Farmers & Merchants Bancorp Acquires Ossian Financial Services, Inc.

Farmers & Merchants Bancorp Acquires Peoples-Sidney Financial Corporation

June 14, 2022

Financial Services

Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) has signed an agreement to acquire Peoples-Sidney Financial Corporation (Peoples) and its subsidiary Peoples Federal Savings and Loan Association in a stock-and-cash transaction valued at an implied aggregate of approximately $27.0 million. The deal expands F&M's community banking footprint into Sidney and Shelby County, Ohio; Peoples operates a main office in Sidney plus two branch offices and reported $132.7 million in total assets as of March 31, 2022.

Fentura Financial Acquires Farmers State Bank of Munith

December 1, 2021

Financial Services

Fentura Financial, Inc., the holding company for The State Bank, completed its acquisition of Farmers State Bank of Munith, expanding The State Bank's branch network and market footprint. The transaction grows the combined company to roughly $1.4 billion in assets and increases branch offices to 20; Farmers' president Jeanne E. Richter will join The State Bank as a senior officer and systems integration is planned for Q1 2022.

First Financial Bancorp Acquires BankFinancial Corporation

January 1, 2026

Financial Services

First Financial Bancorp completed its all-stock acquisition of Chicago-based BankFinancial Corporation, adding 18 retail financial centers and expanding First Financial’s presence in the Chicago market. The acquisition brings BankFinancial’s commercial lending, equipment finance and deposit franchise onto First Financial’s platform and increases the combined company’s assets to approximately $22 billion.

Citizens Financial Group Acquires Investors Bancorp

April 7, 2022

Financial Services

Citizens Financial Group, Inc. has completed its acquisition of Investors Bancorp, Inc., merging Investors and Investors Bank into Citizens and Citizens Bank, National Association respectively. The deal adds more than 200 branches and over 1,600 employees, strengthening Citizens' retail and commercial banking presence across the New York City and Philadelphia metropolitan areas and throughout New Jersey.

Emerson Acquires Open Systems International (OSI Inc.) for $1.6B

August 27, 2020

Software

Emerson agreed to acquire Open Systems International, Inc. (OSI Inc.) for $1.6 billion in an all-cash transaction to expand its software capabilities for the power industry. The deal brings OSI’s grid management and operations technology software and associated engineering services into Emerson’s automation and software portfolio to accelerate digitization and renewable integration across utilities.

SouthPoint Bancshares Acquires Merchants Financial Services

January 6, 2022

Financial Services

SouthPoint Bancshares, Inc. completed a strategic merger with Merchants Financial Services, Inc., with SouthPoint as the surviving entity. Merchants Bank of Alabama was merged into SouthPoint Bank as a division, creating a combined organization with over $1.0 billion in assets, approximately $0.9 billion in deposits and 10 branches, extending SouthPoint’s franchise along the I‑65 corridor into Cullman, Hanceville and Arab, Alabama.