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Vantage Financial Announces Strategic Sale to Peoples Bank

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The Barack Ferrazzano Financial Institutions Group served as legal counsel to Vantage Financial, in its definitive merger agreement to be acquired by Peoples Bank in a stock and cash transaction valued at approximately $54 million. Vantage Financial provides mid-ticket equipment leases primarily for information technology equipment and had lease assets of approximately $147 million as of December 31, 2021. Barack Ferrazzano’s legal team was led by Joseph T. Ceithaml and Nicholas M. Brenckman.

To read more about this deal, visit:

https://www.abfjournal.com/dailynews/peoples-bank-acquires-vantage-financial-for-54mm/

https://www.americanbanker.com/news/peoples-in-ohio-beefs-up-equipment-financing-with-54-million-deal

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