Civista Bancshares Acquires Vision Financial Group
September 30, 2022
Civista Bancshares, Inc. (NASDAQ: CIVB) signed a definitive agreement to acquire all outstanding shares of Pittsburgh-based Vision Financial Group, Inc., a privately held equipment leasing and finance company founded in 1991. Vision Financial Group will become a subsidiary of Civista Bank and continue operating under its name, with management and employees remaining in place; the deal consideration includes cash, Civista common stock and potential earn-out stock payments.
- Buyers
- Civista Bancshares, Inc.
- Targets
- Vision Financial Group, Inc.
- Sellers
- Shareholder of Vision Financial Group, Inc.
- Industry
- Financial Services
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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