Civista Bancshares, Inc. to Acquire The Farmers Savings Bank, Enhancing Community Presence and Expanding Service Offerings
[City, State] – July 10, 2025 – Civista Bancshares, Inc. (NASDAQ: CIVB) today announced a significant development in its growth strategy with the signing of a definitive agreement to acquire The Farmers Savings Bank. This strategic move is set to enhance Civista’s presence within its existing markets and broaden its service capabilities for a wider customer base.
The acquisition of The Farmers Savings Bank, a well-respected community financial institution, represents a key milestone for Civista Bancshares. The transaction is expected to be completed in the fourth quarter of 2025, subject to customary closing conditions, including regulatory approvals and the approval of Civista Bancshares’ shareholders.
“We are delighted to announce our agreement to acquire The Farmers Savings Bank,” said [Name and Title of Civista Bancshares Executive, e.g., President and CEO of Civista Bancshares]. “This acquisition aligns perfectly with our strategic vision to grow our franchise and serve more communities. The Farmers Savings Bank shares our commitment to exceptional customer service and community involvement, and we are confident that together, we will create even greater value for our customers and shareholders.”
The Farmers Savings Bank, with its established reputation and strong local ties, will complement Civista’s existing footprint and enhance its ability to deliver a comprehensive suite of financial products and services. Customers of both institutions can look forward to a combined entity that offers expanded branch access, a broader range of lending solutions, and enhanced digital banking capabilities.
In conjunction with this acquisition, Civista Bancshares, Inc. also announced the launch of a public offering of its common shares. This offering is intended to provide the capital necessary to support the financing of the acquisition and for general corporate purposes. The number of shares to be offered and the price range for the offering will be determined at the time of market conditions.
“The launch of our common share offering concurrently with the announcement of the Farmers Savings Bank acquisition underscores our proactive approach to capital management and our dedication to executing our growth initiatives effectively,” added [Name and Title of Civista Bancshares Executive]. “We believe this offering will position us strongly to successfully integrate The Farmers Savings Bank and continue our trajectory of profitable growth.”
Civista Bancshares, Inc. is committed to ensuring a smooth transition for customers and employees of The Farmers Savings Bank. The combined organization will leverage the strengths of both institutions to provide an even more robust and customer-centric banking experience. Further details regarding the integration process will be shared as they become available.
This announcement reflects Civista Bancshares’ ongoing commitment to strategic growth and its dedication to serving the financial needs of its communities. The company anticipates that the acquisition of The Farmers Savings Bank will be a significant positive step in its continued development.
About Civista Bancshares, Inc.
Civista Bancshares, Inc. is a bank holding company with operations in Indiana, Kentucky, Maryland, and Ohio. Through its wholly-owned subsidiary, Civista Bank, the company provides a wide range of financial services, including commercial and retail banking, treasury management, and wealth management services. Civista Bank is committed to fostering strong community relationships and delivering exceptional value to its customers.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements are generally identifiable by use of the words “believe,” “expect,” “intend,” “may,” “should,” “will,” “could,” “anticipate,” “continue,” “plan,” “predict,” “estimate,” “project,” “forecast,” “goal,” “strategy,” “potential,” “opportunity,” or other similar expressions. Such statements are based on the beliefs of, and assumptions made by, management of Civista Bancshares, Inc. and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Risks and uncertainties include, but are not limited to, risks associated with the proposed acquisition of The Farmers Savings Bank, including the possibility that the acquisition may not be consummated, the risk that Civista Bancshares, Inc. may not successfully integrate the business of The Farmers Savings Bank, risks related to the public offering of common shares, including market conditions, and other risks detailed in Civista Bancshares, Inc.’s filings with the Securities and Exchange Commission. Civista Bancshares, Inc. disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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