8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): September 24, 2010

Farmers National Banc Corp.
__________________________________________
(Exact name of registrant as specified in its charter)

Ohio	0-12055	34-1371693
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
20 South Broad Street, P.O. Box 555, Canfield, Ohio		44406-0555
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 330-533-3341

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 20, 2010, the Board of Directors (the "Board") of Farmers National Banc Corp. (the "Company") approved the appointment of Lance J. Ciroli as a member of the Board as a Class II director, effective October 1, 2010. Mr. Ciroli was also appointed a director on the Company’s wholly owned entity, Farmers National Bank of Canfield, effective as of October 1, 2010. Mr. Ciroli fills the vacancy on the Board created by the recent retirement of Mr. James R. Fischer.

Concurrent with his appointment as a director, Mr. Ciroli was appointed to the Board’s Loan Committee, Audit Committee and Compensation Committee. In connection with his services as a director, Mr. Ciroli will be entitled to the customary compensation arrangements for the Company’s non-employee directors; a monthly retainer in the amount of $1,000 and $500 for each of the committee meetings attended.

There are no arrangements or understandings between Mr. Ciroli and any other person pursuant to which M r. Ciroli was appointed to serve on the Board. Mr. Ciroli has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

On September 24, 2010, the Company issued a press release announcing Mr. Ciroli’s election. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Press Release issued September 24, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Farmers National Banc Corp.
September 24, 2010	By:	John S. Gulas
		Name: John S. Gulas
		Title: President and CEO

Exhibit Index

Exhibit No.	Description
99.1	Press Release issued September 24, 2010

EX-99.1

FOR IMMEDIATE RELEASE

Contact: Amber Wallace
Senior Vice President, Marketing
330-702-8427 Office
330-720-6441 Mobile
     

FARMERS NATIONAL BANC CORP. ANNOUNCES
APPOINTMENT OF NEW BOARD MEMBER

Canfield, September 24, 2010 - Farmers National Banc Corp. (OTCBB: FMNB), holding company for the Farmers National Bank of Canfield, is pleased to announce today that the Company’s Board of Directors approved the appointment of Lance J. Ciroli as an independent Non-Executive Director for Farmers National Banc Corp. and Farmers National Bank of Canfield effective October 1, 2010. Mr. Ciroli fills the vacancy on the Board created by the recent retirement of Mr. James R. Fisher.

Mr. Ciroli is a co-founder of NBE Bank Consulting Services and has served as a bank consultant for the past two years. Prior to that, he was employed with the Office of the Comptroller of the Currency (OCC) U.S. Treasury Department for 33 years. He most recently served as the Assistant Deputy Comptroller in the Cleveland/Detroit Field Office from 1990 until his retirement in 2008. The OCC is the regulator for Farmers National Bank of Canfield. During his tenure as Assistant Deputy Comptroller he worked closely with the Board and Management of the Bank. He is intimately familiar with our organization. For all nationally chartered community banks in northern and eastern Ohio as well as southern Michigan, he was the face of the OCC. Mr. Ciroli has also worked with the OCC in Indianapolis, Cincinnati, Columbus and Oklahoma City.

“Lance is widely respected and experienced in the community banking profession. He brings a great deal of knowledge and business expertise to our Company. Through his experience, he has seen best practices from a number of banking institutions and we look forward to his observations and assistance here” said Ronald V. Wertz, Lead Independent Director & Chairman of the Corporate Governance and Nominating Committee. “We feel very fortunate to have attracted a new board member of this caliber who possesses a variety of skill sets that will immediately contribute to our Company’s success. Through the nominating process, our committee identified several exceptionally qualified candidates that demonstrate exemplary attributes through their values, principles, and understanding of Farmers’ culture,” stated Wertz.

A graduate of Kent State University with a Bachelor of Science degree in Business Administration, Mr. Ciroli actively participates in all the bank trade group functions, conducting educational and training seminars for directors and bankers. A resident of Solon, Ohio, Mr. Ciroli is married to the former Elisabeth F. Urmann and they have one son, who currently is employed with the Federal Reserve Bank of Cleveland.

Farmers National Bank is the Mahoning Valley’s leading community bank, with over $1 Billion in assets. With 17 locations and two Trust offices located throughout Trumbull, Mahoning and Columbiana counties, Farmers offers a full array of financial services to include Farmers National Investments, Farmers Trust Company and Farmers National Insurance.

Founded in 1887, Farmers has been community-minded and committed to the Valley for over 122 years. Throughout the recent financial crisis, Farmers has shown great strength by continuing rock-solid business and lending practices that help the individuals and businesses in our communities thrive and survive.

For years to come, Farmers National Bank will continue to strive for innovative solutions for our customers, associates, shareholders and the community.

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