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Circleville, Ohio-based Savings Bancorp Inc. will acquire Lancaster, Ohio-based SSNB Inc. for $17.5 million in cash consideration, subject to closing price adjustments.
At announcement, S&P Global Market Intelligence calculates the deal value to be 187.97% of common equity, 16.34% of assets and 19.20% of deposits.
S&P Global Market Intelligence valuations for bank and thrift targets in the Midwest region between June 15, 2020, and June 15, 2021, averaged 127.17% of...
