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Croghan, Northwest Bank of Ohio merged PDF Print E-mail
Written by Sentinel-Tribune   
Monday, 16 December 2013 10:09
Croghan Bancshares, Inc., parent holding company of The Croghan Colonial Bank, has acquired Indebancorp, parent holding company of National Bank of Ohio, effective Dec. 6, consistent with the terms announced earlier this year.
National Bank of Ohio has now been merged into Croghan Colonial Bank. The branches of National Bank of Ohio, located in Oak Harbor, Port Clinton, Oregon and Curtice, will become offices of Croghan Colonial; as well as the Perrysburg Loan Center. Croghan Colonial Bank now has an asset base of more than $800 million.
Rick Robertson, President & CEO of Croghan stated "this completes a very strategic acquisition for us at Croghan. We have a significant market share in Sandusky County, now we have a significant market share in Ottawa County. We have a growing presence in both Seneca and Huron Counties, plus growth opportunities in Lucas and Wood Counties. This positions us well to continue our community bank focus, which benefits both customers and shareholders."
Croghan Colonial Bank was founded in 1888 and serves Sandusky, Ottawa, Erie, Huron, Lucas, Seneca and Wood Counties with banking center locations in Fremont, Oak Harbor, Bellevue, Clyde, Curtice, Green Springs, Monroeville, Norwalk, Oregon, Perrysburg, Port Clinton and Tiffin.
Last Updated on Monday, 16 December 2013 10:28
 

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