Local Bank Moving Closer To A Unified Merger

POSTED BY: News Department
Tuesday, January 15, 2002 - 01:56 PM
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As previously announced back in September, the BancFirst Ohio Corporation, or First National Bank of Zanesville and UNB Corporation of Canton are planning a merge. Today a shareholders meeting was held for the purpose of consideration and voting on the merger between the two banks to become Unizan Bank Corporation. Regulatory approval was issued and gaining shareholder approval was the final step. Today the shareholders for First National Bank approved the transaction overwhelmingly with the shares being returned. Ninety-eight percent of those were in favor of approving the transaction. Not only does the conversion of the two banks need to meet the needs of the customers who use their services, but also the shareholders who invest in the corporations. With shareholder approval standing as one of the final phases before the closing and conversion into Unizan, bank officials are hoping that this merger will bring with it the ability to enhance services to their diversified market of customers. The Akron-Canton area, Columbus, Newark, Dayton and Zanesville franchises are all growing markets, with those booming areas they want to specialize in providing a personalized style of banking. The two banks will merge to create Unizan bank with an expected closing date of March 8th. Operations headquarters will remain in Zanesville, while Corporate headquarters will be located in Canton.

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