Old Second bank to buy 5 branches from First Merchants [Seeking Alpha]
First Merchants Corporation (FRME)
Last first merchants corporation earnings: 4/23 08:00 am
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US:NASDAQ Investor Relations:
firstmerchants.com/news/2017/07/17/general/first-merchants-corporation-completes-its-merger-with-independent-alliance-banks-inc.
Company Research
Source: Seeking Alpha
branch related loans and deposits, their parent companies said on Tuesday in a joint statement. Old Second anticipates assuming about $304M in deposits and purchasing approximately $12M in branch-related loans from the acquisition. Old Second will pay a deposit premium of 7.5%, or $23M, in cash consideration to First Merchants. The branches to be acquired by Old Second will operate as First Merchants branches until closing and will be rebranded as Old Second branches immediately upon closing of the transaction. The closing is expected to occur near year-end 2024. Recommended For You More Trending News Recommended For You More Trending News About OSBC Stock Related Stocks Trending Analysis Trending News
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News
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- First Merchants Corporation Announces Cash DividendGlobeNewswire
- First Merchants Co. (NASDAQ: FRME) had its price target lowered by analysts at Piper Sandler from $50.00 to $47.00. They now have an "overweight" rating on the stock.MarketBeat
- First Merchants Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- First Merchants (FRME) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
FRME
Earnings
- 10/24/24 - Beat
FRME
Analyst Actions
- 8/28/24 - Keefe, Bruyette & Woods
FRME
Sec Filings
- 11/20/24 - Form 4
- 11/15/24 - Form 4
- 11/13/24 - Form 8-K
- FRME's page on the SEC website