First Financial Corporation and SimplyBank Sign Merger Agreement

TERRE HAUTE, Ind. and DAYTON, Tenn., Nov. 13, 2023 (GLOBE NEWSWIRE) -- First Financial Corporation (NASDAQ: THFF) (“First Financial”) and SimplyBank. (“SimplyBank”) jointly announced today the execution of a definitive agreement under which First Financial will acquire SimplyBank. First Financial will pay $718.38 per share in cash for each share of SimplyBank’s common stock outstanding. The aggregate value of the transaction is $73.4 million. Upon completion of the merger, SimplyBank will merge into First Financial Bank, N.A. (“First Financial Bank”), a wholly owned subsidiary of First Financial.

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