Buckeye State Bank signed an definitive merger agreement to acquire First City Bank on June 13, 2022. Transaction is subject to receipt of all required regulatory approvals and fulfillment of other customary closing conditions. The sale was unanimously approved by First City's directors and shareholders. The transaction is expected to close in the fourth quarter of 2022. Performance Trust acted as financial advisor to Buckeye and Dinsmore & Shohl, LLP acted as legal counsel to Buckeye. Keller and Company acted as financial advisor to First City and Becker & Lilly acted as legal advisor to First City.

Buckeye State Bank completed the acquisition of First City Bank on October 14, 2022.