M&A Deal Summary

FM Bank Acquires Ossian Financial Services

On December 21, 2020, FM Bank acquired financial services company Ossian Financial Services for 20M USD

Acquisition Highlights
  • This is FM Bank’s 2nd transaction in the Financial Services sector.
  • This is FM Bank’s largest (disclosed) transaction.
  • This is FM Bank’s 2nd transaction in the United States.
  • This is FM Bank’s 1st transaction in Indiana.

M&A Deal Summary
Date 2020-12-21
Target Ossian Financial Services
Sector Financial Services
Buyer(s) FM Bank
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Ossian Financial Services

Ossian, Indiana, United States
Ossian Financial Services, Inc. (OFSI), the holding company for Ossian State Bank, that operates two full-service offices in northeast Indiana and has approximately $122 million in assets, $58 million in loans, $108 million in deposits, and $11.9 million in consolidated equity as of September 30, 2020.

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Buyer(S) 1

Buyer

FM Bank

Archbold, Ohio, United States
Category Company
Founded 1897
Sector Financial Services
Employees465
Revenue 95M USD (2023)
DESCRIPTION

FM Bank is a locally owned and operated community bank which proudly serves California through 24 convenient locations. The Bank offers a full complement of loan, deposit, equipment leasing, and treasury management products to businesses, as well as a full suite of consumer banking products. FM Bank was incorporated in 1897 and is based in Archbold, Ohio.

DEAL STATS #
Overall 2 of 4
Sector (Financial Services) 2 of 4
Type (Add-on Acquisition) 1 of 3
State (Indiana) 1 of 1
Country (United States) 2 of 4
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-08 Delta National Bancorp.

Manteca, California, United States

Delta National Bancorp is the parent holding company for Delta Bank National Association, a locally owned and operated community bank established in 1973, serving the needs of consumers and businesses through four locations in Stanislaus and San Joaquin county. As of March 31, 2016, the Bank had approximately $106 million in assets and serves the communities of Manteca, Riverbank, Modesto and Turlock.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Perpetual Federal Savings Bank

Urbana, Ohio, United States

Perpetual Federal Savings Bank provides financial products and services through its one-office location in Urbana, Ohio. The majority of PSFB’s income is derived from mortgage loans secured by one-to four-family residential property, commercial and multi-family real estate loans, and, to a lesser extent, construction or development loans, consumer loans, commercial business loans, as well as making other investments. PFSB accepts demand, savings, and time deposits.

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