Westfield Bancorp in Westfield Center, Ohio has agreed to buy Valley Savings Bank in Cuyahoga Falls, Ohio.

The merger will give Westfield two additional branches and boost its assets to nearly $1 billion, the company said in a press release Tuesday. Westfield currently has $830 million of assets and seven branches, according to data from the Federal Deposit Insurance Corp.

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.