The latest update is out from SB Financial Group (SBFG).
SB Financial Group, Inc. has announced an agreement to acquire Marblehead Bancorp in a merger valued at approximately $5.0 million, offering $196.31 per share to Marblehead’s shareholders. The merger, which is expected to close in the fourth quarter of 2024, is subject to regulatory approvals and the approval of Marblehead’s shareholders. Marblehead’s directors and certain executives have agreed to support the merger. Shareholders are advised to read the forthcoming proxy statement for detailed information and important disclosures, including potential risks and forward-looking statements.
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