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 Hickory Point Bank with First Financial Bank.
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 Hickory Point Bank with First Financial Bank
- Consideration mix: 70% FFC shares at 0.5727 shares per First Illinois share and 30% cash at $44.35 per share
- First Illinois shareholders expected to own approximately 8% of the combined company after closing
- Closing targeted for fourth quarter 2026, pending shareholder and regulatory approvals
- Consideration subject to dollar-for-dollar reduction if adjusted equity falls below $82,437,826; $4.4 million termination fee applies in certain circumstances
Item 7.01 · Regulation FD Disclosure
- Proposed merger with First Illinois remains subject to stockholder approval, regulatory clearances, and other closing conditions
- Key risks include delayed or costly integration, management distraction, employee retention challenges, and potential litigation
- FFC will file an S-4 registration statement containing First Illinois’ proxy statement and FFC prospectus
- Investors should rely on the forthcoming proxy/prospectus for merger terms, risks, and participant interests before voting
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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