First Financial in Indiana to buy First Illinois Corp.
The $6.2 billion-asset First Financial said in a press release that it will pay $111.3 million in cash and stock for the parent of the $717 million-asset Hickory Point Bank. The post First Financial in Indiana to buy First Illinois Corp. appeared first on ABA Banking Journal .
The $6.2 billion-asset First Financial said in a press release that it will pay $111.3 million in cash and stock for the parent of the $717 million-asset Hickory Point Bank. The post First Financial in Indiana to buy First Illinois Corp. appeared first on ABA Banking Journal .
BELLINGS Intelligence Score: 25
Why it matters
This acquisition of a $717 million-asset bank by a $6.2 billion-asset institution is a notable regional banking consolidation but represents routine market activity with limited systemic impact or novelty.
Sources
ABA Banking Journal
First Financial in Indiana to buy First Illinois Corp.
The $6.2 billion-asset First Financial said in a press release that it will pay $111.3 million in cash and stock for the parent of the $717 million-asset Hickory Point Bank. The post First Financial in Indiana to buy First Illinois Corp. appeared first on ABA Banking Journal .