May 22, 2018 / 9:39 PM / a month ago

BRIEF-German American Bancorp And First Security Announce Definitive Merger Agreement

* GERMAN AMERICAN BANCORP, INC. AND FIRST SECURITY, INC. ANNOUNCE DEFINITIVE MERGER AGREEMENT

* GERMAN AMERICAN BANCORP - FIRST SECURITY COMMON SHAREHOLDERS WILL RECEIVE A CASH PAYMENT OF $12.00 PER FIRST SECURITY SHARE

* GERMAN AMERICAN BANCORP - AFTER DEAL COMPLETION, ANTICIPATED THAT A BOARD MEMBER OF FIRST SECURITY WILL BE JOINING BOARD OF GERMAN AMERICAN

* GERMAN AMERICAN BANCORP - FIRST SECURITY SHAREHOLDERS TO GET FIXED EXCHANGE RATIO 0.7982 SHARES OF CO’S STOCK PER SHARE & CASH PAYMENT OF $12.00/SHARE

* GERMAN AMERICAN - MICHAEL BECKWITH, PRESIDENT & CEO OF FIRST SECURITY, WILL ASSUME NEWLY ESTABLISHED ROLE OF KENTUCKY DIVISIONAL PRESIDENT

* GERMAN AMERICAN BANCORP INC - TRANSACTION HAS A VALUE OF $40.00 PER FIRST SECURITY COMMON SHARE

* GERMAN AMERICAN BANCORP INC - TRANSACTION HAS AN AGGREGATE INDICATED VALUE OF APPROXIMATELY $101.0 MILLION

* GERMAN AMERICAN - EXPECTS TO ISSUE ABOUT 2.0 MILLION SHARES AND PAY ABOUT $31 MILLION CASH FOR ALL SHARES AND OPTIONS OF FIRST SECURITY

* GERMAN AMERICAN BANCORP - EXPECT DEAL TO BE ACCRETIVE TO GERMAN AMERICAN’S EPS DURING 12 MONTHS FOLLOWING COMPLETION Source text for Eikon: Further company coverage:

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