M&A Deal Summary

German American Bank Acquires First Security

On May 22, 2018, German American Bank acquired financial services company First Security for 101M USD

Acquisition Highlights
  • This is German American Bank’s 13th transaction in the Financial Services sector.
  • This is German American Bank’s largest (disclosed) transaction.
  • This is German American Bank’s 19th transaction in the United States.
  • This is German American Bank’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2018-05-22
Target First Security
Sector Financial Services
Buyer(s) German American Bank
Deal Type Merger
Deal Value 101M USD
Advisor(s) Raymond James - Investment Banking (Financial)
Frost Brown Todd (Legal)

Target

First Security

Owensboro, Kentucky, United States
website
First Security, Inc., based in Owensboro, Kentucky operates 11 retail banking offices through its wholly-owned subsidiary, First Security Bank, Inc., with retail banking offices in Owensboro, Bowling Green, Franklin and Lexington, Kentucky and in Evansville and Newburgh, Indiana.

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Buyer(S) 1

Buyer

German American Bank

Jasper, Indiana, United States

website

Category Company
Founded 1910
Sector Financial Services
Employees776
Revenue 260M USD (2022)
DESCRIPTION

German American Bank is a financial service provider specializes in banking, insurance, and investments for business and retail customers. German American Bank was founded in 1910 and is based in Jasper, Indiana.

DEAL STATS #
Overall 19 of 20
Sector (Financial Services) 13 of 14
Type (Merger) 2 of 3
State (Kentucky) 1 of 2
Country (United States) 19 of 20
Year (2018) 1 of 1
Size (of disclosed) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 River Valley Bancorp.

Madison, Indiana, United States

River Valley Bancorp. is a provider of financial services.

Buy $84M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 Citizens First

Bowling Green, Kentucky, United States

Citizens First Corp. is the provider of quality financial services to people, businesses and organizations while developing lasting partnerships with each of our customers through responsive, flexible and distinguished personal service. The Company has branch offices located in Barren, Hart, Simpson and Warren Counties in Kentucky, and a loan production office in Williamson County, Tennessee. At December 31, 2018, Citizens First reported total assets of approximately $476 million, total loans of approximately $372 million, and total deposits of approximately $389 million.

Buy $68M
Mergr

Product

Company

Legal