Buckeye State Bank signed a definitive merger agreement to acquire Rockhold Bancshares, Inc. on February 21, 2023. As of December 31, 2022, Rockhold had approximately $47.6 million in assets with $40.8 million in deposits and $29.0 million in loans. The Agreement has been approved by both Rockhold Bancshares, and Buckeye State Bancshares Boards of Directors.

The transaction is expected to close in the third quarter of 2023, subject to receipt of all required regulatory approvals and approval from Rockhold Bancshares shareholders. Matt Kennedy of Performance Trust Capital Partners, LLC acted as financial advisor and Christian Gonzalez of Dinsmore & Shohl LLP acted as legal advisor to Buckeye State Bancshares, Inc. Charlie Crowley and Chris Chapman of Janney Montgomery Scott LLC acted as financial advisor and Kimberly Schaefer of Vorys, Sater, Seymour and Pease LLP acted as legal counsel to Rockhold Bancshares, Inc.