DEFIANCE, Ohio _ First Defiance Financial Corp. on Monday reported second-quarter profit of $7.3 million. The holding company for First Federal Bank of the Midwest posted revenue of $28 million in the period. Keywords: First Defiance Financial, Earnings Report.
With narrowing margins and a growing regulatory burden, there are many reasons for small banks to throw in the towel and sell to competitors.
Prospective bank buyers are outweighing sellers, signaling that after a big lull in U.S. bank M&A last year, the market may revive in 2012.