CINCINNATI - Fifth Third Bancorp said it signed a definitive agreement to acquire Tristate Bancorp for stock valued at about $67.8 million, or $20.78 per Tristate share.
Tristate owns the $200 million-asset Cottage Savings Association of Cincinnati. Its share price was up $3 early Friday afternoon, to a 52-week high of $19.25.
The merger is expected to be completed in the fourth quarter, pending shareholder and regulatory approval.