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New Deal


Announced

Completed

Civista Bancshares completed the acquisition of Comunibanc.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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bank

Acquisition

financial services

Single Bidder

United States

Private

Domestic

Banks

Completed

Majority

Friendly

Synopsis

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Civista Bancshares, a financial holding company headquartered in Sandusky, Ohio, completed the acquisition of Comunibanc, a banking company. Financial terms were not disclosed. "We are very pleased to complete this transaction, which expands our presence in Henry and Wood Counties in Northwest Ohio. We are also excited to welcome Comunibanc's customers and employees to the Civista family. We look forward to collaborating with Comunibanc's team to grow and enhance their banking platform while maintaining strong ties to their communities. We believe the long-term growth potential of this partnership offers substantial upside for shareholders of both organizations," Dennis G. Shaffer, Civista CEO and President.

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