First Defiance Financial Corp. Acquires Payak-Dubbs Insurance Agency

First Defiance Financial Corp. FDEF announced today that its subsidiary, First Insurance & Investments, Inc., has acquired the business of Payak-Dubbs Insurance Agency, Inc., an independent property and casualty insurance agency with two office locations based in Maumee and Oregon, Ohio. The acquisition adds to the company's community financial services platform in northwest Ohio, southeast Michigan and northeast Indiana, which includes 33 First Federal Bank of the Midwest locations as well as the First Insurance & Investments offices in Defiance, Bowling Green, Bryan and Archbold. This acquisition expands First Insurance & Investments' presence into adjacent markets and supports the company's overall growth strategy. "Payak-Dubbs has a strong community presence in both Maumee and Oregon," stated William J. Small, Chairman, President and CEO of First Defiance. "It has a solid base of clients that will be a good complement to our existing franchise. In addition, we believe that First Insurance's reputation of client service, combined with the additional resources we can offer, will benefit individual and business clients in the greater Toledo area."