M&A Deal Summary

Richwood Bancshares Acquires Home City Federal Savings Bank

On July 25, 2018, Richwood Bancshares acquired financial services company Home City Federal Savings Bank

Acquisition Highlights
  • This is Richwood Bancshares’ 1st transaction in the Financial Services sector.
  • This is Richwood Bancshares’ 1st transaction in the United States.
  • This is Richwood Bancshares’ 1st transaction in Ohio.

M&A Deal Summary
Date 2018-07-25
Target Home City Federal Savings Bank
Sector Financial Services
Buyer(s) Richwood Bancshares
Deal Type Add-on Acquisition
Advisor(s) Boenning & Scattergood, Inc. (Financial)
Vorys, Sater, Seymour and Pease LLP (Legal)

Target

Home City Federal Savings Bank

Springfield, Ohio, United States
Home City Financial Corp. is a provider of banking and financial services to individual and corporate customers through two full service community banking centers in Springfield, Ohio. Home City's personal banking services include mortgage and consumer loans, online banking, Visa debit card, checking accounts, money market/prime statement savings accounts, certificates of deposit and individual retirement accounts. For corporate customers, Home City provides checking and savings accounts, lines of credit, commercial mortgage loans and SBA loans and merchant and electronic payment solutions.

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Buyer(S) 1

Buyer

Richwood Bancshares

Richwood, Ohio, United States
Category Company
Sector Financial Services
DESCRIPTION

Richwood Bancshares, Inc. is a provider of personal banking, business banking and wealth management, marketing and payroll services to retail and commercial customers. Richwood Bank operates six full-service bank branches in four Ohio counties and has served central Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Mergr

Product

Company

Legal