Farmers & Merchants Bancorp Acquires Peoples-Sidney Financial Corporation
June 14, 2022
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.
- Buyers
- Farmers & Merchants Bancorp, Inc.
- Targets
- Peoples-Sidney Financial Corporation, Peoples Federal Savings and Loan Association
- Sellers
- Peoples-Sidney Financial Corporation shareholders
- Industry
- Financial Services
- Location
- Ohio, United States
- Transaction Type
- Buyout
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