Enterprise Federal Savings Bank Acquires Deposits of Three Western Ohio Financial Corp. Branch Offices

Business Wire, Oct 27, 1998

WEST CHESTER, Ohio--(BUSINESS WIRE)--Oct. 27, 1998--Enterprise Federal Bancorp Inc. (Nasdaq:EFBI) announced today that its banking subsidiary, Enterprise Federal Savings Bank had completed the acquisition of the deposits of three branch offices in Cincinnati from Cornerstone Bank, a subsidiary of Western Ohio Financial Corp.

Effective Oct. 26, 1998, Enterprise acquired the deposits associated with Cornerstone's branches located at 4860 Hunt Rd., 1440 Main St. and 8370 Colerain Ave. Combined the three branches had approximately $72.4 million in deposits. In addition, Enterprise Federal acquired the building and real estate associated with the branch office located at 8370 Colerain Ave. The acquired branch office at 8370 Colerain Ave. opened for business on Oct. 26, 1998 fully converted to an Enterprise Federal Savings Bank branch office while the other two branch offices were closed by Cornerstone Bank.