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Consumers Bank expands south in mount pleasant merger
Consumers Bancorp plans to acquire Peoples National Bank of Mount Pleasant for about 10.3 million in cash and stock. Peoples National, founded in 1903, has assets around 79 million, loans 53 million, and deposits 70 million with directors owning about 20 percent. The deal, awaiting shareholder and regulatory approval, aims to close in late year’s final quarter and expands Consumers presence in Jefferson Harrison and Belmont counties.
MENTIONED IN THIS ARTICLE
Minerva Consumers Bancorp
Peoples National Bank of
Mount Pleasant
Consumers
Jefferson County Bank
Peoples National Bank of Mount Pleasant
Adena
Dillonvale
Peoples National
Consumers Bancorp
Minerva
Stark
Carroll
Columbiana
Jefferson
Summit
Wayne Counties
Jefferson County
Harrison and
Belmont
Ralph J. Lober
Lober