Mergers & AcquisitionsBy The Online Investor Staff, updated Wed., Feb. 26, 3:00 PM
|This Slide: #89 of 100|
Slide #89. SB Financial Group, Inc. — Edon Bancorp, Inc.
SB Financial Group, Inc. (NASDAQ:SBFG)
Edon Bancorp, Inc.
SB Financial Group, Inc. (NASDAQ: SBFG) ("SB Financial"), parent company of State Bank and Trust Company ("State Bank"), and Edon Bancorp, Inc. (Private) ("Edon Bancorp"), parent company of The Edon State Bank Company of Edon, Ohio ("Edon State Bank"), today jointly announced entry into a definitive agreement pursuant to which Edon Bancorp will be combined with SB Financial and Edon State Bank will merge with and into State Bank. The merger agreement was unanimously approved by the Boards of Directors of both bank holding companies and their subsidiary banks.
SB Financial Group is a holding company. Through its direct and indirect subsidiaries, Co. is engaged in a variety of financial activities, including commercial banking, and wealth management services. Co.'s subsidiary, The State Bank and Trust Company, provides commercial banking services; automatic teller machines; commercial, consumer, agricultural and residential mortgage loans; personal and corporate trust services; commercial leasing; bank credit card services; safe deposit box rentals; Internet banking; private client group services; and other personalized banking services. Co.'s RFCBC, Inc. subsidiary operates as a loan subsidiary in servicing and working out problem loans.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 83% of all stocks covered)
Based on Zacks ABR data;
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