M&A
confidence high
sentiment positive
materiality 0.80
SB Financial (SBFG) to acquire Marblehead Bancorp for ~$5M cash, adds Ohio branches
SB FINANCIAL GROUP, INC.
- Marblehead shareholders receive $196.31 cash per share; aggregate value ~$5.0 million.
- Acquisition adds 3 branches in Ottawa County, OH; combined assets ~$1.4B (pro forma 6/30/24).
- Transaction expected to close in Q4 2024, pending regulatory and Marblehead shareholder approvals.
- Boards of both companies unanimously approved; merger aligns with SB Financial's strategic growth.
- Janney Montgomery Scott served as Marblehead's financial advisor; Vorys advised SB Financial.