February 11, 2019

On February 1, 2019, Valley Central Bank and its mutual holding company, Valley Central, MHC, Liberty Township, Ohio, announced the execution of an agreement with American Savings Bank, Middletown, Ohio, pursuant to which American Savings Bank will merge with and into Valley Central Bank.

Luse Gorman serves as legal counsel to Valley Central Bank and Valley Central, MHC in the transaction. The Luse Gorman team consists of Kip A. Weissman, Gary A. Lax, and Thomas P. Hutton.

Valley Central, MHC is the parent company of Valley Central Bancorp, Inc., which is the parent company of Valley Central Bank. Valley Central Bank is a community bank that operates through its main office in Liberty Township, Ohio, a full-service branch in Reading, Ohio, and a loan production office located in Montgomery, Ohio.

American Savings Bank is a mutual community bank and operates two banking offices in Middletown, Ohio.