FIFirst Illinois CorporationFFFirst Financial Corporation

Overview

First Financial Corporation agreed to acquire First Illinois Corporation, the holding company for Hickory Point Bank and Trust, in a merger valued at approximately $111.3 million. First Illinois stockholders can elect 0.5727 First Financial shares or $44.35 in cash per share, prorated to 70% stock and 30% cash.

Deal rationale

The merger expands First Financial's Illinois franchise with Hickory Point Bank's community banking presence in Decatur, Springfield and Champaign and adds a core deposit base.

Timeline

1. AnnouncedAug 26, 2026

   Deal announced.

   Filing

Valuation and terms

Advisors

Parties