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SB FINANCIAL GROUP, INC. (SBFG) is the subject of an amended Schedule 13G filing (Amendment No. 2) reporting beneficial ownership of its common stock by a group led by Strategic Value Investors, LP. The group, which includes Strategic Value Bank Partners LLC, Strategic Value Private Partners LLC, Ben Mackovak, and Marty Adams, reports beneficial ownership of 243,628 shares of SBFG common stock, representing 3.9% of the class. The group reports no sole voting or dispositive power, and shared voting and shared dispositive power over 243,628 shares of common stock.
Key Figures
Shares beneficially owned:243,628 sharesPercent of class owned:3.9%Shared voting power:243,628 shares+3 more
6 metrics
Shares beneficially owned243,628 sharesCommon Stock of SB FINANCIAL GROUP, INC. reported as beneficially owned by the group
Percent of class owned3.9%Percentage of SB FINANCIAL GROUP, INC. common stock beneficially owned by the reporting group
Shared voting power243,628 sharesNumber of SBFG common shares over which the group has shared voting power
Sole voting power0 sharesNumber of SBFG common shares over which the group has sole voting power
Shared dispositive power243,628 sharesNumber of SBFG common shares over which the group has shared dispositive power
Sole dispositive power0 sharesNumber of SBFG common shares over which the group has sole dispositive power
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting powerfinancial
"6 | Shared Voting Power 243,628.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"8 | Shared Dispositive Power 243,628.00"
Schedule 13Gregulatory
"If a group has filed this schedule pursuant to 1(c) or 1(d)"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of SB FINANCIAL GROUP, INC. (SBFG) does Strategic Value Investors report owning?
The reporting group discloses beneficial ownership of 3.9% of SB FINANCIAL GROUP, INC. common stock. This corresponds to 243,628 shares, held with shared voting and shared dispositive power among the group members.
How many SBFG shares does the Strategic Value Investors group beneficially own?
The group reports beneficial ownership of 243,628 shares of SB FINANCIAL GROUP, INC. common stock. All of these shares are reported with shared voting and shared dispositive power and no sole voting or dispositive power.
Who are the reporting persons in this Schedule 13G/A for SBFG?
Reporting persons include Strategic Value Investors, LP, Strategic Value Bank Partners LLC, Strategic Value Private Partners LLC, and individuals Ben Mackovak and Marty Adams, who are associated with the general partner entities referenced in the filing.
What type of security of SB FINANCIAL GROUP, INC. is covered by this Schedule 13G/A?
The filing covers Common Stock, no par value, of SB FINANCIAL GROUP, INC., identified by CUSIP number 78408D105. The reported ownership and voting/dispositive powers all relate to this class of common stock.
Does the Strategic Value Investors group have sole or shared voting power over SBFG shares?
The group reports 0 shares with sole voting power and 243,628 shares with shared voting power. It likewise reports 0 shares with sole dispositive power and 243,628 shares with shared dispositive power.
Where is SB FINANCIAL GROUP, INC. headquartered according to this filing?
SB FINANCIAL GROUP, INC. lists its principal executive offices at 401 Clinton St, Defiance, Ohio 43512. This address identifies the corporate headquarters location referenced in the ownership disclosure.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
SB FINANCIAL GROUP, INC.
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
78408D105
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
78408D105
1
Names of Reporting Persons
Strategic Value Investors LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
243,628.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
243,628.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
243,628.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.9 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
78408D105
1
Names of Reporting Persons
Ben Mackovak
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
OHIO
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
243,628.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
243,628.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
243,628.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.9 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP Number(s):
78408D105
1
Names of Reporting Persons
Marty Adams
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
OHIO
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
243,628.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
243,628.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
243,628.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.9 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP Number(s):
78408D105
1
Names of Reporting Persons
STRATEGIC VALUE BANK PARTNERS LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
OHIO
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
243,628.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
243,628.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
243,628.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.9 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
78408D105
1
Names of Reporting Persons
Strategic Value Private Partners LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
OHIO
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
243,628.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
243,628.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
243,628.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.9 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: General Partner of Strategic Value Investors LP
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
SB FINANCIAL GROUP, INC.
(b)
Address of issuer's principal executive offices:
401 CLINTON ST, DEFIANCE, OHIO, 43512.
Item 2.
(a)
Name of person filing:
Strategic Value Investors, LP is a Delaware limited partnership.
Ben Mackovak (Mackovak), who serves as a managing member of Strategic Value Bank Partners LLC
Marty Adams (Adams), who serves as a managing member of Strategic Value Bank Partners LLC
Strategic Value Private Partners LLC, an Ohio Limited Liability company, which serves as the general partner of Strategic Value Private Investors, LP.
Strategic Value Bank Partners LLC, an Ohio Limited Liability company, which serves as the general partner of Strategic Value Investors, LP.
(b)
Address or principal business office or, if none, residence:
127 Public Square - Suite 1510, Cleveland, Ohio 44114
(c)
Citizenship:
Strategic Value Investors is organized under the laws of the State of Delaware.
Strategic Value Bank Partners LLC and Strategic Value Private Partners LLC are organized under the laws of the State of Ohio.
Each of Messrs. Mackovak and Adams is a citizen of the United States of America.
(d)
Title of class of securities:
Common Stock, no par value
(e)
CUSIP No.:
78408D105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
243628
(b)
Percent of class:
3.9 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
243628
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
243628
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Item 2.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
