M&A Deal Summary

First Financial Bank Acquires Commercial Bancshares

On October 12, 2017, First Financial Bank acquired financial services company Commercial Bancshares from Premier Financial for 59M USD

Acquisition Highlights
  • This is First Financial Bank’s 10th transaction in the Financial Services sector.
  • This is First Financial Bank’s largest (disclosed) transaction.
  • This is First Financial Bank’s 10th transaction in the United States.
  • This is First Financial Bank’s 1st transaction in Ohio.

M&A Deal Summary
Date 2017-10-12
Target Commercial Bancshares
Sector Financial Services
Buyer(s) First Financial Bank
Sellers(s) Premier Financial
Deal Type Divestiture
Deal Value 59M USD

Target

Commercial Bancshares

Upper Sandusky, Ohio, United States
website
Commercial Bancshares, Inc. is a bank holding company for Commercial Savings Bank and Commercial Financial and Insurance Agency, LTD. Commercial Saving Bank operates 7 full service branches and a loan production office in Worthington, Ohio.

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Buyer(S) 1

Buyer

First Financial Bank

Abilene, Texas, United States

website

Category Company
Founded 1890
Sector Financial Services
Employees1,400
Revenue 520M USD (2022)
DESCRIPTION

First Financial Bank is a provider of financial services. First Financial Bank was incorporated in 1890 and is based in Abilene, Texas.

DEAL STATS #
Overall 10 of 11
Sector (Financial Services) 10 of 11
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 10 of 11
Year (2017) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-08 4Trust Mortgage

Fort Worth, Texas, United States

4Trust Mortgage, Inc. is a residential mortgage loan origination company that has been serving customers in the Dallas/Ft.

Buy $2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 The Bank & Trust of Bryan/College Station

Bryan, Texas, United States

The Bank & Trust of Bryan/College Station offers a variety of checking account options to best suit financial needs.

Buy -

Seller(S) 1

SELLER

Premier Financial

Defiance, Ohio, United States

website

Category Company
Founded 1995
Sector Financial Services
Employees1,081
Revenue 305M USD (2022)
DESCRIPTION

Premier Financial is a holding company for First Federal Bank of the Midwest and First Insurance Group. First Federal Bank operates 34 full-service branches and numerous ATM locations in northwest Ohio, southeast Michigan and northeast Indiana and a loan production office in Columbus, Ohio. First Insurance Group is a full-service insurance agency with six offices throughout northwest Ohio. Premier Financial was founded in 1995 and is based in Defiance, Ohio.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 2
State (Ohio) 1 of 2
Country (United States) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-23 Commercial Bancshares

Upper Sandusky, Ohio, United States

Commercial Bancshares, Inc. is a bank holding company for Commercial Savings Bank and Commercial Financial and Insurance Agency, LTD. Commercial Saving Bank operates 7 full service branches and a loan production office in Worthington, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-09 United Community Financial

Youngstown, Ohio, United States

United Community Financial is a provider of financial services. United Community Financial was founded in 1889 and is based in Youngstown, Ohio.

Buy $473M
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