Hancock Bancorp Inc. in Hawesville, Ky., has a deal to acquire Community First Bancorp Inc. in Madisonville for $3.6 million in cash.
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The $196 million-asset Hancock is the parent company of Hancock Bank and Trust Co. Community First is the $86 million-asset holding company for Community First Bank.
Hancock Bancorp said that acquiring Community First would help it fill out its operations in western Kentucky.
The deal, announced Monday, is expected to close in the first quarter.
