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Warren, Ohio-Based Bank Holding Company Makes Acquisitions.
Byline: Don Shilling
Jul. 24--WARREN, Ohio--Second National Bank is continuing its push into the Cleveland area with the acquisition of a bank with two branches.
Second Bancorp, the Warren-based holding company for Second National, said Monday that it intends to buy Commerce Exchange Corp. for about $26.5 million. Commerce is the parent company of Commerce Exchange Bank, which has branches in Beachwood and North Olmsted.
The transaction is expected to close in the fourth quarter and needs approval by Commerce's shareholders and regulators.
Committed: Rick Blossom, Second Bancorp president and chairman, said the deal shows the bank's …
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