BOWLING GREEN, Ohio -- Mid Am Inc. said it signed a letter of intent to acquire Colonial Federal Savings Bank, Bellefontaine, Ohio.

Colonial Federal, which has $83 million in assets, is slated to merge with American Community Bank, known as Americom Bank, a Mid Am affiliate that will have $330 million in assets after pending mergers are completed.

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.