Bank Of Evansville To Be Bought By German American Bancorp

Last updated on Wednesday, October 6, 2010

(EVANSVILLE, IN) - The Bank of Evansville is being bought by Jasper-based German American Bancorp for $30 million.

The transaction involves an exchange of shares of the bank's parent company, American Community Bancorp, and a cash payment.

The deal is expected to be completed by early 2011.

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