The Bank Slate


North Valley in Ohio to buy Commodore Bank

North Valley Bancshares in Zanesville, Ohio, has agreed to buy Commodore Financial Network in Somerset, Ohio.

The deal is expected to close in the second or third quarter. The price of the all-cash deal wasn’t disclosed.

The acquisition “aligns perfectly with our vision of expanding our footprint and enhancing our ability to
deliver exceptional financial services to even more individuals and businesses while pursuing our vision
of Building Better Communities,” North Valley President and CEO Jim Nicholson said in a press release.

Commodore “has built a strong reputation for its dedication to local customer service, community
involvement, and financial expertise, values that closely mirror our own,” he added.

Hovde Group and Vorys, Sater, Seymour and Pease advised North Valley. Donnelly Penman & Partners and Dinsmore & Shohl advised Commodore.

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