First Farmers Financial (FFMR) in Converse, Ind., has agreed to buy seven branches in Indiana from Bank of Montreal's BMO Harris Bank.

The $1.2 billion-asset First Farmers said in a press release Thursday that it the deal also includes deposit relationships from two other branches. Overall, the company will gain $134 million in deposits. No loans are involved in the deal, which is expected to close in the latter part of this year.

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