Updated: Execs Discuss UCFC Purchase of Premier Bank

YOUNGSTOWN, Ohio -- United Community Financial Corp., holding company of the Home Savings and Loan Co., will purchase Ohio Legacy Corp., parent of Premier Bank & Trust, for $40.3 million in stock and cash, the companies announced Sept. 8 after markets closed. Under the definitive agreement the boards of directors reached, UCFC will pay roughly $18 for each share of Ohio Legacy, which has 1.97 million shares outstanding. Premier Bank & Trust, based in North Canton, has $320 million

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