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United Community Financial Corp. in Youngstown, Ohio reported a fourth-quarter profit of $7.9 million, compared with a loss of $17.3 million a year earlier, after selling four branches.
March 16
Croghan Bancshares (CHBH) in Fremont, Ohio, has bought Indebancorp in Oak Harbor.
Croghan paid about $29 million in cash and stock for the $228 million-asset Indebancorp in a deal that closed Dec. 6. The deal gave Croghan five new locations, increasing its network to 19 branches, and increased its assets to roughly $844 million.
The two companies agreed to the deal in June.
The closure "completes a very strategic acquisition for us," said Croghan Chief Executive Rick Robertson in a news release. "We have a significant market share in Sandusky County, [and] now we have a significant market share in Ottawa County."
In August, Croghan