Farmers Bank honored with Community Bankers Cup
CANFIELD–Raymond James, one of America’s top financial services institutions, selected Farmers National Banc Corp. of Canfield, Ohio, the parent company of Farmers National Bank, to receive its coveted 2017 Raymond James Community Bankers Cup.
The Bankers Cup is an extremely competitive award. In making its determination, Raymond James scrutinized every exchange-traded bank in America with assets between $500 million and $10 billion. Of the 272 banks nationwide that qualified, only 28 demonstrated the superior financial performance and stability to be named Bankers Cup winners.
The Raymond James Community Bankers Cup awards are an annual event now in its sixth year. This is the first year Farmers National Banc Corp. has won.
“The Bankers Cup is the perfect finishing touch on Farmers’ best year ever,” says Farmers president and CEO Kevin J. Helmick. “In 2017, our bank broke several long-standing company records, including those for annual income, profitability and growth. Our Farmers team continues to redefine what excellence in community banking is all about.”
This achievement has extra meaning given its circumstances. In their awards announcement, Raymond James notes that 2017 was a particularly challenging year for community banks, with most performing worse than 2016. Yet Farmers and its fellow awarded banks dramatically out-performed NASDAQ’s Bank Index.