Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Indiana United Bancorp
Actual Acquirer:
Capstone Bank NA
Target:
3 Branches
Deal Type:
Bank & Thrift Branch
Seller:
Old National Bancorp
Agreement Date:
2/25/2002
Announcement Date:
2/25/2002
Number of Target Branches
3
Branch Locations
Hoopeston
IL
Potomac
IL
Rankin
IL
Franchise Premium ($ 000)
1,300
Tangible Book Premium/ Deposits (%)
4.13
Status:
Completed
Completion Date:
7/26/2002

Deal Terms
Description of Consideration

NA

Financials
Deposits ($ 000) 31,500
Total Assets ($ 000) 30,200
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Hovde Financial Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes David W. Harper PC
Seller Yes Krieg DeVault LLP