trending Market Intelligence /marketintelligence/en/news-insights/trending/0dtueavqkh5arj_wgmvymg2 content esgSubNav
In This List

In branch deal, German American Bancorp to pay $8M premium for deposits

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


In branch deal, German American Bancorp to pay $8M premium for deposits

German American Bancorp Inc.'s pending acquisition of five MainSource Financial Group Inc. branches will involve an estimated $160 million in deposits and $134 million in loans.

The Jasper, Ind.-based buyer expects to pay an $8 million premium for the deposits and has no plans to shutter any branches. It also expects to complete the deal on or about May 18.

Greensburg, Ind.-based MainSource is selling the five sites to resolve the U.S. Justice Department's competitive concerns with regard to its merger with Cincinnati-based First Financial Bancorp.