DEFIANCE, Ohio--(BUSINESS WIRE)--First Defiance Financial Corp. (NASDAQ: FDEF), the holding company for First Federal Bank of the Midwest, and First Community Bank, headquartered in Columbus, Ohio, jointly announced the termination of the merger agreement signed in February 2014.
The two companies issued a joint statement:
“It has become evident that the time to complete the merger would be significantly longer than originally expected, and the two companies mutually decided that terminating the agreement was in the best interest of all parties.”
About First Defiance Financial Corp.
First Defiance
Financial Corp., headquartered in Defiance, Ohio, is the holding company
for First Federal Bank of the Midwest and First Insurance Group. First
Federal operates 32 full service branches and 42 ATM locations in
northwest Ohio, southeast Michigan and northeast Indiana. First
Insurance Group is a full-service insurance agency with six offices
throughout northwest Ohio.
For more information, visit the company’s Web site at www.fdef.com.
About First Community Bank
First Community Bank is a State
chartered, family owned and operated community bank dedicated to
providing customized loans to meet the needs of its customers. First
Community Bank was founded in 1903, is headquartered in Columbus, Ohio
and has four branches.
For more information, visit the company’s website at www.firstcommunitybank.com.
Safe Harbor Statement
This news release may contain
certain forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21 B of the
Securities Act of 1934, as amended, which are intended to be safe
harbors created thereby. Those statements may include, but are not
limited to, all statements regarding intent, beliefs, expectations,
projections, forecasts and plans of First Defiance Financial Corp. and
its management, and specifically include statements regarding: changes
in economic conditions, the nature, extent and timing of governmental
actions and reforms, future movements of interest rates, the production
levels of mortgage loan generation, the ability to continue to grow
loans and deposits, the ability to benefit from a changing interest rate
environment, the ability to sustain credit quality ratios at current or
improved levels, the ability to sell real estate owned properties,
continued strength in the market area for First Federal Bank of the
Midwest, and the ability of the Company to grow in existing and adjacent
markets. These forward-looking statements involve numerous risks and
uncertainties, including those inherent in general and local banking,
insurance and mortgage conditions, competitive factors specific to
markets in which the Company and its subsidiaries operate, future
interest rate levels, legislative and regulatory decisions or capital
market conditions and other risks and uncertainties detailed from time
to time in the Company's Securities and Exchange Commission (SEC)
filings, including the Company's Annual Report on Form 10-K for the year
ended December 31, 2013. One or more of these factors have affected or
could in the future affect the Company's business and financial results
in future periods and could cause actual results to differ materially
from plans and projections. Therefore, there can be no assurances that
the forward-looking statements included in this news release will prove
to be accurate. In light of the significant uncertainties in the
forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by the Company or
any other persons, that the objectives and plans of the Company will be
achieved. All forward-looking statements made in this news release are
based on information presently available to the management of the
Company. The Company assumes no obligation to update any forward-looking
statements.
