FIRST MERCHANTS CORPORATION (NASDAQ:FRME) Files An 8-K Other EventsItem 8.01.Other Events.
to the Agreement and Plan of Reorganization and Merger entered into by and between First Merchants Corporation (“First Merchants”) and Independent Alliance Banks, Inc. (“IALB”) on February 17, 2017 (the “Merger Agreement”), First Merchants filed Articles of Merger with the Secretary of State of Indiana to complete its previously announced acquisition of IALB through the merger of IALB with and into First Merchants (the “Merger”), effective as of 5:00 p.m. (Eastern) on July 14, 2017.
As of the effective time of the Merger, each share of outstanding IALB common stock was converted into the right to receive 1.6530 shares of First Merchants common stock.
Immediately following the Merger, iAB Financial Bank, a wholly-owned subsidiary of IALB, merged with and into First Merchants Bank, a wholly-owned subsidiary of First Merchants, with First Merchants Bank surviving the merger and continuing its corporate existence.
The foregoing description of the mergers does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, which is incorporated herein by reference as Exhibit 2.1.
Item 8.01.Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.Description of Exhibit.
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2.1 |
Agreement and Plan of Reorganization and Merger by and between First Merchants Corporation and Independent Alliance Banks, Inc., dated as of February 17, 2017 (attached as Exhibit 2.1 to First Merchants Corporation’s Form 8-K filed on February 17, 2017 and incorporated herein by reference). |
About FIRST MERCHANTS CORPORATION (NASDAQ:FRME)
First Merchants Corporation is a financial holding Company. The Company has a bank charter, First Merchants Bank, National Association (the Bank), which is opened for business in Muncie, Indiana. The Bank also operates Lafayette Bank and Trust, Ameriana Bank, Ameriana Financial Services and First Merchants Trust Company as divisions of First Merchants Bank, N.A. The Bank includes approximately 120 banking locations in approximately 30 Indiana, over two Illinois and over two Ohio counties. Its delivery channels include automated teller machines, check cards, interactive voice response systems and Internet technology. The Company, through the Bank, offers a range of financial services, including accepting time deposits, savings and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans; providing personal and corporate trust services; providing full-service brokerage, and providing other corporate services, letters of credit and repurchase agreements.
