Belpre Savings Bank to Affiliate with First Mutual Holding Co.

Posted in Mergers & Acquisitions.

First Mutual Holding Co.

Lakewood, OH

has added an affiliate bank

Belpre Savings Bank

Belpre, OH

Closed November 15, 2016

Paul L. Simoff served as lead advisor.

Belpre Savings Bank, a mutual savings bank headquartered in Belpre, Ohio, announced that it has signed a definitive agreement to become an affiliate bank of First Mutual Holding Company (FMHC), Lakewood, Ohio. Belpre, with $51 million in assets, will join First Federal Lakewood, with $1.6 billion in total assets, as an affiliate bank of FMHC. Belpre will continue to operate under its state charter and name. The transaction is expected to close by year-end 2015.

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