Farmers & Merchants Bancorp Acquires Ossian Financial Services, Inc.
December 21, 2020
Farmers & Merchants Bancorp, Inc. (F&M) agreed to acquire Ossian Financial Services, Inc. (OFSI), the holding company of Ossian State Bank, in a cash deal valued at approximately $20.0 million (approximately $67.71 per share). OFSI operates two full-service offices in northeast Indiana with about $122 million in assets; the transaction, unanimously approved by both boards and subject to regulatory and shareholder approvals, was expected to close in Q2 2021.
- Buyers
- Farmers & Merchants Bancorp, Inc.
- Targets
- Ossian Financial Services, Inc.
- Industry
- Financial Services
- Location
- Indiana, United States
- Transaction Type
- Buyout
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