M&A Deal Summary

Premier Financial Acquires First Community Bank

On February 18, 2014, Premier Financial acquired financial services company First Community Bank

Acquisition Highlights
  • This is Premier Financial’s 2nd transaction in the Financial Services sector.
  • This is Premier Financial’s 5th transaction in the United States.
  • This is Premier Financial’s 4th transaction in Ohio.

M&A Deal Summary
Date 2014-02-18
Target First Community Bank
Sector Financial Services
Buyer(s) Premier Financial
Deal Type Add-on Acquisition
Advisor(s) Boenning & Scattergood (Financial)
Vorys, Sater, Seymour and Pease (Legal)

Target

First Community Bank

Ohio, United States
First Community Bank is a provider of financial services. First Community had assets of $101.4 million, loans of $65.4 million, deposits of $90.5 million and common equity of $10.6 million.

Search 202,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

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 5 of 7
Sector (Financial Services) 2 of 4
Type (Add-on Acquisition) 4 of 5
State (Ohio) 4 of 6
Country (United States) 5 of 7
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-07 Payak-Dubbs Insurance Agency

Maumee, Ohio, United States

Payak-Dubbs Insurance Agency, Inc. is an independent property and casualty insurance agency with two office locations based in Maumee and Oregon, Ohio.

Buy -
FOLLOWING 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 -
Mergr

Product

Company

Legal