Vorys Represents Miami Savings Bank in Pending Acquisition of New Foundation Savings Bank

Vorys is representing Miami Savings Bank (Miami Savings) in its acquisition-by-merger of New Foundation Savings Bank Corp. (New Foundation) that was announced on February 2, 2026. 

The transaction will result in Miami Savings holding assets totaling approximately $151 million.  Following the completion of the merger, depositors of New Foundation will become depositors of Miami Savings and all loans made by New Foundation will become loans of Miami Savings.

The transaction is expected to close during the second quarter of 2026, subject to member and regulatory approval.

About Vorys: Vorys was established in 1909 and currently has nearly 375 attorneys in 10 offices in Ohio, Washington, D.C., Texas, Pennsylvania, California, London and Berlin.  Vorys currently ranks as one of the 200 largest law firms in the United States according to American Lawyer magazine.  Click here to learn more about Vorys’ financial institutions practice.

About Miami Savings Bank: Miami Savings Bank is a mutual state bank and is headquartered in Miamitown, Ohio and has been in operation since 1909.  A financial institution with a long tradition for building strong relationships with customers and communities, the Bank offers convenient banking locations in Miamitown, Harrison and Oxford.