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OTCQX: FFMR
Market Value
($M)293.94
Change
$0.00 - 0.00%
Volume
0
Stock Quote
$ 82.00
As of May 25, 2018 Close
Minimum 20 minute delay.

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
First Farmers Financial Corporation
Actual Acquirer:
First Farmers Bank & Trust
Target:
Bank of Indiana, National Association
Deal Type:
Bank & Thrift Company
Agreement Date:
4/5/2013
Announcement Date:
4/9/2013
Announced Deal Value ($ M):
NA
Status:
Completed
Completion Date:
10/25/2013
Announced Deal Value Per Share ($ )
NA

Deal Terms
Description of Consideration

The terms of the deal were not disclosed. First Farmers Financial Corp. will expand in Starke County, Ind., by two branches to be ranked second with a 27.90% share of approximately $247.8 million in total market deposits, enter Johnson County, Ind., with one branch to be ranked No. 15 with a 2.25% share of approximately $1.70 billion in total market deposits, and will enter Vermillion County, Ind., with one branch to be ranked third with a 17.93% share of approximately $218.68 million in total market deposits.

Accounting Method Acquisition
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Partial Overlap
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 250.00
Minimum Termination Fee ($ 000) 0
Exchange Ratio (Common For Common) NA
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes ProBank Austin
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Hunton Andrews Kurth LLP
Seller Yes Frost Brown Todd LLC
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