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United Community Financial closes Ohio Legacy deal

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United Community Financial closes Ohio Legacy deal

United Community Financial Corp. closed its acquisition of Ohio Legacy Corp and unit Premier Bank & Trust.

Rick Hull, former president and CEO of Premier Bank, will serve as executive vice president and regional president of Home Savings and Loan Co. of Youngstown, a unit of United Community. Hull will be responsible for Akron, Canton, Firelands and St. Clairsville business efforts across all lines of business.

In addition, Denise Penz, former executive vice president, COO and wealth manager at Premier Bank, will serve as executive director of wealth management at Home Savings.

Ohio Legacy reported total assets of $345.5 million for the period ended Sept. 30, 2016, while United Community Financial had total assets of approximately $2.19 billion as of Dec. 31, 2016.

The company plans to complete the system and customers conversion during the weekend of March 25 and March 26.

According to SNL data, Excel Bancorp LLC owned 76.09% stake in Ohio Legacy.