04:58 PM EDT, 07/10/2025 (MT Newswires) -- Civista Bancshares ( CIVB ) agreed to acquire The Farmers Savings Bank for $70.4 million in cash and stock to expand in Ohio.

The payment includes $34.9 million in cash and 1.43 million shares, Civista said Thursday in a statement.

The deal is expected to close in Q4, pending approval from Farmers shareholders, regulatory clearance and other customary conditions.

Civista also launched an underwritten public offering of its common stock with a 30-day option for underwriters to purchase additional shares. Proceeds will be for general corporate purposes.

Civista shares fell 11% in after-hours trading.