EX-99.1 3 l01095aexv99w1.txt EX-99.1 PRESS RELEASE Exhibit 99.1 Press Release Friday, May 16, 2003 FOR IMMEDIATE RELEASE CONTACT: FARMERS NATIONAL BANC CORP. FRANK L. PADEN, PRESIDENT CANFIELD, OH 44406 330-533-3341 FAX 330-533-0451 EMAIL: EXEC@FNBCANFIELD.COM FARMERS NATIONAL BANC CORP. DECLARES SECOND QUARTER CASH DIVIDEND 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 $.15 per share on its common stock, payable on June 30, 2003, to shareholders of record on June 13, 2003. This cash dividend represents a 7.1% increase to $.15 per share from $.14 per share paid in June 2002. The Corporation recently reported first quarter's earnings of $2.21 million or $.18 per share, compared to first quarter 2002 of $1.60 million or $.13 per share. 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, and maintains a website at www.fnbcanfield.com.