farmers National Insurance.

Middlefield Banc Corp. serves as the holding company for The Middlefield Banking Company. The merger would combine the two institutions under Farmers National Banc Corp.

The companies filed a joint proxy statement with the Securities and Exchange Commission, which was declared effective on December 15, 2025. The document was distributed to shareholders of both companies seeking approval for the transaction.

Farmers National manages $4.7 billion in total wealth management assets as of December 31, 2025. The company operates trust offices and provides services across the same geographic markets as its banking operations in Ohio and Pennsylvania.

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