State Bank - M&A Summary and Business Overview

Financial ServicesCompany

State Bank M&A Summary

State Bank has acquired 2 companies, including 2 in the last 5 years.

State Bank’s largest acquisition to date was in 2020, when it acquired Edon Bancorp for $16M. State Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

State Bank Business Overview

Where is State Bank headquartered?

State Bank is headquartered in Defiance, Ohio.

What is State Bank’s revenue?

State Bank disclosed revenue of 57M USD for 2023 and 58M USD for 2022.

How many employees does State Bank have?

State Bank has 245 employees.

What sector is State Bank in?

State Bank is a financial services company.

When was State Bank founded?

State Bank was founded in 1902.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 1

State Bank

SB Financial Group, Inc.

401 Clinton Street, PO Box 467,
Defiance, Ohio 43512
United States,
(419) 783-8950
www.yourstatebank.com

State Bank is a diversified financial services holding company for the State Bank & Trust Company (State Bank) and SBFG Title, LLC dba Peak Title (Peak Title). State Bank provides a full range of financial services for consumers and small businesses, including wealth management, private client services, mortgage banking and commercial and agricultural lending, operating through a total of 20 offices; 19 in nine Ohio counties and one in Fort Wayne, Indiana, and 25 full-service ATMs. State Bank has seven loan production offices located throughout the Tri-State region of Ohio, Indiana and Michigan. Peak Title provides title insurance and opinions throughout the Tri-State region. State Bank was founded in 1983 and is based in Defiance, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 1 - - - - 1 2
vol $16M $5M $21M
Sell (0.0/yr) # - - - - - - 0
  2
+20012-0.50.51.52.50

Most Recent M&A

Company Date Value Type
Marblehead Bancorp. 2025-01-17 5M USD Add-on Acquisition
Marblehead, Massachusetts · www.marblebank.com
Edon Bancorp, Inc. 2020-02-07 16M USD Merger
Edon, Ohio · www.edonstatebank.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (100%) 21M (100%) - -
Total 2 $21M - -

By Geo

State/Country Buy Value Sell Value
United States 2 21M - -
  Ohio 1 16M - -
  Massachusetts 1 5M - -
Total 2 $21M - -

Top M&A Advisors

Legal Deals
Vorys, Sater, Seymour and Pease
1

Deal Values

buy # Total
< $100M 2 $21M
TOTAL $21M
Largest Edon Bancorp, Inc.
$16M (2020-02-07)

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