M&A Deal Summary

Acquires Commercial Bancshares

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

Acquisition Highlights
  • This is transaction in the Financial Services sector.
  • This is largest (disclosed) transaction.
  • This is transaction in the United States.
  • This is transaction in Ohio.

M&A Deal Summary

Date 2017-10-12
Target Commercial Bancshares
Sector Financial Services
Sellers(s) Premier Financial
Deal Type Divestiture
Deal Value 59M USD

Target

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.

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Seller(S) 1

SELLER

Premier Financial

Defiance, Ohio, United States

Category Company
Founded 1920
Sector Financial Services
Employees944
Revenue 301M USD (2023)
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 1920 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