German American completes First Security acquisition

From Local Sources

JASPER — German American Bancorp Inc. has completed its previously announced acquisition of First Security Inc., the parent company of First Security Bank Inc. of Owensboro, Kentucky, effective today.

Immediately following the merger of First Security Inc. into German American Bancorp Inc., First Security Bank Inc. merged with and into German American’s banking subsidiary, German American Bank.

First Security’s common shareholders of record will be entitled to receive 0.7982 shares of German American common stock and a cash payment of $12 for each of their former shares of First Security common stock, subject to their surrender of the old First Security shares to the exchange agent designated by German American. Instructions and forms to accomplish that surrender and exchange process are being mailed by the exchange agent to each of First Security’s shareholders of record as of today.

To learn more, visit

More on