Civista Bancshares Merges with The Farmers Savings Bank
Civista Bancshares, Inc. (NASDAQ: CIVB), the parent organization of Civista Bank, is excited to announce the successful merger with The Farmers Savings Bank, a community-driven institution based in Spencer, Ohio. This important merger represents a strategic advancement for Civista into the regions of Medina and Lorain Counties, showcasing its dedication to expanding personalized banking services across Ohio.
What the Merger Brings to Civista
The completion of this merger introduces two additional branches to Civista's operations, along with approximately $236 million in low-cost deposits. As of the end of September 2025, the newly combined organization boasts total assets nearing an impressive $4.4 billion, with net loans amounting to $3.2 billion and total deposits reaching $3.5 billion.
Vision for the Future
Dennis G. Shaffer, President and CEO of Civista Bancshares, remarked, "This merger significantly advances our mission to provide outstanding community banking services." He expressed enthusiasm about welcoming The Farmers Savings Bank into the Civista family, emphasizing a commitment to leverage their united strengths to elevate commercial lending initiatives, utilize surplus liquidity effectively, and cultivate deeper community relationships throughout Northeast Ohio.
The Farmers Savings Bank Perspective
Tom Lee, the President and CEO of The Farmers Savings Bank, shared his insights on the merger, stating, "Joining Civista ensures we preserve our legacy of community-centered banking while also accessing enhanced resources and expertise. This collaboration allows us to improve services for our clients while retaining the familiar personal touch that they appreciate."
Upcoming System Transition
The system transition is expected in the first quarter of 2026. In the meantime, Farmers Savings Bank customers will maintain their access to services as they are used to, with comprehensive updates and assistance provided throughout this changeover.
About Civista Bancshares
Civista Bancshares, Inc. operates as a $4.4 billion financial holding company located in Sandusky, Ohio. Founded in 1884, its main subsidiary, Civista Bank, offers a complete suite of banking services, including commercial lending, mortgage solutions, and wealth management. Presently, Civista Bank features 44 locations across Ohio, portions of Southeastern Indiana, and Northern Kentucky. Furthermore, Civista Bank provides commercial equipment leasing services to businesses across the nation through its Civista Leasing and Finance Division. Civista Bancshares trades on the NASDAQ Capital Market under the ticker symbol "CIVB." For additional information, visit www.civb.com.
Frequently Asked Questions
What is the significance of the merger between Civista and Farmers Savings Bank?
The merger expands Civista's reach into new markets, enhancing community banking services and resources.
How many new branches does Civista Bancshares gain from this merger?
Civista Bancshares gains two new branches from the integration with The Farmers Savings Bank.
What are the total assets of the combined organization after the merger?
The combined organization will hold approximately $4.4 billion in total assets following the merger.
When is the system conversion expected to be completed?
The system conversion is scheduled for the first quarter of 2026.
What banking services does Civista Bank offer?
Civista Bank provides a range of services, including full-service banking, commercial lending, and wealth management.
