secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K/A
Filed at:   2026-08-27T20:01:51+00:00
Accession:  0000714562-26-000059
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Financial to acquire First Illinois for ~$111.3M; adds Hickory Point Bank in central Illinois
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- First Illinois shareholders get 0.5727 THFF shares or $44.35 cash per share; 70% stock/30% cash; implied price $45.00.
- Transaction value ~$111.3M based on THFF close of $79.07 on Aug 26, 2026; expected to close Q4 2026.
- Hickory Point Bank adds 8 branches in Decatur, Springfield, Champaign; $717M assets, $438M loans, $627M deposits (6/30/26).
- Combined company: ~$6.9B total assets, $4.9B loans, $5.5B deposits; First Illinois holders to own ~8%.
- Termination fee of $4.4M payable by First Illinois under certain circumstances; directors signed voting agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456226000059/0000714562-26-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456226000059/thff-20260826x8ka.htm
  HTML page:      https://secwatch.observer/filing/0000714562-26-000059

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