Thursday, Aug 25, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Local

First Defiance to buy Delphos bank firm

DEFIANCE - First Defiance Financial Corp. announced yesterday it has an agreement to buy ComBanc Inc. and its Commercial Bank subsidiary, both of Delphos.

The transaction is valued at $38 million, the acquirer said. ComBanc shareholders can select cash of $17.20 a share or equivalent shares of First Defiance, subject to some conditions, the buyer said.

Combanc has $209 million in assets, $175 million in deposits, $120 million in loans, and eight bank branches in Delphos, Lima, Elida, and Allen County. First Defiance, which owns First Federal Bank of the Midwest, expects the deal to be finalized early next year.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…