Financial Advisor and Fairness Opinion
Civista Bancshares, Inc.
M&A Advisory
Has Agreed to Acquire
Transaction Details
- On January 10, 2022, Civista Bancshares, Inc. (“Civista”) and Comunibanc Corp., (“Comunibanc”) announced the signing of a definitive merger agreement pursuant to which Civista will acquire Comunibanc
- Comunibanc is headquartered in Napoleon, Ohio and operates 7 branch locations in Henry and Wood Counties in Northwest Ohio
- Subject to the terms of the merger agreement, each share of Comunibanc common stock will receive 1.1888 shares of Civista common stock and $30.13 in cash
- The transaction is expected to close in the second quarter of 2022, subject to the required approval of the Comunibanc shareholders, receipt of all required regulatory approvals and fulfillment of other customary closing conditions
About the company
Civista Bancshares, Inc.
Civista Bancshares, Inc. is a $3.0 billion financial holding company headquartered in Sandusky, Ohio. The Company's banking subsidiary, Civista Bank, operates 35 locations in Northern, Central, and Southwestern Ohio, Southeastern Indiana, and Northern Kentucky. Civista Bancshares, Inc. may be accessed at www.civb.com. The Company's common shares are traded on the NASDAQ Capital Market under the symbol "CIVB".
Comunibanc Corp.
Comunibanc Corp. is a $329 million bank holding company headquartered in Napoleon, Ohio. Comunibanc Corp.'s banking subsidiary, The Henry County Bank, operates 7 locations in Henry and Wood Counties in Northwest Ohio. More information on Comunibanc Corp. may be accessed at www.thehenrycountybank.com. Comunibanc Corp.'s common shares are quoted on the OTC Markets under the symbol "CBCZ".
Sources: Company Documents, S&P Global Market Intelligence, FactSet and publicly available information
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