Springfield bank gets new owner

A privately-owned bank based in Central Ohio recently announced plans to buy Home City Federal Savings Bank in Springfield as part of a roughly $32 million deal.

Richwood Bancshares, Inc. the holding company for the Richwood Banking Company, said it has signed a merger agreement in which it will acquire all of Home City’s assets in an all-cash transaction. Home City, incorporated in 1996, has two locations in Springfield and 27 employees. Those workers will all remain with the company, said Heather Wirtz, chief experience officer for the Richwood Banking Company.