secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K
Filed at:   2026-08-27T17:49:04+00:00
Accession:  0000714562-26-000056
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Financial signs $111.3M merger with First Illinois; adds Hickory Point Bank
--------------------------------------------------------------------------------

- Deal value ~$111.3M; per-share consideration: 0.5727 THFF shares or $44.35 cash, 70% stock/30% cash.
- Implied price $45.00/share based on THFF close $79.07 on 8/26/26; First Illinois holders to own ~8% of combined.
- Hickory Point Bank (8 branches in Decatur, Springfield, Champaign) has $717M assets, $438M loans, $627M deposits as of 6/30/26.
- Combined company: ~$6.9B assets, $4.9B loans, $5.5B deposits; expected close Q4 2026 subject to regulatory and shareholder approvals.
- Termination fee $4.4M; First Illinois directors have voting agreements to support merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456226000056/0000714562-26-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456226000056/thff-20260826x8k.htm
  HTML page:      https://secwatch.observer/filing/0000714562-26-000056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer