United Bancshares Inc. (UBSI) has obtained the requisite regulatory approvals to acquire Piedmont Bancorp, Inc. ("Piedmont"). The transaction is anticipated to be completed in early 2025, with system integration expected to be completed by late first-quarter 2025, subject to customary closing requirements.UBSI’s Piedmont Acquisition DetailsUnited Bancshares announced the acquisition of Piedmont this May in an all-stock transaction valued at $267 million. Also, a one-time pre-tax merger expense of $27.6 mill ...