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First Niles Financial to acquire Union Capital Mortgage in cash-and-stock deal

First Niles Financial Inc. agreed to acquire Union Capital Mortgage Corp., a Mentor, Ohio-based residential mortgage company, according to a news release on the OTC Markets Group Inc.'s website.

The cash-and-stock transaction is expected to close in the first quarter. Upon completion of the deal, Union Capital Mortgage will become a unit of Home FS&LA of Niles Ohio, which is a subsidiary of First Niles Financial.

Dinsmore & Shohl LLP is serving as an adviser to First Niles Financial.