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Indiana Community Bancorp (867493) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

Indiana Community Bancorp

HISTORY TOOLS
CIK: 867493
Exhibit 99.1
 
 
Filed by Indiana Community Bancorp
Pursuant to Rule 425 under the Securities Act of 1933 and
deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934
 
Subject Company:  Indiana Community Bancorp
Commission File No. 000-18847
 


   

FOR IMMEDIATE RELEASE –
January 25, 2012

Contacts:
Old National Bancorp:
Indiana Community Bancorp:
Kathy A. Schoettlin – (812) 465-7269
LuAnne Whewell – (812) 373-8227
Executive Vice President – Communications
Senior Vice President – Marketing
Lynell J. Walton – (812) 464-1366
  
Senior Vice President – Investor Relations
  

Old National Bancorp to acquire Indiana Community Bancorp

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Headquartered in Columbus, Ind., Indiana Community Bancorp is the holding company for Indiana Bank and Trust Company
·  
The acquisition includes 17 full service banking centers and nearly $985 million in assets
·  
The transaction is expected to close 2Q of 2012


EVANSVILLE & COLUMBUS, Ind. – (January 25, 2012) Old National Bancorp (NYSE: ONB) and Indiana Community Bancorp (NASDAQ: INCB) of Columbus, Ind., jointly announced today the execution of a definitive agreement pursuant to which Old National will acquire Indiana Community Bancorp through a merger.

With nearly $985 million in assets, Indiana Community Bancorp is an Indiana bank holding company with Indiana Bank and Trust Company as its wholly owned subsidiary. Founded in 1908, Indiana Bank and Trust serves the South Central Indiana area with 17 full-service banking centers.

Founded in Evansville in 1834, with $8.9 billion in assets and more than 180 branches, Old National is the largest financial services holding company headquartered in Indiana. This acquisition strengthens Old National’s position as the third largest branch network in Indiana. Old National also operates banking centers in Southern Illinois and Western Kentucky, as well as in the Louisville market.

“We are thrilled that this partnership will enable us to unite two Indiana-based community banks with a shared legacy of commitment and service to Hoosier families and businesses.  We are honored to partner with such a highly regarded institution with a focus on basic banking and a well-earned reputation for community involvement,” said Old National Bancorp President & CEO Bob Jones. “It also allows Old National to expand our service area into a vibrant, growing region and enables Indiana Bank and Trust Co.’s loyal client base to continue doing business with a community-focused, Indiana-based financial institution with a very similar culture and values.”

“We are pleased to be joining strengths with Old National Bank,” said John Keach, Jr., Chairman  & CEO of Indiana Bank and Trust Co.  “This alliance will benefit our customers through enhancements to our products and delivery services, and rewards our shareholders for their continued investment in IBT.  The community-minded culture and strong reputation of Old National will make this transition straightforward for our customers.”

 
 
 
The following information was filed by Indiana Community Bancorp on Wednesday, January 25, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Indiana Community Bancorp's Definitive Proxy Statement (Form DEF 14A) filed after their 2012 10-K Annual Report includes:

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SEC Filing Tools
CIK: 867493
Form Type: 10-K Annual Report
Accession Number: 0000867493-12-000004
Submitted to the SEC: Thu Mar 15 2012 2:34:22 PM EST
Accepted by the SEC: Thu Mar 15 2012
Period: Saturday, December 31, 2011
Industry: Savings Institution Federally Chartered

External Resources:
SEC.gov

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