The banking centers, located in the Indiana communities of Carmel, Greensburg and Shelbyville transitioned to First Financial and opened as First Financial Bank banking centers.

Total deposits of $84.6 million assumed through the transaction include only checking, savings and money market accounts. Certificate of deposit accounts were excluded in order to comply with a request from the seller. Total deposits assumed are approximately $58.7 million less than the previous estimate of $143.3 million due primarily to the exclusion of the certificate of deposit accounts. Deposits were assumed at par. Clients with certificate of deposit accounts will be able to move their accounts to First Financial at maturity.

Total loans of $41.1 million acquired through this transaction were purchased at par and will add to the $145.1 million of loans that were acquired in these markets in a previous loan purchase that was completed in June 2009. Total loans acquired in these two transactions are $186.2 million and are primarily in the Indiana markets of Carmel, Greensburg, Shelbyville and Columbus.

According to First Financial, the purchase of these banking centers is a continuation of its plan to extend its reach into central and southeastern Indiana.

A service of YellowBrix, Inc.