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Farmers National Bank Adds to Exec Team as Longtime CFO Culp Retires

June 22, 2021, 07:11 AM

Farmers National Banc Corp announced changes in its Accounting and Finance Executive Group. The changes were prompted by Carl D. Culp’s decision to retire as Farmers National Bank Chief Financial Officer and Senior Executive Vice President, effective Aug. 15. The decision ends Culp’s highly successful 36-year career in accounting and the financial services industry, with 32 years dedicated to Farmers National Bank, including the last 25 years as Farmers’ CFO and Senior EVP. Culp agreed to provide advisory services to ensure a seamless transition to his successor.

“First and foremost, the Board of Directors thank Carl for his years of loyal service. It is difficult for me to express the countless contributions Carl has made over the course of his career to both the stability and extraordinary growth trajectory of our financial institution,” said Kevin Helmick, President and CEO of Farmers. “Carl exemplifies Farmers’ culture and has consistently led by example with his stalwart integrity and character.”

Farmers has named Troy Adair as Executive Vice President of Finance. Adair, most recently with Premier Bank as Senior Vice President, Treasurer and Assistant Secretary, has an MBA in Finance and Accounting and has 33 years of experience in banking. Upon Culp’s departure, Adair will assume the CFO role.

Additionally, Farmers has promoted Joseph Sabat, CPA to Vice President, Chief Accounting Officer, effective immediately. Sabat, who has been with Farmers since 2006, currently holds the role of Vice President and Controller at Farmers and brings 25 years of experience in the accounting, finance and auditing fields.

In making these announcements, Helmick noted, “The appointments of Adair and Sabat to these key roles reflect Farmers’ pursuit of high performance and exceptional results for our stakeholders.”

Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, OH, with $3.3 billion in banking assets.

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