Subsequent Event – Pending Acquisition

9 Months Ended

Jun. 30, 2017

14.

Subsequent Event – Pending Acquisition

On July 21, 2017, the Company entered into a definitive agreement to acquire Dearmin Bancorp, Inc. (“Dearmin”) and its majority owned subsidiary, The First National Bank of Odon (“FNBO”) pursuant to which FNBO will be merged into the Bank. The all-cash transaction is valued at $10.6 million, subject to possible adjustment. The closing of the transaction is subject to certain customary conditions, including shareholder and regulatory approval. Closing is expected to occur in the fourth calendar quarter of 2017. As of June 30, 2017, FNBO had $99.2 million of assets, including net loans of $35.2 million and securities available for sale of $47.5 million.