Item 5.07 Submission of Matters to Vote of Security Holders

On October 26, 2021, Cortland Bancorp ("Cortland") held the Special Meeting of Shareholders. In conjunction with the Special Meeting, shareholders were asked to vote on three proposals, the voting results of each of which is provided below. Each proposal submitted to shareholders was approved by the shareholders entitled to vote at the Special Meeting. Prior to the Special Meeting, Cortland delivered a definitive proxy statement/prospectus (the "Proxy Statement") to its shareholders describing the Special Meeting, each of the proposals to the proposed merger of Cortland and Farmers National Banc Corp. ("Farmers") and related information. The Proxy Statement was filed with the U.S. Securities and Exchange Commission on September 23, 2021.

As of the close of business on September 22, 2021, the record date for the Special Meeting, there were 4,256,187 of Cortland's common shares outstanding and entitled to vote. 2,905,713 of Cortland's common shares were represented at the Special Meeting by proxy or by attending the Special Meeting, representing approximately 68% of Cortland's common shares outstanding as of the record date and entitled to vote at the Special Meeting, which constituted a quorum to conduct business at the Special Meeting. The following are the final voting results on the proposals, each of which is more fully described in the Proxy Statement.

Proposal 1: To consider and vote on a proposal to approve the Agreement and Plan of Merger, dated as of June 22, 2021 (the "merger agreement"), among Cortland and Farmers.





Votes For   Votes Against   Abstentions   Broker Non-Votes
2,782,131      119,616         3,967             0

Proposal 2: To vote on an advisory (non-binding) proposal to approve the compensation that may become paid or payable to the named executive officers of Cortland that is based on or otherwise relates to the merger.





Votes For   Votes Against   Abstentions   Broker Non-Votes
2,374,809      432,169        98,735             0

Proposal 3: To adjourn Cortland's Special Meeting, if necessary or appropriate, to solicit additional proxies in favor of approval of the merger agreement.





Votes For   Votes Against   Abstentions   Broker Non-Votes
2,744,963      144,092        16,659             0

With respect to Proposal 3, although Proposal 3 would have received sufficient votes to be approved, no motion was made because the adjournment of the Special Meeting was determined not to be necessary or appropriate.

Subject to the satisfaction or waiver of all of the conditions to the closing of the merger in the merger agreement, the merger is expected to be completed on November 1, 2021.

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