Farmers Bank Reclaims Savings and Loan Building
CANFIELD, Ohio -- Farmers National Bank has bought the building at 2 S. Broad Street (corner of Broad and Main streets) currently used as a branch office by First Place Bank, the interim president and CEO of Farmers, Kevin Helmick, announced Thursday
Farmers has a long history with the property, Helmick said. It is reclaiming a building it once owned. In its early years, Farmers National Bank operated in a shared space with sister company Farmers Savings and Loan.
In 1968, Farmers Savings and Loan constructed the building that is now 2 S. Broad Street, operating out of that space until First Federal of Youngstown purchased the building in 1982. First Federal of Youngstown eventually merged with First Federal of Warren to form First Place Bank, the current occupant.
First Place Bank will continue its operations in the space through Dec. 6 and Farmers will assume ownership in January. “Farmers is excited about reclaiming a part of our bank’s history and expanding on the Canfield Green,” Helmick commented.
Published by The Business Journal, Youngstown, Ohio.
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