Area Bank Merger Completed

SB Financial Group, parent company of State Bank and Trust…and Edon Bancorp, who owns The Edon State Bank, announce a merger. Under terms of the agreement, Edon Bancorp will be combined with SB Financial and Edon State Bank will merge with and into State Bank. The move was unanimously approved by the boards of directors on both sides of the table. Officials say Edon Bancorp will receive $103.50 in cash in exchange for each share of Edon Bancorp common stock…totaling around $15.5 million dollars.