CBank in Cincinnati has agreed to buy Commercial Industrial Finance, a St. Louis equipment leasing and finance firm.
The $107 million-asset bank said in a press release that it plans to complete the acquisition in May. A CBank spokesman declined to disclose the price.
"This acquisition completes one of CBank's original business goals of adding an equipment leasing and finance capability to expand our bank's commercial offerings," Dean Meiszer, CBank's chief executive, said in the release. "We are impressed with CI Finance's management team, business platform, and depth of experience."