secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CAPITAL INC (FCAP)
CIK:        0001070296
Form:       8-K
Filed at:   2026-11-05T13:30:30+00:00
Accession:  0001104659-26-123087
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

First Capital to acquire First Bancorp of Indiana in all-stock merger valued at $33.2 million
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- First Bancorp shareholders receive fixed exchange ratio of 0.3075 FCAP shares per FBPI share, based on FCAP's $63.05 20-day VWAP as of Nov. 4, 2026
- First Bancorp had $583 million in total assets, $444 million in gross loans, $473 million in deposits and $33 million of equity as of Sept. 30, 2026
- First Capital will assume $12.0 million of subordinated notes due 2032 and 2037 plus about $5.0 million of junior subordinated debentures due 2037
- Michael H. Head, First Bancorp CEO, will join First Capital's board and serve as Market President of First Harrison Bank at $305,242 annual salary
- Deal includes a $1.4 million termination fee for First Bancorp and is expected to close in the first half of 2027 pending regulatory and shareholder approvals

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070296/000110465926123087/0001104659-26-123087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070296/000110465926123087/tm2628974d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-123087

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