Acquiring Company
First Financial Corporation
Acquired Company
First Illinois Corporation
IndianaDecaturFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
First Financial Corporation and First Illinois Corporation have signed a definitive agreement for a merger. The merger is valued at approximately $111.3 million and will enhance First Financial's presence in Illinois. First Illinois stockholders will have options for receiving either stock or cash in the transaction. The merger is expected to close in the fourth quarter of 2026, pending regulatory and stockholder approvals.
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M&A Insights
Based on deal dataFrequently asked
Who acquired First Illinois Corporation?
First Illinois Corporation was acquired by First Financial Corporation, based in Indiana. The deal was reported on August 27, 2026. First Financial Corporation is a financial services company providing a wide range of banking products and services. First Financial Corporation is privately held and operates in Financial Services.
When did First Financial Corporation acquire First Illinois Corporation?
First Financial Corporation's acquisition of First Illinois Corporation was reported on August 27, 2026. First Financial Corporation and First Illinois Corporation have signed a definitive agreement for a merger. The merger is valued at approximately $111.3 million and will enhance First Financial's presence in Illinois. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does First Illinois Corporation do?
First Illinois Corporation is the holding company for Hickory Point Bank and Trust, a community bank serving central Illinois. The bank operates multiple branches and is known for its customer-focused services. It is privately held, operating in Financial Services, and is based in Decatur.
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