Business

At the annual shareholders’ meeting held on April 13, 1995, The Marion Bank’s (“Bank”) shareholders approved a plan of reorganization whereby they would exchange their shares of Bank stock for the common stock of Ohio State Bancshares, Inc. (“OSB”), together referred to as the Corporation. OSB received approval from the Board of Governors of the Federal Reserve System during early 1996 and the reorganization was consummated on May 16, 1996. The principal business of OSB is presently to operate the Bank, which is a wholly-owned subsidiary and its principal asset. OSB and the main office of the Bank are located at 111 South...