Ohio-based Savings Bancorp acquires in-state peer SSNB

Circleville, Ohio-based Savings Bancorp Inc. completed its acquisition of Lancaster, Ohio-based SSNB Inc, effective Nov. 12.

As part of the deal, Savings Bancorp's unit Savings Bank acquired SSNB unit Standing Stone Bank and now has about $531 million in assets, $303 million in loans and $465 million in total deposits.

ProBank Austin LLC was financial adviser to Savings Bancorp and Savings Bank, while Shumaker Loop & Kendrick LLP served as their legal counsel. Gerrish Smith Tuck was financial advisor and legal counsel to SSNB Inc. and Standing Stone Bank.