1st Source Corp. of South Bend, Indiana, has agreed to buy Fina Bancorp Inc. of Valparaiso for $135 million in cash and stock.
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Fina's First National Bank, Valparaiso has $600 million of assets and 26 branches in La Porte, Porter, and Starke counties. The $3.6 billion-asset 1st Source has 61 branches in Indiana, including three in La Porte County, three in Porter County, and one in Starke County.
"First National Bank, Valparaiso is located in the fastest-growing area of our 1st Source retail market, and it's a natural fit for us," Christopher H. Murphy 3rd, the chairman of the 1st Source Corp., said in a press release. His company also has seven branches in Michigan.
