CANFIELD, Ohio - Farmers National Banc Corp, (OTC BB: FMNB), announced that the Company's Board of Directors has adopted the 2003 Stock Repurchase Program. Under this program, the Company is authorized to repurchase shares of its outstanding common stock in the open market or in privately negotiated transactions. The repurchases under the plan will be made in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended.

Through the Stock Repurchase Program, the Company will repurchase up to 4.9% of its outstanding common stock during the next 12 months. The repurchase plan will begin today and end in March 2004. Mr. Frank L. Paden, President, stated that "the Board's action was based on its conclusion that the ability to repurchase stock under certain appropriate circumstances will help the company enhance the value of its common stock for its shareholders as well as assist management in its ability to strategically manage its capital. Most importantly, the Board of Directors recognizes that the purchase of its own shares represents a very good investment opportunity." The Company intends to immediately implement the program.

Farmers National Bank operates sixteen banking offices throughout Mahoning, Trumbull and Columbiana counties. The bank offers a wide range of banking and investment services to companies and individuals, and maintains a website at www.fnbcanfield.com.