CSB Bancorp in Millersburg, Ohio, announced Friday that it is acquiring two branches in Wooster, Ohio, from Premier Bank & Trust.
The $445 million-asset parent of the Commercial and Savings Bank of Millersburg has a trust office in Wooster, but no branches there. The deal, expected to close in the fourth quarter, includes $80 million of deposits and $8.5 million of commercial and commercial real estate loans.
The $168 million-asset Premier had been based in Wooster until April 2010, when it relocated to North Canton, Ohio. Premier President and Chief Executive Officer Rick Hull said it is selling its two Wooster branches to because they are outside of its core market of Stark County.