CANFIELD, Ohio – Farmers National Banc Corp, (OTC BB: FMNB), the parent of Farmers National Bank, announced today that the Corporation’s Board of Directors has declared a second quarter cash dividend of $.16 per share on its common stock, payable on June 30, 2004, to shareholders of record on June 11, 2004. This cash dividend represents a 6.7% increase to $.16 per share from $.15 per share paid in June 2003.

Frank L. Paden, President of Farmers National Banc Corp. also announced that the Company’s Board of Directors has adopted the 2004 Stock Repurchase Program. Under the 2004 Stock Repurchase Program, the Company is authorized to repurchase shares of its outstanding common stock in the open market or in privately negotiated transactions. Through the Stock Repurchase Program, the Company can repurchase up to 4.9% of its outstanding common stock during the next 12 months. This program replaces the 2003 Stock Repurchase Program.

Farmers National Bank operates sixteen banking offices and ATMs throughout Mahoning, Trumbull and Columbiana counties. The bank offers a wide range of banking and investment services to companies and individuals.