Savings Bancorp, Inc. (Circleville, OH) entered into a definitive agreement to acquire SSNB Inc (OTCPK:SDGB)for $17.5 million on June 15, 2021. The transaction is contingent on approval by the shareholders of SSNB and the appropriate regulatory agencies. It is anticipated that closing of the transaction will occur during the fourth quarter of 2021. As of August 26, 2021, Federal Reserve granted the deal. Savings is being advised by Richard F. Maroney, Jr. of the investment banking firm ProBank Austin and the law firm Shumaker, Loop & Kendrick, LLP. SSNB's financial advisor is Gerrish Smith Tuck Consultants, LLC and SSNB's legal advisor is Gerrish Smith Tuck, PC.

Savings Bancorp, Inc. (Circleville, OH) completed the acquisition of SSNB Inc (OTCPK:SDGB) on September 20, 2021.