M&A Deal Summary

Premier Financial Acquires United Community Financial

On September 9, 2019, Premier Financial acquired financial services company United Community Financial for 473M USD

Acquisition Highlights
  • This is Premier Financial’s 4th transaction in the Financial Services sector.
  • This is Premier Financial’s largest (disclosed) transaction.
  • This is Premier Financial’s 7th transaction in the United States.
  • This is Premier Financial’s 6th transaction in Ohio.

M&A Deal Summary
Date 2019-09-09
Target United Community Financial
Sector Financial Services
Buyer(s) Premier Financial
Deal Type Merger
Deal Value 473M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

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.

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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 7 of 7
Sector (Financial Services) 4 of 4
Type (Merger) 1 of 1
State (Ohio) 6 of 6
Country (United States) 7 of 7
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-12 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.

Sell $59M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 First Insurance Group

Archbold, Ohio, United States

First Insurance Group provides a full range of insurance services. First Insurance Group was founded in 1946 and is based in Archbold, Ohio.

Sell -
Mergr

Product

Company

Legal