DEFIANCE, Ohio, Dec. 31, 2015 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG), ("SB Financial" or the "Company"), announced today the purchase of the former Fifth Third branch office located at 1232 North Main Street, Bowling Green, Ohio. The Company plans to open its new banking center as a full-service location during the fourth quarter of 2016.
The Bowling Green banking center will offer customers the full-range of SB Financial's products and services, including consumer and small business banking, mortgage banking, and wealth management.
"We are extremely pleased to announce our entry into this dynamic market," said Chairman, President and CEO, Mark Klein. "Bowling Green is a natural extension of our current presence in Northwestern Ohio, and complements similar strategic expansions into the markets of Findlay and Dublin, Ohio, during 2015."
Klein concluded, "This planned geographic expansion demonstrates our commitment to increasing our market presence, further enabling us to grow customer relationships and add shareholder value."
SB Financial will be seeking regulatory approval for the banking center opening and financial details of the real estate transaction were not disclosed.
About SB Financial Group, Inc.
Headquartered in Defiance, Ohio, SB Financial Group, Inc. is a diversified financial services holding company with two wholly-owned operating subsidiaries: State Bank and RDSI. State Bank provides a full range of financial services for consumers and small businesses, including wealth management, mortgage banking, and agricultural and commercial lending. State Bank operates through 18 banking centers in nine Ohio counties and one center in Fort Wayne, Indiana, with 22 full service ATMs. The Company has four loan production offices located throughout the Tri-State region of Ohio, Indiana and Michigan. RDSI provides item processing services to community banks located primarily in the Midwest. SB Financial's common stock is listed on the NASDAQ Capital Market under the symbol SBFG. SB Financial's preferred stock is listed on the NASDAQ Capital Market under the symbol SBFGP.
In May 2015, SB Financial was ranked #163 on the American Banker Magazine's list of Top 200 Publicly Traded Community Banks and Thrifts based on three-year average return on equity ("ROE") as of December 31, 2014.
SOURCE SB Financial Group, Inc.