First Community Bancshares Inc. of Bargersville, Ind., said it plans to buy an in-state thrift in a $3.9 million all-cash deal.
The $146 million-asset bank said it expects to complete the acquisition of $30 million-asset Blue River Federal Savings Bank of Edinburgh in the second quarter. First Community already is building a branch that is expected to open in late December or early January on the outskirts of Edinburgh, about three miles away from Blue River's sole location in the downtown area. Upon completing the acquisition and opening the branch, First Community would have 10 banking offices, all in central Indiana.
-- Craig Woker