Benzinga | Oct 21, 2021 12:10PM EDT

Cortland Bancorp Reminds Shareholders Of Voting, Election Deadlines For Merger With Farmers National Banc Corp.

Cortland Bancorp (NASDAQ:CLDB) ("Cortland") would like to thank its shareholders for their support of the proposed merger with Farmers National Banc Corp. ("Farmers") and reminds those shareholders that have not yet voted to vote without delay "FOR" the merger and the other proposals in Cortland's proxy statement for the special meeting of shareholders to be held on October 26, 2021 at 11:00 a.m., local time, at Squaw Creek Country Club, 761 Youngstown Kingsville Road S., Vienna, Ohio 44473.



Cortland also reminds shareholders of the election deadline of 5:00 p.m., Eastern Standard Time, October 25, 2021 (the "Election Deadline") for shareholders of Cortland to elect the form of consideration they wish to receive for their shares of Cortland common stock in connection with the proposed merger of Cortland with and into FMNB Merger Subsidiary IV, LLC, a newly-formed, wholly-owned subsidiary of Farmers ("Merger Sub"), pursuant to the Agreement and Plan of Merger, dated as of June 22, 2021, by and among Farmers, Merger Sub and Cortland (the "Merger"). The Election Deadline may be extended, in which case Farmers and Cortland will issue a press release announcing the new election deadline.

"We are pleased to announce that the leading independent proxy advisory firms, Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), recommend that Cortland shareholders support the recommendation of our Board and vote in favor of the merger with Farmers," said James M. Gasior, President and CEO. ISS and Glass Lewis are widely recognized as the leading independent voting and corporate governance advisory firms. ISS and Glass Lewis analyses and recommendations are relied on by many major institutional investment firms, mutual funds and fiduciaries throughout North America.

Remember, Your Vote Is Important, No Matter How Many or How Few Shares You Own.

HOW TO VOTE

A special meeting of the shareholders of Cortland is being held on October 26, 2021 for purposes of considering and voting on a proposal to approve the Merger Agreement. Shareholders of Cortland with questions regarding the special meeting may contact Advantage Proxy, Cortland's proxy solicitor, by calling toll-free at 1-877-870-8565, or for banks and brokers, at 1-206-870-8565 or by email to ksmith@advantageproxy.com.

HOW TO COMPLETE ELECTION

Shareholders of Cortland with questions regarding the election procedures, who want up-to-date information on the Election Deadline, or who wish to obtain copies of the election materials, may contact Georgeson LLC, the Information Agent, at 866-431-2096.

The Merger remains subject to the approval by the shareholders of Cortland at Cortland's special meeting of the shareholders and the satisfaction or waiver of the remaining closing conditions set forth in the Merger Agreement.

ABOUT FARMERS NATIONAL BANC CORP.

Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with over $3.3 billion in banking assets. Farmers National Banc Corp.'s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 41 locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Wayne, Medina, Geauga and Cuyahoga Counties in Ohio and Beaver County in Pennsylvania; Farmers Trust Company, which operates five trust offices and offers services in the same geographic markets and Farmers National Insurance, LLC. Total wealth management assets under care at June 30, 2021 were $3.1 billion. For additional information about Farmers visit www.farmersbankgroup.com.