FOR IMMEDIATE RELEASE
Monday, October 28, 2024
For additional information please contact:
Michelle Newman, Vice President & Director of Marketing at mnewman@nvboh.bank or 919-724-3497

North Valley Bank Announces Merger with Commodore Bank:
A Milestone for Community Banking in Ohio

ZANESVILLE, OHIO – [10-28-24] – North Valley Bank, a leading community-focused financial institution headquartered in Zanesville, Ohio, today announced its completed merger with Commodore Bank, headquartered in Somerset, Ohio. This strategic partnership will unite two long-standing community banks, enhancing their ability to deliver exceptional financial services across central Ohio.

The combined organization will continue to operate under the North Valley Bank name, with Commodore Bank’s branches in Somerset, Millersport, and Hebron becoming part of North Valley’s growing branch network. Together, these banks will offer expanded resources and maintain their shared commitment to strengthening local communities and supporting small businesses.

Jim Nicholson, President and CEO of North Valley Bank, expressed excitement about the merger, stating, “This partnership is a significant milestone in our growth journey. By joining forces, we can enhance our ability to serve individuals and businesses in the Buckeye Lake region and beyond, while staying true to our mission of community-driven banking.”

Charles Moore, President and CEO of Commodore Bank, added, “We have always prioritized relationships with our customers and communities. This merger with North Valley Bank allows us to continue that legacy, ensuring stability while bringing additional resources to better serve our customers in today’s complex financial landscape.”

Both banks have a rich history of supporting local economies in Ohio. North Valley Bank, with $312 million in assets, operates seven full-service branches, along with business banking centers in Zanesville and Pataskala. Commodore Bank, with $89 million in assets, has long served communities in Fairfield, Licking, and Perry counties.

Strengthening Community Banking
This merger signals a strong future for community banking in Ohio, with both institutions emphasizing that the consolidation is driven by a shared vision of delivering enhanced customer services without sacrificing the personal touch and community involvement that have long defined their operations. The leadership of both banks assured customers that the transition will be seamless, with no disruption to services and a continued focus on local support.

For more information, visit the North Valley Bank website at https://nvboh.bank/welcome-commodore