July 2, 2014
Marion-based Ohio State Bank has found another buyer.
United Bancshares of Columbus Grove in northwestern Ohio said yesterday it is acquiring Ohio State Bank in a deal expected to close this year.
United Bancshares is the parent of Union Bank Co.
Worthington-based Guernsey Bank had planned to buy Ohio State Bank, but the deal was called off.
Ohio State Bank, which has 21 employees, has two offices in Marion and one in Lewis Center. The branches will be rebranded as Union Bank branches.
Union Bank has 12 full-service locations in six northwestern Ohio counties.