CANFIELD Farmers increases earnings
The bank also upgraded its systems to enhance Internet banking products.
CANFIELD -- Farmers National Bank increased its earnings by 9 percent last year to $7.93 million as it continues to improve its facilities and financial services.
"During the course of 2002, we concentrated on some strategic initiatives to build on the long-term value for our company and our shareholders," said Frank Paden, bank president.
Farmers upgraded its systems to enhance its Internet banking products, completed a two-year upgrade on ATM and drive-up services at its Trumbull County branches, expanded its financial services department to offer PrimeVest Financial Services at all 16 branches, and implemented a check imaging processing system.
This year, Farmers intends to introduce a new program to promote its financial services and products and complete an expansion of its headquarters in Canfield.
Paden said Farmers' growth opportunities will come from expanding its market share and offering new products to meet the need of customers.
Farmers, which is 115 years old, is the last commercial banking company based in Mahoning County. It employs 294 at branches in Mahoning, Trumbull and Columbiana counties.