This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

First Farmers Bank & Trust Acquires Bank Of Indiana

CONVERSE, Ind., April 9, 2013 /PRNewswire/ -- First Farmers Financial Corporation, and Indiana Bank Corp. have entered  into a Purchase and Assumption Agreement, dated April 5, 2013, which provides for the purchase of a significant portion of assets and the assumption of deposit liabilities of Bank of Indiana, N.A. by First Farmers Bank and Trust. First Farmers Bank and Trust currently operates 24 banking locations in Indiana and Illinois. Bank of Indiana currently operates 4 bank locations in Dana, Bargersville, North Judson, and Hamlet, Indiana. The transaction is expected to close by within the 3 rd quarter of 2013 and is subject to regulatory approval.

(Logo: )

Gene Miles, President and Chief Executive Officer of First Farmers Bank and Trust stated, "The operational focus and service market areas of Bank of Indiana fit very well into the market footprint of First Farmers Bank & Trust. Their core philosophy is analogous to ours as well with a significant focus on client communication and community bank values. Both organizations have demonstrated a long-term commitment and understanding to agricultural and commercial services with special attention given to individual customer care. The purchase and assumption of these types of operations into the First Farmers Bank and Trust organizational structure fits perfectly into the long-term strategic plan for the corporation."

First Farmers Bank & Trust is an independently held $1.1 billion asset financial service provider bank based in Converse, IN with over 475 stockholders and serving over 40,000 clients in the Midwest.


SOURCE First Farmers Financial Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs