| Press Release
Source:
Farmers National Banc Corp.
Frank L. Paden, President
20 South Broad St.
P.O. Box 555
Canfield, OH 44406
Phone: 330-533-3341
Fax: 330-533-0451
Email: exec@fnbcanfield.com
FARMERS NATIONAL BANC CORP. ANNOUNCES STOCK REPURCHASE PROGRAM
CANFIELD, Ohio -- Frank L. Paden, President of Farmers National Banc Corp., (OTC BB: FMNB) Canfield, Ohio, announced that the Company's Board of Directors approved to re-authorize the
Company's Stock Repurchase Program that expired on June 12, 2008. Under the 2008 Stock Repurchase Program, the Company is authorized to repurchase shares of its outstanding common stock in the open market or in privately negotiated transactions. The company shall make such repurchases at times deemed appropriate and during the period of time expiring on June 10, 2009. The amount of stock repurchased during such time shall not exceed 4.9% of the outstanding common stock of the company. The company intends to make all repurchases in compliance with applicable regulatory guidelines and to administer the plan in accordance with applicable securities and other laws, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
Farmers National Bank operates sixteen banking offices throughout Mahoning, Trumbull and Columbiana counties. The bank offers a wide range of banking and investment services to companies and individuals, and maintains a website at www.fnbcanfield.com.
Farmers National Bank is a wholly owned banking affiliate
of Farmers National Bank Corp. ©2000-2004 Farmers National Bank Corp. All
Rights Reserved.
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