Citizens Union

German American Announces Completion of Merger With Citizens Union Bancorp of Shelbyville, Inc. and Citizens Union Bank of Shelbyville, Inc.

Retrieved on: 
Monday, January 3, 2022
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Immediately following completion of the holding company transaction, Citizens Union Bank merged with and into German Americans banking subsidiary, German American Bank.

Key Points: 
  • Immediately following completion of the holding company transaction, Citizens Union Bank merged with and into German Americans banking subsidiary, German American Bank.
  • D. Neil Dauby, President and CEO of German American, stated, We are delighted to welcome Citizens Unions customers, employees and shareholders to German American.
  • German American also owns an investment brokerage subsidiary (German American Investment Services, Inc.) and a full line property and casualty insurance agency (German American Insurance, Inc.).
  • Mark A Schroeder, Executive Chair of German American Bancorp, Inc.
    D. Neil Dauby, President & Chief Executive Officer of German American Bancorp, Inc.
    Bradley M Rust, Senior Executive Vice President/COO/CFO of German American Bancorp, Inc.

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.