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Farmers National in Canfield, Ohio, is getting rid of its chief executive.
October 7 -
Farmers National Banc (FMNB) in Canfield, Ohio, has named Kevin Helmick its permanent president and chief executive officer.
November 7
Farmers National (FMNB) in Canfield, Ohio, has finally reached a separation agreement with a chief executive it ousted six months earlier.
The $1.1 billion-asset company said in a regulatory filing last week that John Gulas also resigned from its board on March 23. Gulas was
Farmers National also said in its filing that it will pay Gulas a $152,000 in severance and $65,000 tied to his unused paid time off. In return, Gulas has a 12-month noncompete restriction, starting with his termination date. He is also barred from soliciting Farmers National's customers for 12 months and employees for 24 months.