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  6. Civista Bank Acquires VFG

M&A Deal Summary

Civista Bank Acquires VFG

On September 30, 2022, Civista Bank acquired insurance company VFG

Acquisition Highlights
  • This is Civista Bank’s 1st transaction in the Insurance sector.
  • This is Civista Bank’s 2nd transaction in the United States.
  • This is Civista Bank’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-09-30
Target VFG
Sector Insurance
Buyer(s) Civista Bank
Deal Type Add-on Acquisition
Advisor(s) Keefe, Bruyette & Woods (Financial)
Moore & Van Allen (Legal)

Target

VFG

Pittsburgh, Pennsylvania, United States
VFG is a privately held, independent, full-service general equipment leasing & financing company. VFG primarily serves commercial organizations from mom & pop size businesses up to large publicly traded companies. VFG was founded in 1991 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Civista Bank

Sandusky, Ohio, United States
Category Company
Founded 1884
Sector Financial Services
Employees527
Revenue 152M USD (2024)
DESCRIPTION

Civista Bank is a financial services provider operating through its banking subsidiary, The Citizens Banking Company offers a variety of banking services to individuals and businesses. Civista Bank was founded in 1884 and is based in Sandusky, Ohio.

DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 TCNB Financial

Dayton, Ohio, United States

TCNB Financial Corp. is a provider of financial services.

Buy $17M
Mergr

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