Civista Bancshares and The Farmers Savings Bank received all merger approvals

Civista Bancshares (CIVB) and The Farmers Savings Bank announced that they have received all required approvals from the applicable bank regulatory agencies to complete the previously announced merger of Farmers with and into Civista Bank, a wholly owned subsidiary of Civista, subject to customary conditions and the applicable waiting period under federal banking law. Pending the adoption and approval of the merger agreement by the Farmers shareholders at the meeting of shareholders to be held on November 4 and the satisfaction of certain other customary closing conditions under the merger agreement, the parties intend to close the transaction in November as soon as reasonably practicable following the Farmers shareholder meeting. The system conversion is expected to occur in the Q1. Upon completion of the merger, Farmers will be integrated into Civista Bank. The combined organization will operate under the Civista Bank brand and continue to provide community-focused banking services across its expanded footprint.