M&A Deal Summary

MutualFirst Financial Acquires Fidelity Federal Savings Bank

On September 20, 2005, MutualFirst Financial acquired financial services company Fidelity Federal Savings Bank from First Financial Bank for 20M USD

Acquisition Highlights
  • This is MutualFirst Financial’s 1st transaction in the Financial Services sector.
  • This is MutualFirst Financial’s largest (disclosed) transaction.
  • This is MutualFirst Financial’s 1st transaction in the United States.
  • This is MutualFirst Financial’s 1st transaction in Indiana.

M&A Deal Summary
Date 2005-09-20
Target Fidelity Federal Savings Bank
Sector Financial Services
Buyer(s) MutualFirst Financial
Sellers(s) First Financial Bank
Deal Type Divestiture
Deal Value 20M USD

Target

Fidelity Federal Savings Bank

Marion, Indiana, United States
Fidelity Federal Savings Bank is a savings institution that offers banking services and products.

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Buyer(S) 1

Buyer

MutualFirst Financial

Warren, Pennsylvania, United States
Category Company
Sector Financial Services
Revenue 87M USD (2019)
DESCRIPTION

MutualFirst Financial is a holding company for MutualBank and provides a full range of financial services including business banking, wealth management, trust services, investments, and internet banking services.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

First Financial Bank

Cincinnati, Ohio, United States
Category Company
Founded 1863
Sector Financial Services
Employees2,108
Revenue 709M USD (2022)
DESCRIPTION

First Financial Bank is a mid-sized, regional bank holding company. First Financial engages in the business of commercial banking and other banking and banking-related activities through its wholly owned subsidiary, First Financial Bank. The range of banking services provided by First Financial to individuals and businesses includes commercial lending, real estate lending, and consumer financing. In addition, a full range of trust and wealth management services is also provided through First Financial’s Wealth Management division. First Financial Bank was incorporated in 1863 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 2
Type (Divestiture) 1 of 3
State (Indiana) 1 of 1
Country (United States) 1 of 3
Year (2005) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-11 First Financial Bancorp - Merchant Service Portfolio

United States

First Financial Bancorp Merchant Service Portfolio is engaged in the merchant payment processing software.

Sell -
Mergr

Product

Company

Legal