First Defiance Financial, the holding company for First Federal Bank of the Midwest and First Insurance Group, completed the acquisition and merger with United Community Financial, the holding company for Home Savings Bank and HSB Insurance, for $473m. First Defiance shareholders own c. 52.5% of the combined company and United Community shareholders own c. 47.5%. “This is an exciting day for us as we combine two great community banks with shared values and a deep commitment to delivering smart solutions that bring lasting value to our clients and the communities we proudly serve. Our combined organization boasts the combined talent, vision and resources that will allow us to continue to grow and be the partner of choice in the communities we serve,” Donald P. Hileman, First Defiance CEO.