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Benzinga
Benzinga
Business
Lekha Gupta

Farmers National Banc Grows Branch Network With $299M Middlefield Deal

M&A Businessman Handshake

Middlefield Banc Corp. (NASDAQ:MBCN) shares are trading higher on Wednesday after the company penned an all-stock merger agreement with Farmers National Banc Corp. (NASDAQ:FMNB) valued at $299 million.

Shareholders of Middlefield will receive 2.6 shares of Farmers’ common stock for each share of Middlefield common stock they own.

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