Two Northeast Ohio companies have a $23 million merger deal.
GLB Bancorp in Mentor has agreed to exchange $18 million in cash and
The price equals 2.89 times Maple Leaf's book value and 23.63 times
Publicly traded GLB is the smaller company; it owns Great Lakes Bank, a
Maple Leaf, which is privately held, owns Geauga Savings Bank, a $112
The deal, set to close during the second quarter, would give GLB its