We are excited to announce that First Defiance Financial Corp. is to
merge with First Community Bank to enter the Columbus Market bringing
many benefits to our customers and our community! They are a $2 billion
bank with over 30 branches in Ohio, Indiana and Michigan.
First Federal Bank of the Midwest, the banking company of
First Defiance Financial Corp. (Defiance, OH; NASDAQ: FDEF
www.first-fedbanking.com) announced today the signing of a definitive agreement to acquire Columbus, Ohio-based First Community Bank. Under the merger agreement, First Defiance will acquire First Community Bank in a cash transaction in which First Community
Bank will merge with and into First Federal Bank of the Midwest.
The transaction has been unanimously approved by the board of directors of both parties. The transaction is expected to be completed by the end of the third quarter 2014, subject to regulatory approvals and other customary closing conditions.
"We are excited to announce our expansion into the Columbus market with the acquisition of First Community Bank. We believe that First Community’s ‘customer and community first’ philosophy is a great match with First Defiance’s culture. We also believe First Community’s customers will receive the same superior customer service they have become accustomed to, while benefiting from a broader array of products and services, such as insurance and wealth management, as well as a greater variety of loan and deposit products,” stated Donald P. Hileman, President and CEO of First Defiance Financial Corp.
Sherran Blair, Chairman, President and CEO of First Community Bank, noted, “We are very happy to partner with such a quality community bank. First Defiance has been serving its local communities for over 90 years and they share our vision and community banking philosophies. First Community
Bank has been owned by my family for generations and I am very pleased to see the bank’s legacy continue as part of such a strong company.”
First Community Bank is a full-service commercial bank. We have
provided safety and service to our customers and our community since 1903. All deposits are insured by the F.D.I.C.
The FDIC insures each depositor to at least $250,000.
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
By federal law, beginning January 1, 2013, funds in a noninterest-bearing transaction account (including an IOLTA/IOLA) no longer
are receiving unlimited deposit insurance coverage, but are FDIC-insured to the legal maximum of $250,000 for each ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit
FDIC Transaction Accounts Coverage.
Financial information that you need.
First Community Bank
January 31, 2014
|Capital and Liabilities
| Common Stock
| Undivided Profits
|Total Equity Capital
|Total Capital and Liabilities
For additional current financial statements, visit the FDIC website and go directly to our bank's data by entering FDIC Certificate # 17520.