First Financial Corp. to Acquire The First National Bank of Monterey
Ticker: THFF · Form: 8-K · Filed: Sep 18, 2025 · CIK: 714562
| Field | Detail |
|---|---|
| Company | First Financial Corp /In/ (THFF) |
| Form Type | 8-K |
| Filed Date | Sep 18, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.125, $0.51 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, expansion, banking
TL;DR
FFC buying First National Bank of Monterey to boost IN presence.
AI Summary
First Financial Corp. announced on September 16, 2025, that it has entered into a definitive agreement to acquire The First National Bank of Monterey. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions. This acquisition will expand First Financial's presence in Indiana.
Why It Matters
This acquisition signifies First Financial Corp.'s strategic expansion within Indiana, potentially increasing its market share and customer base in the region.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks, including integration challenges, regulatory approvals, and potential impacts on financial performance.
Key Players & Entities
- First Financial Corp. (company) — Acquiring company
- The First National Bank of Monterey (company) — Acquired company
- September 16, 2025 (date) — Announcement date
- fourth quarter of 2025 (date) — Expected closing period
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing reports on the "Other Events" and "Financial Statements and Exhibits" of First Financial Corp., specifically announcing a definitive agreement to acquire The First National Bank of Monterey.
When was the report filed with the SEC?
The report was filed as of date September 18, 2025.
What is the expected closing timeframe for the acquisition?
The acquisition is expected to close in the fourth quarter of 2025.
What is the business of First Financial Corp.?
First Financial Corp. is a commercial bank, as indicated by its Standard Industrial Classification code [6022].
What are the key conditions for the acquisition to be completed?
The acquisition is subject to customary closing conditions.
Filing Stats: 485 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2025-09-18 09:34:14
Key Financial Figures
- $0.125 — ch registered Common Stock, par value $0.125 per share THFF The NASDAQ Stock Mar
- $0.51 — eclaration of the quarterly dividend of $0.51 per share payable October 15, 2025, to
Filing Documents
- thff-20250916x8k.htm (8-K) — 33KB
- thff-20250916xex99d1.htm (EX-99.1) — 5KB
- 0000714562-25-000055.txt ( ) — 146KB
- thff-20250916.xsd (EX-101.SCH) — 3KB
- thff-20250916_lab.xml (EX-101.LAB) — 15KB
- thff-20250916_pre.xml (EX-101.PRE) — 10KB
- thff-20250916x8k_htm.xml (XML) — 5KB
01. Other Events
Item 8.01. Other Events. On September 18, 2025, First Financial Corporation issued a press release to report the declaration of the quarterly dividend of $0.51 per share payable October 15, 2025, to shareholders of record on October 1, 2025. The release is furnished as Exhibit 99.1 hereto.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits The exhibit to this report is as follows: Exhibit Number 99.1 Press Release, dated September 18, 2025, issued by First Financial Corporation. This exhibit shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. 104 Cover page interactive data file (embedded with the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. First Financial Corporation Dated September 18, 2025 /s/ Rodger A. McHargue Rodger A. McHargue Secretary/Treasurer and Chief Financial Officer