Deal Snapshot
CIVISTA BANCSHARES TO ACQUIRE INDIANA´S UNITED COMMUNITY BANCORP
Tuesday 13 March 2018

Ohio, US-based bank holding company Civista Bancshares, Inc. (NASDAQ: CIVB) and Indiana, US-based United Community Bancorp, the parent company of United Community Bank (NASDAQ: UCBA), have signed a definitive merger agreement pursuant to which Civista will acquire United, the company said.
Based on financial data as of December 31, 2017, the combined company would have total assets of USD 2.1bn, total loans of USD 1.5bn and total deposits of USD 1.7bn. United operates an eight branch network in southeastern Indiana, five of which are located in the Cincinnati MSA.


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Details
Date Published: 13/03/2018
Target: United Community Bank
Country: USA
Deal Size: 114.4m (USD)
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: Civista Bancshares
Comment:


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