Sunday, Sep 25, 2016
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Economy

Rurban to acquire 2 branches in Lima

DEFIANCE Rurban Financial Corp., a bank holding company

here, announced yesterday it has a deal to buy two bank

branches in Lima from Liberty Savings Bank.

The transaction, which doesn t require approval by either firm s shareholders and is expected to be finalized within 90 days, will give Rurban nearly $62 million in deposits and $5.4 million in loans.

Rurban did not say whether it would rename the branches under its banking company, State Bank and Trust.

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