First Capital to Acquire First Bancorp of Indiana for $33.2 Million
Bitget2026/11/05 13:36- First Capital will acquire First Bancorp of Indiana for approximately $33.2 million, expanding its presence across Southern Indiana and Western Kentucky.
- First Bancorp shareholders will receive 0.3075 shares of the buyer's common stock for each common share held.
- The valuation reflects the buyer's 20-day volume-weighted average closing price of $63.05 per share as of November 4, 2026.
- First Bancorp operates 10 offices through First Federal Savings Bank, with approximately $583 million in assets as of September 30, 2026.
- Completion is expected in the first half of 2027, subject to regulatory approvals and First Bancorp shareholder approval.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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