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Jun 30, 2020
Farmers National Q2 2020 Earnings Report
Farmers National demonstrated excellent financial performance in Q2 2020, supported small businesses through PPP loans, and planned for future leadership transitions.
Key Takeaways
Farmers National Corporation reported strong financial results for the second quarter of 2020, driven by their focus on community relationships and adaptation to the COVID-19 environment. The bank supported small businesses through PPP loans and strategically planned for future leadership transitions.
Farmers National Bank experienced strong financial results in Q2 2020.
The bank focused on supporting small businesses through the Payment Protection Program (PPP), funding 1,738 loans for over $201 million.
Farmers National Bank successfully transitioned customers to digital channels, with mobile banking users and transactions increasing 18% year-over-year.
The company is planning for the future through strategic leadership transitions within its executive team.