First Niles Financial, Inc. (OTCPK:FNFI) signed a definitive stock purchase agreement to acquire Union Capital Mortgage Corporation on December 23, 2019. The transaction is a cash and stock transaction. Upon completion of the transaction, Union Capital will become a wholly-owned subsidiary of Home Federal. The transaction is subject to customary regulatory approval and other closing conditions. The agreement has been approved by the board of directors of each company. The transaction is expected to occur in the first quarter of 2020. We expect the acquisition to be accretive to earnings per share immediately. First Niles Financial, Inc. (OTCPK:FNFI) cancelled the acquisition of Union Capital Mortgage Corporation on December 23, 2020.