M&A Deal Summary

United Community Financial Acquires Ohio Legacy

On September 8, 2016, United Community Financial acquired financial services company Ohio Legacy for 40M USD

Acquisition Highlights
  • This is United Community Financial’s 3rd transaction in the Financial Services sector.
  • This is United Community Financial’s 2nd largest (disclosed) transaction.
  • This is United Community Financial’s 4th transaction in the United States.
  • This is United Community Financial’s 4th transaction in Ohio.

M&A Deal Summary

Date 2016-09-08
Target Ohio Legacy
Sector Financial Services
Buyer(s) United Community Financial
Deal Type Add-on Acquisition
Deal Value 40M USD
Advisor(s) Sandler O'Neill + Partners (Financial)
Vorys, Sater, Seymour and Pease (Legal)

Target

Ohio Legacy

North Canton, Ohio, United States
Ohio Legacy Corp is a bank holding company with total assets of $320 million and four Premier Bank & Trust offices located in North Canton, Fairlawn and St. Clairsville, Ohio.

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Buyer(S) 1

Buyer

United Community Financial

Youngstown, Ohio, United States

Category Company
Founded 1889
Sector Financial Services
Employees504
Revenue 118M USD (2019)
DESCRIPTION

United Community Financial is a provider of financial services. United Community Financial was founded in 1889 and is based in Youngstown, Ohio.


DEAL STATS #
Overall 4 of 4
Sector: Financial Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: Ohio M&A 4 of 4
Country: United States M&A 4 of 4
Year: 2016 M&A 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-25 James & Sons Insurance

Boardman, Ohio, United States

James & Sons Insurance is a local insurance agency.

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