Short answer
FIRST FINANCIAL CORP /IN/ (THFF) filed an 8-K current report with the SEC on August 27, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 7.01 (Regulation FD Disclosure). FFC agreed to acquire First Illinois for approximately $111.3 million, combining its banking subsidiary with Hickory Point Bank and Trust.
FIRST FINANCIAL CORP /IN/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- FFC agreed to acquire First Illinois for approximately $111.3 million, combining its banking subsidiary with Hickory Point Bank and Trust
- Consideration split 70% FFC stock at 0.5727 shares per target share and 30% cash at $44.35 per share
- First Illinois shareholders expected to own approximately 8% of the combined company after closing
- Consideration subject to dollar-for-dollar reduction below $82,437,826 in adjusted shareholders’ equity
- Fourth-quarter 2026 closing requires shareholder and regulatory approvals, with a $4.4 million termination fee under specified circumstances
Item 7.01 · Regulation FD Disclosure
- Proposed merger with First Illinois remains subject to shareholder approval, regulatory clearances, and other closing conditions
- Integration delays, higher-than-expected costs, litigation, and employee retention risks could reduce or eliminate anticipated merger benefits
- FFC plans to file Form S-4 registration statement and First Illinois proxy statement/prospectus for transaction details
- Investors should await definitive merger materials before assessing consideration, dilution, timing, and pro forma financial impact
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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