CANFIELD - Farmers National Bank is making plans to celebrate 125 years that have taken it from a small rural bank with $170 in deposits on its first day Feb. 19, 1887, to $840.1 million at Dec. 31 and a place on the Nasdaq stock exchange.
The bank, which has more than $1 billion in assets, said it will mark the occasion on Tuesday because branches will be closed Monday for Presidents Day.
Each location will be decorated and offer birthday cake, officials said. Customers also will get commemorative magnets and be entered into a drawing for a $125 gasoline card.
"We appreciate the loyalty that has made Farmers a rock-solid institution for 125 years," President and Chief Executive Officer John S. Gulas said. "(Farmers) has not only survived, we have also implemented a strategic growth plan that has allowed us to increase profitability over the past two years. These are extraordinary times, and the next 125 years promise to be very exciting."