Emclaire Financial Corp., a Pennsylvania-based bank holding company, has secured shareholder approval for the previously announced $105 million merger deal with Ohio-based Farmers National Banc Corp. Over 98% of Emclaire Financial shareholders’ votes were cast in favor of approving the deal that was announced in March 2022. Emclaire Financial, which is the parent company of […]
One80 Intermediaries, a Boston-based specialty insurance broker, has acquired SelmanCo, an Ohio-based third-party administrator (TPA) and broker, for an undisclosed price. SelmanCo caters to credit unions, associations, banks, insurance companies, and employers with life, supplemental health, and related products and services. The third-party administrator is said to have been in the business for more than […]
Civista Bancshares, the parent company of Civista Bank, has wrapped up the previously announced $50.2 million acquisition of Ohio-based bank holding company Comunibanc Corp. and its fully-owned subsidiary, The Henry County Bank. The stock and cash deal was announced in January 2022. As per the terms of the deal, Comunibanc’s shareholders will be issued 1.1888 […]
Ohio-based Farmers & Merchants Bancorp has agreed to acquire Peoples-Sidney Financial Corporation (PPSF) in a stock and cash deal worth $27 million. Peoples-Sidney Financial owns Peoples Federal Savings and Loan Association, which offers financial products and services. Peoples Federal Savings and Loan Association is based in Sidney, Ohio. As of 31 March 2022, Peoples-Sidney Financial […]
Acrisure, a Michigan-based fintech company, has acquired QuickInsured (QI), a tech-enabled insurance agency based in Columbus, Ohio, for an undisclosed price. Founded in 2014, QuickInsured provides insurance policies to individuals and businesses throughout the US. Its insurance professionals are said to work with customers in all the steps of the process and can design a […]
Middlefield Banc has signed a merger deal worth $64.4 million with rival Ohio-based bank holding company Liberty Bancshares. While Middlefield Bancis the bank holding company for The Middlefield Banking Company, Liberty Bancshares is the parent of Liberty National Bank. Middlefield Banc will be the surviving bank holding company and Middlefield Banking will be the surviving […]
Shareholders of Verso Corporation, an Ohio-based producer of graphic, specialty and packaging paper and market pulp, have voted in favor of the company’s $825 million acquisition by BillerudKorsnäs, a Swedish pulp and paper manufacturer. The all-cash deal, which was announced in December 2021, aims to create one of the largest providers of virgin fiber paper […]
Liberty Mutual Insurance, an American insurance giant, has wrapped up the $1 billion worth acquisition of State Auto Group, an Ohio-based property and casualty insurance holding company. Under the terms of the deal announced in July 2021, Liberty Mutual Insurance acquired paid $52 per share in cash to shareholders of the publicly-listed State Auto Group. […]
Intel said that it will make an initial investment of over $20 billion to build two new chip factories in Licking County, Ohio with an aim to help ramp up production to cope with the rising demand for advanced semiconductors. The two semiconductor factories in Ohio are also expected to power a new generation of […]
Komline-Sanderson, a New Jersey-based designer and manufacturer of equipment for wastewater management, environmental control, and other industrial applications, has acquired Fluid Quip, an Ohio-based manufacturer of capital equipment for the corn wet-milling and ethanol industries. The deal closed on 30 December 2021. According to Komline-Sanderson, corn wet-milling is its core market and the acquisition of […]