secwatch.observer — SEC 8-K summary
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Issuer:     CIVISTA BANCSHARES, INC. (CIVB)
CIK:        0000944745
Form:       8-K
Filed at:   2025-07-11T23:59:59+00:00
Accession:  0001193125-25-157890
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Civista Bancshares to acquire Farmers Savings Bank for ~$70.4M; launches $70M common stock offering
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- Acquires Farmers Savings Bank (Spencer, OH) for $34.9M cash + 1.43M CIVB shares; aggregate value ~$70.4M.
- Offers 3.29M shares at $21.25 for gross $70M; net proceeds ~$65.5M for general corporate purposes.
- Preliminary Q2 2025 guidance: net income $10.3M–$11.1M ($0.67–$0.72 EPS), NIM 3.63%–3.69%.
- Deal expected ~10% EPS accretive once cost savings phased; TBV dilution earn-back ~3 years.
- Adds ~$183M low-cost deposits, 2 branches in Medina/Lorain Counties; pro forma assets ~$4.4B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944745/000119312525157890/0001193125-25-157890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944745/000119312525157890/d81885d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-157890

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