YOUNGSTOWN, Ohio - Ohio Bancorp disclosed Friday it was considering a sale of the company and has had preliminary discussions with several financial institutions.
A spokesman for the Youngstown-based company said the announcement was prompted by a $3.25-a-share run-up in its stock price on the day before Thanksgiving, to $26 a share. The quote soared another $5 Friday morning and had settled back to $30.25 at about 1 p.m.
The company has $1.7 billion in assets and five banks, the largest being Dollar Savings and Trust Co. of Youngstown, with $1.1 billion of assets.
