German American Bancorp, Inc. and Citizens Union Bancorp of Shelbyville, Inc. Announce Definitive Merger Agreement
Retrieved on:
Monday, September 20, 2021
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JASPER, Ind., Sept. 20, 2021 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) (German American) and Citizens Union Bancorp of Shelbyville, Inc. (CUB) announced today that they have entered into a definitive agreement to merge CUB into German American.
Key Points:
- JASPER, Ind., Sept. 20, 2021 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) (German American) and Citizens Union Bancorp of Shelbyville, Inc. (CUB) announced today that they have entered into a definitive agreement to merge CUB into German American.
- Upon completion of the transaction, CUBs subsidiary bank, Citizens Union Bank of Shelbyville, Inc., will be merged into German Americans subsidiary bank, German American Bank.
- Mark A. Schroeder, Chairman and CEO of German American, stated, This merger with Citizens Union represents another important, strategic opportunity for German American, and enhances our presence in the vibrant Louisville, Kentucky metropolitan market area.
- We are excited to welcome the Citizens Union customers, employees, communities and shareholders to the German American family.