Planters Bank plans the purchase of Five Old National Bank Branches
August 18, 2012
Hopkinsville, KY – Planters Bank announces its intention to acquire five Old National Bank branches in Princeton, Providence, Dawson Springs, Sebree, and Sturgis, Kentucky.
In connection with the acquisition, Planters is assuming all of the deposit liabilities of the branches, but is not acquiring any loans. The total deposits being assumed were approximately $92 million as of August 1st, 2012.
Plans call for the transaction to be complete within 90-120 days, subject to regulatory approval and the satisfaction of other customary closing conditions. [Read more]
