Peoples National Bancshares in New Lexington, Ohio, has agreed to buy Pataskala Banking in Ohio.
The $220 million-asset Peoples National said in a press release that it expects to buy the $39.9 million-asset Pataskala in the fourth quarter. The price wasn’t disclosed.
Pataskala has two branches, $23.1 million in loans and $37.5 million of deposits.
“Pataskala, its board … and its staff have a great reputation in their local markets, and we look forward to onboarding our new team members and continuing to serve the surrounding communities,” Tony Davis, Peoples’ president and CEO, said in the release.
Peoples was advised by Janney Montgomery Scott and Vorys, Sater, Seymour and Pease. Pataskala was advised by M.K. Jeffers and Shumaker, Loop & Kendrick.