EX-99.1
2
ex99-1_031811.htm
PRESS RELEASE
ex99-1_031811.htm
EXHIBIT 99.1
For Immediate Release
Media Contact:
Thomas J. Linneman
March 16, 2011
513-661-0457
tlinneman@cheviotsavings.com
Cheviot Financial Corp. Completes Acquisition of
First Franklin Corporation
Cincinnati, Ohio
-
Cheviot Financial Corp. (NASDAQ: CHEV), the parent company of Cheviot Savings Bank, today announced that it has completed its acquisition of First Franklin Corporation (NASDAQ: FFHS), the Blue Ash-based parent company of The Franklin Savings and Loan Company. Under the terms of the agreement, stockholders of First Franklin are entitled to receive $14.50 in cash for each share they hold.
"We're proud to welcome the Franklin customers and employees to continue the banking tradition that Cheviot Savings Bank has established for over a century." said Thomas J. Linneman, President and CEO of Cheviot Financial and Cheviot Savings Bank.
As a result of the acquisition, Cheviot Savings Bank now has 12 branch offices and its asset size has increased by approximately $250 million to over $600 million. For more information about Cheviot Savings Bank, please visit Cheviot Savings Bank's website at
www.cheviotsavings.com
.
# # #

EX - 99 . 1 2 ex99 - 1 _ 031811 . htm PRESS RELEASE ex99 - 1 _ 031811 . htm EXHIBIT 99 . 1 For Immediate Release Media Contact : Thomas J . Linneman March 16 , 2011 513 - 661 - 0457 tlinneman@cheviotsavings.com Cheviot Financial Corp . Completes Acquisition of First Franklin Corporation Cincinnati , Ohio - Cheviot Financial Corp . ( NASDAQ : CHEV ) , the parent company of Cheviot Savings Bank , today announced that it has completed its acquisition of First Franklin Corporation ( NASDAQ : FFHS ) , the Blue Ash - based parent company of The Franklin Savings and Loan Company . Under the terms of the agreement , stockholders of First Franklin are entitled to receive $ 14.50 in cash for each share they hold . " We ' re proud to welcome the Franklin customers and employees to continue the banking tradition that Cheviot Savings Bank has established for over a century . " said Thomas J . Linneman , President and CEO of Cheviot Financial and Cheviot Savings Bank . As a result of the acquisition , Cheviot Savings Bank now has 12 branch offices and its asset size has increased by approximately $ 250 million to over $ 600 million . For more information about Cheviot Savings Bank , please visit Cheviot Savings Bank 's website at www.cheviotsavings.com . # # #
O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O B-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O B-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O