Indiana’s First Financial to buy Illinois bank for $111.3M
Acquiring Hickory Point Bank and Trust will give the Hoosier State lender eight added branches in central Illinois and boost its asset total to $6.9 billion.
Acquiring Hickory Point Bank and Trust will give the Hoosier State lender eight added branches in central Illinois and boost its asset total to $6.9 billion.
BELLINGS Intelligence Score: 18
Why it matters
This is a routine regional bank acquisition that modestly expands Indiana’s First Financial’s footprint and assets but does not materially alter market structure or credit conditions.
Sources
Banking Dive
Indiana’s First Financial to buy Illinois bank for $111.3M
Acquiring Hickory Point Bank and Trust will give the Hoosier State lender eight added branches in central Illinois and boost its asset total to $6.9 billion.