ARCHBOLD, Ohio - Farmers & Merchants Bancorp Inc. has completed its acquisition of Knisely Bank, which was merged with Farmers & Merchants State Bank, a wholly-owned subsidiary.
Based in Butler, Ind., Knisely Bank had balance sheet assets of approximately $46.7 million. When it closed on Dec. 31, the transaction was valued at $10.4 million and gave Farmers & Merchants total assets in excess of $790 million, the company reported.
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