M&A Deal Summary

German American Bank Acquires Stone City Bancshares

On January 2, 2006, German American Bank acquired financial services company Stone City Bancshares for 11M USD

Acquisition Highlights
  • This is German American Bank’s 9th transaction in the Financial Services sector.
  • This is German American Bank’s 10th largest (disclosed) transaction.
  • This is German American Bank’s 14th transaction in the United States.
  • This is German American Bank’s 11th transaction in Indiana.

M&A Deal Summary

Date 2006-01-02
Target Stone City Bancshares
Sector Financial Services
Buyer(s) German American Bank
Deal Type Add-on Acquisition
Deal Value 11M USD

Target

Stone City Bancshares

Bedford,, Indiana, United States
Stone City Bancshares, Inc. provides corporate and small business banking, treasury management, personal banking, investment services.

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Buyer(S) 1

Buyer

German American Bank

Jasper, Indiana, United States

Category Company
Founded 1910
Sector Financial Services
Employees840
Revenue 251M USD (2023)
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 14 of 21
Sector (Financial Services) 9 of 15
Type (Add-on Acquisition) 14 of 17
State (Indiana) 11 of 15
Country (United States) 14 of 21
Year (2006) 1 of 2
Size (of disclosed) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-03 PCB Holding

Tell City,, Indiana, United States

PCB Holding Co., operates as a savings association, specializing in single-family residential mortgage lending and savings deposits. Company operates as the holding company of Peoples Community Bank (the Bank).

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-02 Keach & Grove Insurance

Bedford,, Indiana, United States

Keach & Grove Insurance, Inc. is a provider of insurance services and products for commercial and Individuals.

Buy $2M