FFBT has purchase deal with Bank of Indiana

First Farmers Bank and Trust will purchase a significant portion of assets and the assumption of deposit liabilities of Bank of Indiana, N.A., according to an agreement announced April 9 by First Farmers Financial Corporation and Indiana Bank Corp.

The transaction, which is subject to regulatory approval, is expected to close by the third quarter of 2013.
First Farmers Bank and Trust is based in Converse and operates a banking location in Huntington as well as 23 other locations in Indiana and Illinois.

Bank of Indiana currently operates four bank locations in Dana, Bargersville, North Judson and Hamlet.