secwatch.observer — SEC 8-K summary
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Issuer:     SB FINANCIAL GROUP, INC. (SBFG)
CIK:        0000767405
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0001213900-24-069401
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SB Financial (SBFG) to acquire Marblehead Bancorp for ~$5M cash, adds Ohio branches
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/767405/000121390024069401/0001213900-24-069401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/767405/000121390024069401/ea0211459-8k_sbfin.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-069401

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