DEFIANCE First Defiance Financial Corp., owner of the First Federal Bank of the Midwest, has received a regulatory approval to purchase Pavilion Bancorp Inc, Adrian.
The federal office of thrift supervision has signed off on the deal, which will involve conversion of Pavilion s Bank of Lenawee to First Federal Bank of the Midwest. The transaction will close March 14 if Pavilion shareholders vote to approve the deal March 11. Pavilion offices are in Lenawee and Hillsdale counties in southeast Michigan.
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