Subsequent Events

12 Months Ended

Dec. 31, 2016

Subsequent Events [Abstract]

Subsequent Events

24.  Subsequent Events

In the first quarter of 2017, the Corporation announced an agreement to sell its bank branch located in Mt. Hope, Ohio with approximately $6.5 million of deposits and $7.5 million of loans to First Federal Community Bank of Dover, Ohio for a deposit premium of 8.0%.

In the first quarter of 2017, the Corporation announced that it successfully completed an at-the-market common stock issuance. A total of 834,896 shares of the Corporation’s common stock were sold at a weighted average price of approximately $23.96, representing gross proceeds to the Corporation of approximately $20.0 million. Net proceeds from the transaction, after the sales commission and other expenses, were approximately $19.3 million, which will be used for general corporate purposes, including loan growth, additional liquidity, and working capital.