TITLE

First Merchants Sets Up Shop on Chicago's Outskirts with CFS Deal

AUTHOR(S)
Peters, Andy
PUB. DATE
May 2013
SOURCE
American Banker;5/14/2013, Vol. 178 Issue 74, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article gives information about First Merchants bank's $114.7 million all-stock deal to buy CFS Bancorp in Indiana. The article notes the comments of analyst John Barber and First Merchants' chief executive officer (CEO) Michael Rechin on the value of the deal which is expected to close in fourth-quarter 2013. It also notes CFS Bancorp's Citizens Financial Bank has 20 branches. The issue of CFS Bancorp's credit quality is also noted.
ACCESSION #
87603823

 

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