---
schema_version: "secwatch.filing_event.v1"
accession: "0000714562-23-000042"
form_type: "8-K"
ticker: "THFF"
cik: "0000714562"
company_name: "FIRST FINANCIAL CORP /IN/"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:52:02.683915+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Financial Corp to acquire SimplyBank for $73.4M cash, expanding into TN and GA markets

## Summary
- Aggregate value $73.4M; $718.38 per share in cash consideration.
- SimplyBank has ~$702M in assets and operates 13 branches across Tennessee and Georgia.
- Combined company assets ~$5.5B; transaction expected to close in Q2 2024 subject to regulatory and shareholder approvals.
- SimplyBank will merge into First Financial Bank, N.A., a wholly owned subsidiary of First Financial Corp.
- Transaction unanimously approved by boards of both companies; Piper Sandler and Raymond James acted as advisors.

## SEC filing metadata
- accession: 0000714562-23-000042
- form_type: 8-K
- ticker: THFF
- cik: 0000714562
- company_name: FIRST FINANCIAL CORP /IN/
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714562/000071456223000042/0000714562-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714562/000071456223000042/tmb-20231113x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714562-23-000042
- JSON: https://secwatch.observer/filing/0000714562-23-000042.json
- Plain text: https://secwatch.observer/filing/0000714562-23-000042.txt

## Key facts
- Material Agreements
  FIRST FINANCIAL CORP /IN/ entered into Agreement and Plan of Reorganization with SimplyBank, a Tennessee-chartered commercial bank valued at aggregate value of $73.4 million; $718.38 per share in cash; termination fee of $2.9 million (effective 2023-11-13).
  - Action: entry
  - Agreement: merger
  - Counterparty: SimplyBank, a Tennessee-chartered commercial bank
  - Value: aggregate value of $73.4 million; $718.38 per share in cash; termination fee of $2.9 million
  - Effective: 2023-11-13
  source text: On November 13, 2023, First Financial Corporation, an Indiana corporation ("FFC"), First Financial Bank, National Association, a national banking association and wholly-owned subsidiary of FFC (“First Financial Bank”), and SimplyBank., a Tennessee-chartered commercial bank (“SimplyBank”), entered into an Agreement and Plan of Reorganization (the "Merger Agreement").
  evidence_url: https://www.sec.gov/Archives/edgar/data/714562/000071456223000042/0000714562-23-000042-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.