Attached files
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| 8-K - CURRENT REPORT - CHEVIOT FINANCIAL CORP | form8k_031811.htm |
EXHIBIT 99.1
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For Immediate Release
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Media Contact: Thomas J. Linneman
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March 16, 2011
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513-661-0457
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tlinneman@cheviotsavings.com
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Cheviot Financial Corp. Completes Acquisition of
First Franklin Corporation
Cincinnati, Ohio – Cheviot Financial Corp. (NASDAQ: CHEV), the parent company of Cheviot Savings Bank, today announced that it has completed its acquisition of First Franklin Corporation (NASDAQ: FFHS), the Blue Ash-based parent company of The Franklin Savings and Loan Company. Under the terms of the agreement, stockholders of First Franklin are entitled to receive $14.50 in cash for each share they hold.
“We’re proud to welcome the Franklin customers and employees to continue the banking tradition that Cheviot Savings Bank has established for over a century.” said Thomas J. Linneman, President and CEO of Cheviot Financial and Cheviot Savings Bank.
As a result of the acquisition, Cheviot Savings Bank now has 12 branch offices and its asset size has increased by approximately $250 million to over $600 million. For more information about Cheviot Savings Bank, please visit Cheviot Savings Bank’s website at www.cheviotsavings.com.
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