NB&T Financial Group, a full service financial institution, has acquired Ohio-based Community National Bank, through the merger of Community National Bank’s parent, Community National, into NB&T Financial Group, and the merger of Community National Bank into The National Bank and Trust (NB&T). The resulting bank will continue to operate under the name of The National Bank and Trust.
With this merger, NB&T Financial will add approximately $92m to its assets, resulting in total assets of approximately $646m and total deposits of approximately $532m based on the September 30, 2009 reported results.
The acquisition of Community National Bank will expand NB&T’s presence with five banking offices located in Carlisle, Centerville, Franklin, Middletown and Springboro. With the addition of these branch offices, NB&T will own and operate 24 banking offices throughout Southwest Ohio.
John Limbert, president and CEO of NB&T, said: “The acquisition of Community National Bank allows us to expand our footprint in Southwest Ohio while maintaining our community bank philosophy of being focused on our customers. We are excited to be able to support and compete in these new markets.”
