First Merchants Corporation (FRME) Signs Definitive Agreement to Acquire Lincoln Bancorp
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- First Merchants Corporation (FRME) Signs Definitive Agreement to Acquire Lincoln Bancorp
- Lincoln Bancorp (LNCB) to Merge Into First Merchants (FRME)
First Merchants Corporation (NASDAQ: FRME) and Lincoln Bancorp (NASDAQ: LNCB) announced they have executed a definitive agreement for First Merchants Corporation to acquire Lincoln Bancorp through a merger of Lincoln into First Merchants.
First Merchants ($3.8 billion) and Lincoln ($890 million) will have combined assets of $4.7 billion and create the largest financial holding company based in Central Indiana. The combined company will have eighty-two banking offices in twenty-three Indiana and three Ohio counties, a trust company with assets under management in excess of $1.7 billion, and a multi-line insurance agency.
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