The struggling Integra Bank Corp. in Evansville, Ind., has announced its third branch-sale deal of the year.
The $3 billion-asset Integra announced the latest deal, with First Security Inc. of Owensboro, Ky., on Wednesday. First Security would buy eight of Integra's Indiana and Kentucky branches. The deal would include $172 million of loans and $188.2 million of deposits, and is expected to close by midyear.
The $217 million-asset First Security is to pay a deposit premium of about 5% for the Kentucky branches and 3.5% for the Indiana branches.
Michael J. Alley, Integra's chairman and chief executive, said in a press release that the company would likely announce other deals in the next 90 days.
