Premier Financial

Premier Financial Corp. is an American company that owns and operates Premier Bank and First Insurance Group. Headquartered in Defiance, Ohio, the company operates full service branches and automated teller machines in Ohio, Indiana and Michigan. While the company's history dates back to 1920, it was re-branded in 2020 following the merger of the parent companies that owned First Federal Bank of the Midwest (First Defiance Financial Corp) and Home Savings Bank (United Community Financial Corp.).

Premier Financial Corp.
FormerlyFirst Defiance Financial Corp.
TypePublic company
Nasdaq: PFC
IndustryBanking
Founded1920 (1920)
HeadquartersDefiance, Ohio
Area served
Ohio, Michigan, Indiana, West Virginia, Pennsylvania
Key people
 Gary M. Small, President & CEO
Donald P. Hileman, Executive Chairman
Paul D. Nungester, CFO
RevenueIncrease $0.148 billion (2017)
Increase $0.032 billion (2017)
Total assetsIncrease $2.993 billion (2017)
Total equityIncrease $0.373 billion (2017)
Number of employees
674 (2017)
Websitewww.yourpremierbank.com
Footnotes / references
[1]

History

The bank was established in 1920 as FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF DEFIANCE.[2]

In 2000, the name of the bank was changed to First Federal Bank of the Midwest.[2]

In March 2008, the company acquired Pavilion Bancorp Inc. and its subsidiary, the Bank of Lenawee.[3]

In 2012, the company repurchased the stock issued to the United States Department of the Treasury in connection with its investment in the company via the Troubled Asset Relief Program and in 2015 the company repurchased the warrants issued to the Treasury.[4]

In February 2014, the company announced a merger with First Community Bank and entered the Columbus, Ohio market.[5] However, in April 2014, the merger agreement was terminated.[6]

In February 2017, the company acquired Commercial Bancshares, Inc. and The Commercial Savings Bank for $70.3 million.[7]

In January 2020, the holding company for First Federal Bank of the Midwest and First Insurance Group merged with United Community Financial Corp. In April 2020, the new company announced the unification of their banking businesses under the new name of Premier Bank.[8]

References
  1. "Premier Financial Corp. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. "Institution History for FIRST FEDERAL BANK OF THE MIDWEST (981275)". Federal Financial Institutions Examination Council.
  3. "First Defiance Completes the Acquisition of Pavilion Bancorp and Bank of Lenawee" (Press release). PRNewswire. March 14, 2008.
  4. "First Defiance Financial Corp. Announces Repurchase of Outstanding TARP Warrant" (Press release). Business Wire. March 11, 2015.
  5. "First Defiance Financial Corp. to Acquire First Community Bank, Enter Columbus Market" (Press release). Business Wire. February 18, 2014.
  6. "First Defiance Financial Corp. and First Community Bank Announce Termination of Merger Agreement" (Press release). Business Wire. April 21, 2014.
  7. "First Defiance Financial Corp. Completes the Acquisition of Commercial Bancshares, Inc. and The Commercial Savings Bank" (Press release). Business Wire. February 27, 2017.
  8. "Premier Bank: First Federal, Home Savings announce name change".
  • Business data for Premier Financial Corp.:
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