Business Acquisitions: On January 27, 2015, the Company announced that it had entered into an Agreement and Plan of Merger (the  Merger Agreement ) with National Bancshares Corporation ( National Bancshares ), the parent company of First National Bank of Orrville ( First National Bank ), pursuant to which National Bancshares will merge with and into the Company (the  Merger ). Promptly following consummation of the Merger, it is expected that First National Bank will merge with and into the Bank. At the completion of the Merger, First National Bank of Orrville branches will become branches of Farmers National Bank of Canfield. Pursuant to the Agreement, each shareholder of National Bancshares will be entitled to elect to receive either $32.15 per share in cash or 4.034 shares of Farmers  common stock, subject to an overall limitation of 80% of the shares of National Bancshares being exchanged for stock and 20% for cash. Based on Farmers  volume weighted average stock price over the last 20 trading days of $7.97, as of January 26, 2015, the transaction is valued at approximately $74.0 million. The merger is expected to qualify as a tax-free reorganization for those shareholders electing to receive Farmers  stock. The transaction is subject to receipt of National Bancshares  shareholder approval, Farmers  shareholder approval and customary regulatory approvals. The Company expects the transaction to close in the first half of 2015. On July 1, 2013, the Company completed the acquisition of all outstanding stock of the retirement planning consultancy National Associates, Inc. ( NAI ) of Rocky River, Ohio. The transaction involved both cash and stock totaling $4.4 million, including up to $1.5 million of future cash payments contingent upon NAI meeting income performance targets based on growth in EBITDA. The measurement period is defined, in essence, as  the twelve month period ending on the second anniversary of the closing date.  Based upon the closing date of July 1, 2013, the payment is due within five business d