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Article: Oak Hill Financial, Inc. to Acquire Ripley National Bank.
- Article from:
- PR Newswire
- Article date:
- July 20, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oak Hill Financial, Inc. and Ripley National Bank jointly announced today the signing of a definitive agreement for the acquisition of Ripley National by Oak Hill.
Under the terms of the agreement, Oak Hill will pay $5.5 million in cash for 100% of the common and preferred stock of Ripley National. The transaction is expected to be completed by October 1, pending Oak Hill and Ripley National shareholder approval, regulatory approval, and other customary conditions of closing.
Oak Hill Financial is a financial holding company headquartered in Jackson, Ohio. Its banking affiliate, Oak Hill Banks, operates 27 full-service branches and four loan production ...