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CHEV Cheviot Financial Corp

15.01
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cheviot Financial Corp NASDAQ:CHEV NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 15.01 0 01:00:00

Cheviot Financial Corp. Completes Acquisition of First Franklin Corporation

16/03/2011 8:26pm

GlobeNewswire Inc.


Cheviot (NASDAQ:CHEV)
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Cheviot Financial Corp. (Nasdaq:CHEV), the parent company of Cheviot Savings Bank, today announced that it has completed its acquisition of First Franklin Corporation, the Blue Ash-based parent company of The Franklin Savings and Loan Company. Under the terms of the agreement, stockholders of First Franklin are entitled to receive $14.50 in cash for each share they hold.

"We're proud to welcome the Franklin customers and employees to continue the banking tradition that Cheviot Savings Bank has established for over a century." said Thomas J. Linneman, President and CEO of Cheviot Financial and Cheviot Savings Bank. 

As a result of the acquisition, Cheviot Savings Bank now has 12 branch offices and its asset size has increased by approximately $250 million to over $600 million. For more information about Cheviot Savings Bank, please visit Cheviot Savings Bank's website at www.cheviotsavings.com.

CONTACT:  Media Contact:
          Thomas J. Linneman
          513-661-0457
          tlinneman@cheviotsavings.com

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