First Financial和First Illinois签署合并协议

2026-08-27 21:05

First Financial (THFF) and First Illinois, the holding company for Hickory Point Bank and Trust, announced on Thursday an agreement under which the latter will merge with and into First Financial in a stock/cash transaction valued at about $111.3 million based on First Financial’s stock price of $79.07 on August 26, 2026.
The combined company will have approximately $6.9 billion in total assets, $4.9 billion in total loans and $5.5 billion in total deposits.
Under the terms of the merger agreement, First Illinois stockholders will be entitled to elect to receive either the per share stock consideration of 0.5727 shares of First Financial common stock for each share of First Illinois common stock outstanding or the per share cash consideration of $44.35, subject to 70% of First Illinois common stock being exchanged for stock and 30% being exchanged for cash.
Based on First Financial’s closing stock price of $79.07 on August 26, 2026, the implied per share purchase price is $45.00 with an aggregate transaction value of approximately $111.3 million.
Press release

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