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Croghan Colonial acquiring National Bank of Ohio

Croghan Bancshares Inc., the holding company for Croghan Colonial Bank, and Indebancorp, the holding company for National Bank of Ohio announced today that they have signed a definitive agreement under which Croghan will acquire Indebancorp in a stock and cash merger transaction. Shareholders of Indebancorp will be entitled to elect to receive for each Indebancorp common share either $55 in cash, 1.630 shares of Croghan’s common stock, or a combination of cash and stock, subject to the overall consideration being 70% stock and 30% cash. Based upon the previous 20 day average closing price for Croghan of $34.40, the transaction is valued at approximately $28.9 million. The merger is expected to qualify as a tax-free reorganization. National Bank of Ohio operates four full-service branches in Oak Harbor, Port Clinton, Oregon and Curtice, and two Loan Production Offices in Perrysburg and Fremont, and has approximately $219 million of assets and $188 million of deposits. When the transaction is completed, Croghan will have approximately $850 million in assets and $718 million in deposits. The merger will enable Croghan to expand in the Ottawa, Wood, and Lucas County markets.

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Hoedown for Hounds

Ottawa County Bluegrass Band was the featured entertainment at Saturday’s Hoedown for Hounds fundraiser for the Ottawa County Humane Society at Fort Firelands RV Resort, Marblehead

Photos by Terri Barton

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Lakeside Chautauqua achieves Tree City USA honor

Lakeside Chautauqua was recognized as a Tree City USA at the Northwest Ohio Awards Ceremony on April 18. This is the second year that Lakeside Chautauqua has been honored with this nationally recognized award. The awards were presented by the Ohio Department of Natural Resources (ODNR) Division of Forestry at the Hope United Methodist Church in Whitehouse, Ohio. Bill Smith and Frank O’Dell from the Lakeside Tree Advisory Team represented the Lakeside Chautauqua community at the presentation of the award.

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Catawba Island Township trustees remind visitors of cemetery rules

Visitors to Catawba Island Cemetery are asked to adhere to cemetery rules concerning decorations. Cut flowers are permitted at any time. Artificial flowers are permitted at any time if attached to headstones in such a manner as to permit mowing and trimming. Potted plants, ceramics, and lights placed directly on the ground near a grave are not permitted. Other artificial decorations may be placed only one week before Easter, Memorial Day, and Fourth of July and must be removed one week after the holiday. Winter decorations will be allowed November 1 to the end of February. Decorations remaining after February will be removed. All grave decorations are placed at the owner’s risk.

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Community calendar June 20-June 27, 2013

Community Calendar is a listing of events, classes and support groups for this week. If you have events you would like listed, send an email to our editor This email address is being protected from spambots. You need JavaScript enabled to view it. .

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Kiwanis Fremont Road clean-up

Kiwanis clean-up crew at the finish line. Left to right: Russ Brown, Kim Smith, Julie Rosiar, John Hull, Carl Koebel.

Last week Port Clinton Kiwanians cleaned up litter along Fremont Road. They continue on their mission to change the world, one child and one community at a time. Carl Koebel reports that there was not so much trash to pick up, an indication that people are being more conscientious regarding littering and that “Russ does a good job picking up littler along that roadway as he sees it.” Kiwanis extends a special thank you to Port Clinton Glass for letting the Kiwanis crew use their parking lot.

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