Mergers & Acquisitions ·
First Financial Corporation (NASDAQ: THFF) entered into a definitive merger agreement to acquire First Illinois…
THFFFirst Financial Corp
First Financial Corporation (NASDAQ: THFF) entered into a definitive merger agreement to acquire First Illinois Corporation, the parent of Hickory Point Bank and Trust, on August 26, 2026. The all-stock/cash transaction is valued at approximately $111.3 million based on THFF's closing price of $79.07 per share. First Illinois shareholders will receive either 0.5727 shares of THFF common stock or $44.35 in cash, with a target mix of 70% stock and 30% cash consideration. The combined entity is expected to hold approximately $6.9 billion in total assets upon closing, which is targeted for the fourth quarter of 2026 pending regulatory and shareholder approvals. First Financial Corporation operates as a community banking holding company with branches across multiple states.