Indiana Bank & Trust reopening as Old National branches

  • By Boris Ladwig
  • First Posted: September 12, 2012 - 11:38 pm
    Last Updated: September 12, 2012 - 11:38 pm

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Indiana Bank & Trust Co. branches will close Friday for the last time — and reopen as Old National Bank branches Monday.

Columbus-based IBT’s parent company, Indiana Community Bancorp, is being bought by Evansville-based Old National Bancorp. The companies reported in Securities and Exchange Commission filings that they have received regulatory approvals and expect the deal to be completed Friday.

The banks will be closed this weekend.

Both banks have branch offices in Jackson County.

IBT also said its shareholders will pocket a slightly bigger gain from the acquisition than previously announced: 1.9455 shares of Old National for each share of ICB they own, up 0.0455 shares.

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