Fifth Third Bancorp has signed a definitive agreement to buy Suburban Bancorp., also of Cincinnati, for $32 million in stock.

Suburban is a $219 million-asset thrift with $170 million of loans, all of them mortgages. It has seven branches.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.