Nicholas D. Varischetti, a director at Farmers National Banc Corp (NASDAQ:FMNB), purchased 2,000 shares of the bank’s common stock on March 26, 2026, at a price of $12.90 per share. The transaction totaled $25,800 and occurred at a price close to the then-current market quote of $12.88.
Following the trade, Mr. Varischetti holds 1,778 shares in his own name and maintains a substantially larger indirect position of 228,751 shares through the Nicholas D. Varischetti 2011 Irrevocable Trust. The filings disclose both the direct and indirect holdings without further change to the trustee structure or beneficial ownership beyond the reported purchase.
InvestingPro commentary released with the transaction noted that the stock appears inexpensive on a headline earnings multiple, with a price-to-earnings ratio of 8.9, and highlighted a dividend yield of 5.28%. The same source reported that Farmers National Banc has paid dividends for 33 consecutive years.
The insider purchase comes as Farmers National Banc completed its merger with Middlefield Banc Corp. The combination expands the bank’s presence across Northeast, Central and Western Ohio, including the Columbus market.
According to company disclosures, the merged organization now holds more than $7.4 billion in banking assets and in excess of $4.7 billion in wealth management assets. The combined franchise will operate 83 branches across Ohio and Pennsylvania. Shareholder votes from both companies were recorded in favor of the transaction, and the merger received a recommendation from Institutional Shareholder Services (ISS).
In conjunction with these corporate changes, Farmers National Banc announced the appointment of Todd J. Simko as Senior Executive Vice President and Chief Banking Officer. The company’s release notes that Simko has over 25 years of industry experience, citing prior leadership roles at the Federal Home Loan Bank in Pittsburgh, the Department of Treasury, and Main Street Bank. The appointment was presented as a move to bolster the executive team following the integration with Middlefield.
Taken together, the reported director purchase, the valuation metrics cited by InvestingPro, the bank’s long record of dividend distributions, the recently completed merger, and the senior appointment constitute the most recent developments disclosed by Farmers National Banc Corp. The filings and statements contained in these disclosures provide the factual basis for the transaction and corporate changes described here.