News at The Farmers National Bank of Emlenton

Farmers Donates to Keystone Elk Country Alliance...

Posted on Mon, Apr, 11, 2016 @ 11:04 AM

Keystone_Alliance_EITC.jpgThe Farmers National Bank of Emlenton recently donated $3,000 to Keystone Elk Country Alliance as part of the Pennsylvania Educational Improvement Tax Credit (EITC) program.

The Keystone Elk Country Alliance is committed to conserving and enhancing Pennsylvania’s elk country population, while providing an educational experience for sightseers who tour the Elk Country Visitor Center.

Accepting the donation on behalf of Keystone Elk Country Alliance was Carla Wehler, Operations Manager. Representing The Farmers National Bank of Emlenton was Heather Serafini, Assistant Vice President and Branch Manager of the St. Marys Office.

The Farmers National Bank of Emlenton is dedicated to making yearly contributions to educational improvement and scholarship organizations within the communities it serves through the EITC program.

The Farmers National Bank of Emlenton is an independent, nationally chartered, FDIC-insured community commercial bank headquartered in Emlenton, Pennsylvania, operating fifteen full-service offices in Venango, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson, and Mercer Counties, Pennsylvania.  The Bank is a wholly owned subsidiary of Emclaire Financial Corp (NASDAQ: “EMCF”).

For more information about The Farmers National Bank, please visit the website at www.farmersnb.com or call 877-862-9270.

Topics: farmers national bank of emlenton, Local Donations, Farmers National Bank, Donation, Press Release 2016

Farmers Donates to Brookville Area Raider Scholastic Foundation...

Posted on Mon, Apr, 11, 2016 @ 09:04 AM

The Farmers National Bank of Emlenton recently donated $6,000 to the Brookville Area Raider Scholastic Foundation as part of the Pennsylvania Educational Improvement Tax Credit Brookville_Raider_EITC.jpg(EITC) program.

These funds will be used to support innovative programs and high-quality learning opportunities for students from kindergarten to high school in the Brookville Area School District.

Accepting the donation on behalf of the Brookville Area Raider Scholastic Foundation were Clarinda Darr, Bonnie Confer, Ellen Neyman (Brookville Area School District Business Manager), and Robin Fillman (Brookville Area School District Superintendent). Representing The Farmers National Bank of Emlenton was Stephanie Burford, Branch Manager of the Brookville Office.

The Farmers National Bank of Emlenton is dedicated to making yearly contributions to educational improvement and scholarship organizations within the communities it serves through the EITC program.

The Farmers National Bank of Emlenton is an independent, nationally chartered, FDIC-insured community commercial bank headquartered in Emlenton, Pennsylvania, operating fifteen full-service offices in Venango, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson, and Mercer Counties, Pennsylvania.  The Bank is a wholly owned subsidiary of Emclaire Financial Corp (NASDAQ: “EMCF”).

For more information about The Farmers National Bank, please visit the website at www.farmersnb.com or call 877-862-9270.

Topics: Local Donations, Brookville, Donation, Press Release 2016, EITC

Farmers Donates $7,500 to Keystone School District Education Foundation...

Posted on Mon, Apr, 11, 2016 @ 08:04 AM

KSDEF_EITC_2016.jpgThe Farmers National Bank of Emlenton recently donated $7,500 to the Keystone School District Education Foundation as part of the Pennsylvania Educational Improvement Tax Credit (EITC) program.

The Keystone School District Education Foundation supports innovative educational programs and technical initiatives for its students.  The Keystone School District will be hosting a S.T.E.M. Camp this June for area students. A portion of these EITC funds will enable area students to participate in learning activities designed to increase their knowledge and skills in the areas of Science, Technology, Engineering and Mathematics.  

Accepting the donation on behalf of the Keystone School District Education Foundation were John Mason, President of the Foundation, and Shawn Algoe, Superintendent of Keystone School District. Representing The Farmers National Bank of Emlenton was Kelli Hilinski, Branch Manager of the Knox Office.

The Farmers National Bank of Emlenton is dedicated to making yearly contributions to educational improvement and scholarship organizations within the communities it serves through the EITC program.

The Farmers National Bank of Emlenton is an independent, nationally chartered, FDIC-insured community commercial bank headquartered in Emlenton, Pennsylvania, operating fifteen full-service offices in Venango, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson, and Mercer Counties, Pennsylvania.  The Bank is a wholly owned subsidiary of Emclaire Financial Corp (NASDAQ: “EMCF”).

For more information about The Farmers National Bank, please visit the website at www.farmersnb.com or call 877-862-9270.

Topics: Local Donations, Donation, Press Release 2016, Keystone School District

Farmers Donates $3,000 to Grove City YMCA...

Posted on Tue, Apr, 05, 2016 @ 16:04 PM

The Farmers National Bank of Emlenton recently donated $3,000 to the Grove City YMCA as part of the Pennsylvania Educational Improvement Tax Credit (EITC) program.

The Grove City YMCA supports Grove City with a mission to foster strong individuals, families, and communities with Christian values by providing quality programs that strengthen Spirit, Mind and Body for all.   Funds from this EITC contribution will be used to assGrove_City_EITC.jpgist with pre-school programs at the YMCA.

Accepting the donation on behalf of the Grove City YMCA was Adam Cook, CEO. Representing The Farmers National Bank of Emlenton was Darian Murray, Branch Manager of the Grove City Office.

The Farmers National Bank of Emlenton is dedicated to making yearly contributions to educational improvement and scholarship organizations within the communities it serves through the EITC program.

The Farmers National Bank of Emlenton is an independent, nationally chartered, FDIC-insured community commercial bank headquartered in Emlenton, Pennsylvania, operating fifteen full-service offices in Venango, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson, and Mercer Counties, Pennsylvania.  The Bank is a wholly owned subsidiary of Emclaire Financial Corp (NASDAQ: “EMCF”).

For more information about The Farmers National Bank, please visit the website at www.farmersnb.com or call 877-862-9270.

Farmers Employees Donate to Rebecca M. Arthurs Memorial Library...

Posted on Thu, Mar, 31, 2016 @ 15:03 PM

The employees of The Farmers National Bank of Emlenton recently donated $300 to the Rebecca M. Arthurs Memorial Library, located in Brookvillle, PA. Employees of the Bank raised money for this donation through their Community Jeans Day program.

Accepting the donation on behalf of the Rebecca M. Arthurs Memorial Library was Rosalee Pituch, Library Director. Representing The Farmers National Bank of Emlenton was Stephanie Burford, Branch Manager of the Brookville Office.Brookville_Library_Donation_JEans_Day.jpg

Community Jeans Day is an employee program that spans bank-wide and benefits local organizations within the Bank footprint. Employees of the Bank are encouraged to donate each month and in return, are permitted to wear jeans on Fridays. All money raised goes back into the community through gifting to local, non-profit organizations. 

The Rebecca M. Arthurs Memorial Library offers patrons access to over 38,000 books, movies, computer services and programs for all ages. For more information, please visit www.rmalib.org.

The Farmers National Bank of Emlenton is an independent, nationally chartered, FDIC-insured community commercial bank headquartered in Emlenton, Pennsylvania, operating fifteen full-service offices in Venango, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson, and Mercer Counties, Pennsylvania.  The Bank is a wholly owned subsidiary of Emclaire Financial Corp (NASDAQ: “EMCF”). For more information about Farmers National Bank, please visit the website at www.farmersnb.com or call 877-862-9270.

Farmers Introduces Mobile Deposit Feature...

Posted on Tue, Mar, 01, 2016 @ 11:03 AM

Mobile Deposit with FarmersEmlenton, Pennsylvania, March 1, 2016The Farmers National Bank of Emlenton announced today the launch of their new Mobile Deposit capabilities for Apple® and Android devices.  The new feature, available through the current Mobile App, will allow customers to take a photo of a paper check and securely deposit it directly into an eligible Farmers National Bank of Emlenton account.

“Offering a Mobile Deposit feature is in line with our continued commitment to providing customers with secure, convenient and enhanced banking access. We are pleased to add this feature to our current selection of online and mobile banking services”, said William C. Marsh, Chairman of the Board, President and Chief Executive Officer of Farmers National Bank.

The Farmers National Bank of Emlenton is an independent, nationally chartered, FDIC-insured community commercial bank headquartered in Emlenton, Pennsylvania, operating fifteen full-service offices in Venango, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson, and Mercer Counties, Pennsylvania.  The Bank is a wholly owned subsidiary of Emclaire Financial Corp (NASDAQ: “EMCF”).  

For more information about The Farmers National Bank, please visit the website at www.farmersnb.com or call 877-862-9270.

Topics: Emclaire Financial Corp, farmers national bank of emlenton, Farmers National Bank Website, Promotions, Emlenton, www.farmersnb.com, Farmers National Bank, William C. Marsh, Farmers National Bank Management, Press Release 2016

Farmers Donates to United Way of Venango County...

Posted on Thu, Jan, 28, 2016 @ 11:01 AM

Farmers and United Way

The Farmers National Bank of Emlenton recently donated $5,332 to the United Way of Venango County in support of their annual fundraising campaign for 2016. 

Annually, the employees of The Farmers National Bank of Emlenton have the opportunity to contribute toward the campaign through payroll deduction.  Since the start of the program in 2010, employees have contributed over $26,000 to the United Way.  These employee elections have been distributed to the local United Way offices in the following areas:  Butler, Venango, Clarion, Grove City, DuBois, Titusville, St. Marys and Brookville.  The Bank’s pledge to match all employee donations is directed to the United Way of Venango County, home of the Bank’s headquarters. 

Accepting the donation on behalf of the United Way of Venango County was Jane Klinger, Executive Director.  Representing The Farmers National Bank of Emlenton were Shelly Hartle, Branch Manager of the Seneca office and Rick Grejda, Assistant Vice President, Commercial Loan Officer.

The United Way assists individuals and families by providing educational opportunities, financial stability and promoting healthy lives within the community.  For more information on how to donate or volunteer, please visit www.unitedwayofvenangocounty.org or call 814.676.6545. 

The Farmers National Bank of Emlenton is an independent, nationally chartered, FDIC-insured community commercial bank headquartered in Emlenton, Pennsylvania, operating fifteen full-service offices in Venango, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson, and Mercer Counties, Pennsylvania.  The Bank is a wholly owned subsidiary of Emclaire Financial Corp (NASDAQ: “EMCF”).

For more information about The Farmers National Bank, please visit the website at www.farmersnb.com or call 877-862-9270.

Topics: Community Involvement, Farmers National Bank Employees, Emclaire Financial Corp, farmers national bank of emlenton, Emlenton, www.farmersnb.com, Farmers National Bank, Announcements, Farmers National Bank Management, Donation, Press Release 2016

Farmers Announces Pittsburgh Market Expansion with Aspinwall Office...

Posted on Tue, Jan, 12, 2016 @ 13:01 PM

The Farmers National Bank of Emlenton announced that the opening of a full service branch banking office in Aspinwall, Allegheny County, Pennsylvania is planned for later this year.

The Bank recently received regulatory approval from the Office of the Comptroller of the Currency to open a branch office at 319 Freeport Road in the Pittsburgh suburb of Aspinwall.

This new office will complement the Bank’s acquisition of United American Savings Bank located on the South Side of Pittsburgh that was announced late last year.  The completion of the United American purchase is contingent upon approvals from both Farmers National Bank and United American banking regulators and United American shareholders.  This transaction is expected to be consummated during the second quarter of 2016.  Farmers National Bank expects to open the Aspinwall banking office during the third quarter 2016.

William C. Marsh, Chairman of the Board, President and Chief Executive Officer, of Farmers National Bank, and its parent holding company, Emclaire Financial Corp (Nasdaq: EMCF), noted, “We are excited by the prospect of better penetrating the Pittsburgh market through our purchase of United American Savings Bank and the opening of a new office in Aspinwall.  This expansion supports our strategy to profitably grow our banking franchise in contiguous markets and leverage our brand of hands on community banking.”

With the opening of the Aspinwall office and completion of the United American transaction, Emclaire Financial Corp, with nearly $600 million in assets, will enter the desirable Allegheny County banking market.  The Bank will expand from 15 offices in eight counties to 17 offices in nine western Pennsylvania counties. 

The Farmers National Bank of Emlenton is an independent, nationally chartered, FDIC-insured community commercial bank headquartered in Emlenton, Pennsylvania, operating fifteen full-service offices in Venango, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson and Mercer Counties, Pennsylvania. The Bank is a wholly owned subsidiary of Emclaire Financial Corp (NASDAQ: “EMCF”). For more information about The Farmers National Bank, please visit the website at www.farmersnb.com or call 877-862-9270.

Topics: Farmers National Bank Employees, Emclaire Financial Corp, farmers national bank of emlenton, Farmers National Bank Website, www.farmersnb.com, Farmers National Bank, William C. Marsh, Farmers National Bank Management, Pittsburgh, Farmers National Wealth Management, Press Release 2016, Aspinwall

Emclaire Announces Agreement to Acquire United-American Savings Bank

Posted on Wed, Dec, 30, 2015 @ 15:12 PM

Emclaire Financial Corp (NASDAQ: EMCF) (Emclaire), the parent holding company of The Farmers National Bank of Emlenton (Farmers National), and United-American Savings Bank (OTCBB: UASB) (United-American) jointly announced today that they have entered into an Agreement and Plan of Merger providing for the acquisition of United-American by Emclaire.  

Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of both institutions, United-American, will ultimately merge into Farmers National and shareholders of United-American will receive $42.67 in cash for each share of common stock of United-American upon completion of the merger or approximately $14.1 million in the aggregate.   

William C. Marsh, Chairman, President and Chief Executive Officer of Emclaire and Farmers National, stated, “This transaction expands our existing presence in the Pittsburgh market, broadens our franchise, strengthens our market position and builds on our strategy to develop business in the desirable Pittsburgh metropolitan area.  United-American is a well-established institution with a good franchise, attractive balance sheet and a strong customer service culture. We believe we can provide their customers with a broader array of banking services, including expanded commercial and mortgage lending capabilities.” 

The transaction is expected to be immediately accretive to Emclaire’s earnings for the remainder of 2016 following the merger, excluding one-time charges, and 29% accretive to earnings in 2017 and higher in future years.  The merger is subject to the approval of the appropriate banking regulatory authorities and an affirmative vote of the shareholders of United-American. It is expected that the transaction should be completed late in the second or early in the third quarter of 2016. All of the directors and executive officers of United-American have entered into voting agreements with Emclaire pursuant to which they have agreed to vote their shares in favor of the merger.

Tom Smith, President and Chief Executive Officer of United-American, said, “We are thrilled to be joining with Emclaire and Farmers National, which is a premier regional banking franchise. We are excited about the new products and services that will be available to our customers and the community we serve.”  

At September 30, 2015, Emclaire had consolidated assets of approximately $582.4 million, deposits of $505.2 million, net loans of $406.0 million and shareholders' equity of $53.4 million.  At September 30, 2015, United-American had assets of approximately $90.8 million, deposits of $74.5 million, net loans of $65.4 million and shareholders' equity of $7.9 million. 

When the transaction is consummated, the combination of the two banking companies will create a bank with approximately $673 million in total assets providing banking services through 16 branch locations in Western Pennsylvania. The transaction will expand Emclaire's franchise into Pittsburgh. 

Silver, Freedman, Taff & Tiernan LLP, Washington, DC acted as legal counsel to Emclaire in the transaction.  Jones Walker LLP, Washington, DC acted as legal counsel and Raymond James & Associates, Inc. acted as financial advisor to United-American. 

About Emclaire Financial Corp 

Emclaire Financial Corp is the parent company of The Farmers National Bank of Emlenton, an independent, nationally chartered, FDIC-insured community bank headquartered in Emlenton, Pennsylvania, operating 15 full service offices in Venango, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson and Mercer counties, Pennsylvania.  Emclaire’s common stock is quoted on and traded through the NASDAQ Capital Market under the symbol “EMCF”.  For more information, visit Emclaire’s website at “www.emclairefinancial.com”. 

About United-American Savings Bank  

United-American Savings Bank conducts a traditional community bank operation, offering retail banking services, one- to four-family mortgage loans, multi-family, commercial and other real estate mortgage loans, construction loans, automobile loans, second mortgage loans and other consumer loans. United-American operates from its main office in Southside Pittsburgh, Pennsylvania.  United-American maintains a website at www.uasb.com and its deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC). United-American’s common stock is traded on the OTC Bulletin Board under the symbol “UASB.”  

Forward-looking Statements: 

This release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements do not relate strictly to historical or current facts. Forward-looking statements reflect management’s current views and estimates of future economic circumstances, industry conditions, company performance and financial results. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors - many of which are beyond our control - could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements regarding the transaction are based upon currently available information. 

Actual results could differ materially from those indicated in forward-looking statements. Among other factors, actual results may differ from those described in forward-looking statements due to: the possibility that the proposed transaction does not close when expected or at all because required regulatory, shareholder or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all; the terms of the proposed transaction may need to be modified to obtain such approvals or satisfy such conditions; the anticipated benefits from the proposed transaction are not realized in the time frame anticipated or at all as a result of changes in general economic and market conditions, interest rates, laws and regulations and their enforcement, and the degree of competition in our markets; the ability to promptly and effectively integrate the businesses of the companies; the reaction of the companies' customers to the transaction; diversion of management time on merger-related issues; changes in asset quality and credit risk; the inability to sustain revenue and earnings; and competitive conditions. 

Emclaire’s Annual Report on Form 10-K and other reports filed with the SEC describe some additional factors which could cause actual conditions, events or results to differ significantly from those described in forward-looking statements. 

Forward-looking statements speak only as of the date they are made.  Copies of Emclaire’s reports filed with the SEC are available in the Financial Information section of Emclaire’s website, www.emclairefinancial.com.  We do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made or to reflect the occurrence of unanticipated events.

Topics: Emclaire Financial Corp, farmers national bank of emlenton, Farmers National Bank Website, Press Releases 2015, www.farmersnb.com, Farmers National Bank, Announcements, William C. Marsh, Farmers National Bank Management, Pittsburgh

Millin Promoted to Senior Vice President at Farmers...

Posted on Wed, Dec, 16, 2015 @ 15:12 PM

The Farmers National Bank of Emlenton recently announced that Jerome F. Millin has been promoted to Senior Vice President, Chief Technology Officer.

In this position, Mr. Millin will be responsible for enhancing the technology platform of the organization, managing cyber security strategies and overseeing the functions of the information technology department. Since joining the Bank in May 2012, he has made significant technological advancements for the organization resulting in improvements with security monitoring, internal efficiencies and consumer services.

Mr. Millin is a Microsoft Certified Systems Engineer (MCSE), obtained his Certified Community Bank Security Professional Certification (CCBSP) through the Pennsylvania Association of Community Bankers and holds a Bachelors of Science in Economics from The Pennsylvania State University.  He resides in Venus, Pennsylvania.

Topics: Farmers National Bank Employees, farmers national bank of emlenton, Farmers National Bank Website, Press Releases 2015, Promotions, Emlenton, www.farmersnb.com, Farmers National Bank, Farmers National Bank Management, Venango County