Farmers National Banc, based in Canfield, Ohio, has entered into an agreement to acquire Rocky River, based retirement planning consultancy firm National Associates.
The deal is expected to close in the second quarter of 2013 and NAI will retain its corporate name, full staff and current location at Rocky River, Ohio.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Farmers’ president and CEO, John S. Gulas said: "We have plans for a smooth transition, followed by a multi-year growth plan of fee revenues that will complement the synergies of our Wealth Management division."
President of NAI, Gerrit C. Kuechle said by partnering with Farmers, NAI is "able to offer continued stability while introducing additional value-added services to our clientele".
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
