North Valley Bancshares Acquires Commodore Bank of Somerset
March 4, 2024
North Valley Bancshares, parent of North Valley Bank of Zanesville, signed an all-cash agreement to acquire Commodore Financial Network, parent of Commodore Bank of Somerset; financial terms were not disclosed. The deal — subject to shareholder and regulatory approvals — is expected to close in the second or third quarter of 2024 and will convert the Somerset, Millersport and Hebron Commodore Bank branches to North Valley Bank locations.
- Buyers
- North Valley Bancshares, North Valley Bank
- Targets
- Commodore Financial Network, Commodore Bank of Somerset
- Industry
- Financial Services
- Location
- Ohio, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.