Community banking

In Brief: Another Deal in Ind. for Ohio's Peoples

Published May 06, 2005, 1:00 a.m. EDT

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Updated May 05, 2005, 2:50 p.m. EDT

1 Min Read

Peoples Community Bancorp Inc. of Cincinnati is continuing its expansion into Indiana by acquiring the $134 million-asset PFS Bancorp Inc. of Aurora for $33.8 million.

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The cash deal, announced late Wednesday, is expected to close in the fourth quarter. The $910 million-asset Peoples announced its first Indiana deal in December, when it said it would buy the $68 million-asset American State Corp. of Lawrenceburg for $7.8 million. That acquisition is expected to close this quarter.

Peoples would have seven Indiana branches when both deals are completed.

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