Miami Savings Bank to Acquire
New Foundation Savings Bank
February 2, 2026
(Miamitown, OH) Miami Savings Bank (“Miami Savings”), headquartered in Miamitown, Ohio, and New Foundation Savings Bank Corp. (“New Foundation”), based in Cincinnati, Ohio, have jointly announced the signing of an Agreement of Merger which provides for the merger of New Foundation with and into Miami Savings. The transaction, which is subject to member and regulatory approval, is anticipated to be completed in the second quarter of 2026.
Established in 1890, New Foundation is a mutual state bank with total assets of approximately $18 million. It serves the Cincinnati, Ohio market through its sole office in Cincinnati. Miami Savings, also a mutual state bank, was formed in 1909, with offices in Miamitown, Oxford and Harrison, Ohio. After the completion of the merger, Miami Savings will have total assets of approximately $151 million.
The boards and executives of both companies believe that the transaction will create a strong partnership, bringing together two compatible, community-oriented mutual institutions.
Derrick Taylor, President and CEO of Miami Savings Bank, stated, “We are thrilled to announce the agreement with New Foundation Savings Bank Corp. Both Miami Savings and New Foundation have a similar legacy of providing our communities in Hamilton and Butler Counties with excellent customer service for over 115 years. The combining of our two institutions will provide more benefits, financial products and opportunities for New Foundation’s customers. We are excited to welcome New Foundation’s employees and customers to Miami Savings!”
Rob Hoffman, President and CEO of New Foundation, stated, “It is difficult for a bank as small as New Foundation to thrive in such a competitive metropolitan area. We are excited to have this opportunity to merge into Miami Savings, a bank which shares our values and commitment to excellent customer service. This merger will only enhance the products, services and opportunities available to our customers as well as our employees.”
Following 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.
Miami Savings Bank is being advised by Vorys, Sater, Seymour and Pease LLP. New Foundation Savings Bank Corp. is being advised by Dinsmore & Shohl LLP.
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. The Bank continually strives to provide excellent customer service and provides an array of services for all personal and business banking needs including checking, savings, online banking, personal lending, business lending and IRAs. For more information, please visit www.miamisavings.bank.
About New Foundation Savings Bank
New Foundation Savings Bank is a mutual state bank chartered in 1890 with its only office located in Colerain Township, Ohio. It is the goal of each employee to greet every customer by name and develop that relationship to identify opportunities to better serve their individual needs. The bank offers an array of services for all personal and limited business banking needs including checking, savings, online banking, personal lending, business lending and IRAs. For more information, please visit www.newfoundationsavingsbank.com.
Media Contact:
Derrick Taylor | President & CEO
Miami Savings Bank
513.353.1339
Robert R. Hoffman | President
New Foundation Savings Bank
513.729.0100
