Civista completes Farmers Savings Bank merger, adds $236M deposits and two branches

CIVISTA BANCSHARES, INC.

Each Farmers share converted into $71,086.48 cash + 2,868.98 Civista shares; total cash ~$35.5M and ~1.43M shares issued.
Merger adds two branches and ~$236M in low-cost deposits, expanding into Medina and Lorain Counties, Ohio.
Pro forma combined organization: ~$4.4B assets, $3.2B net loans, $3.5B deposits as of Sept 30, 2025.
System conversion scheduled for Q1 2026; customers will continue normal service until then.
President/CEO Dennis Shaffer cites enhanced commercial lending and deeper Northeast Ohio relationships.

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