Dayton-area banks merge

Two Greater Dayton banks are combining forces.

Liberty Township-based Valley Central Bank and Middletown-based American Savings Bank are expected to combine under Valley Central’s name in the second half of 2019.

American Savings borrowers and depositors will become customers of Valley Central Bank following the deal and the banks’ boards of directors will be merged.

Valley Central CEO Joanna Gaynor will remain in her role, while American Savings president and CEO Fred DeBiasi will become…

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