Feb 20, 2007 – First Defiance Financial Corp. to acquire Bowling Green, OH insurance agency

NEWS RELEASE
Contact: William J. Small
Chairman, President and CEO
(419) 782-5015
bsmall@first-fed.com

First Defiance Financial Corp. To Acquire Bowling Green
Insurance Agency
To be merged into First Insurance & Investments Subsidiary
DEFIANCE, OHIO (February 20, 2007)

First Defiance Financial Corp. (NASDAQ: FDEF)
announced today that it has signed an agreement to acquire Huber, Harger, Welt &
Smith Insurance Agency, Inc., an independent property and casualty insurance agency
with one office location based in Bowling Green, Ohio. The acquisition is expected to be
effective February 28, 2007. The agency will be merged into First Defianceís insurance
subsidiary, First Insurance & Investments.
First Defiance Chairman, President and CEO William J. Small said the acquisition adds
to the company’s community financial services platform in northwest Ohio, which
includes 26 First Federal Bank locations as well as the First Insurance & Investments
office in Defiance. This acquisition expands First Insurance & Investments’ presence
into adjacent markets and supports the company’s overall growth strategy.
“Huber, Harger, Welt & Smith has been an integral part of the Bowling Green
community for more than 100 years,” stated Small. “It has a solid base of customers
that will be a good complement to our existing franchise. In addition, we believe that
First Insurance’s reputation of customer service combined with the additional resources
we can offer will benefit individual and business customers in Bowling Green. We look
forward to working with the staff and customers of Huber, Harger, Welt & Smith for a
seamless transition.”

NEWS RELEASE
Contact: William J. Small
Chairman, President and CEO
(419) 782-5015
bsmall@first-fed.com
“First Insurance & Investments is an ideal partner for us,” said Jeffrey Smith of Huber,
Harger, Welt & Smith. “We are excited about the opportunities for our combined
company to expand product offerings to our existing customers, and extend our reach to
other communities in northwest Ohio.”
“We expect to quickly integrate the agency into First Insurance & Investments with no
disruption to clients,” said Steve Grosenbacher, President of First Insurance &
Investments, who will lead the combined agency. “Our computer systems are identical
and our carriers are comparable, so customers’ coverage, statements and invoices will
be unaffected. And most importantly, the agents and staff will remain in place in the
same office.”
First Insurance & Investments was counseled by Mystic Capital Advisors Group, LLC, a
leading advisor to insurance firms.
About First Defiance Financial Corp.
First Defiance Financial Corp., headquartered in Defiance, Ohio, is the holding company for First
Federal Bank of the Midwest and First Insurance & Investments. First Federal operates 26 full
service branches and 36 ATM locations in northwest Ohio. First Insurance & Investments is the
largest property and casualty insurance agency in the Defiance, Ohio area and it also specializes
in life and group health insurance and financial planning.
For more information, visit the company’s Web site at www.fdef.com.
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