Expanding Footprint in Northwest Ohio

  • SB Financial Group and Marblehead Bancorp agree to a $5 million merger
  • Marblehead Bank to merge with State Bank & Trust
  • Shareholders to receive $196.31 in cash for each share of common stock
  • Transaction expected to be completed in Q4, pending approval
  • Combined assets of approximately $1.4 billion
  • Expands State Bank’s presence in Northwest Ohio

SB Financial Group and Marblehead Bancorp have agreed to a $5 million merger. Marblehead Bank will merge with State Bank & Trust, a subsidiary of SB Financial. Shareholders will receive $196.31 in cash for each share of common stock. The deal is expected to be completed in Q4, pending regulatory and shareholder approval. The combined entity will have assets of approximately $1.4 billion and expand State Bank’s presence in Northwest Ohio.

Factuality Level: 10
Factuality Justification: The article provides accurate information about the merger between SB Financial Group and Marblehead Bancorp, including details such as the value of the deal, exchange ratio, expected completion timeframe, regulatory approval requirements, and legal counsel involved. It also includes relevant financial data about the combined company’s assets, loans, and deposits. The article is free from sensationalism, redundancy, opinion, bias, or logical errors.
Noise Level: 1
Noise Justification: The article provides relevant information about the merger between SB Financial Group and Marblehead Bancorp, including details such as the value of the deal, the exchange ratio for shareholders, expected completion timeline, and legal counsel involved. However, it lacks analysis or exploration of long-term trends or consequences, and does not offer actionable insights or new knowledge beyond the basic facts of the merger.
Public Companies: SB Financial Group ()
Private Companies: Marblehead Bancorp,Marblehead Bank,State Bank & Trust
Key People:

Financial Relevance: Yes
Financial Markets Impacted: Ohio banking sector
Financial Rating Justification: The article discusses a merger between two Ohio banks, SB Financial Group and Marblehead Bancorp, which will impact the local banking industry and potentially affect financial markets in the region.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Nil
Extreme Rating Justification: There is no mention of any extreme event in the text.
Deal Size: The deal size is 50000000
Move Size: No market move size mentioned.
Sector: Finance
Direction: Up
Magnitude: Large
Affected Instruments: Stocks

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