NB&T says to sell branch, $48 mln in securities

Newswire

NEW YORK, July 26 (Reuters) - NB&T Financial Group Inc. , which owns an Ohio bank, said on Wednesday it has agreed to sell a branch and $48 million in securities as part of a restructuring aimed at reducing exposure to interest rate risk. NB&T also said it would stop originating indirect automobile loans, effective Aug. 1. NB&T is selling the branch, in Ada, Ohio, to Liberty National Bank in the same town, the bank said.

Premium Content (PAID Subscription Required)

"NB&T says to sell branch, $48 mln in securities" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×