secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0000714562-23-000042
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456223000042/0000714562-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456223000042/tmb-20231113x8k.htm
  HTML page:      https://secwatch.observer/filing/0000714562-23-000042

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