Cheviot Financial Corp. to Acquire First Franklin Corporation at $14.50 per Share

Cheviot Financial Corp. CHEV today announced that it has entered into an agreement to purchase First Franklin Corporation FFHS. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, stockholders of First Franklin will be entitled to receive $14.50 in cash for each share they hold. The deal will double Cheviot Savings Bank's branch network and increase its asset size by approximately $250 million to over $600 million.