A local bank has agreed to buy a competitor's mutual thrift branch.

National City Bank of Evansville agreed to acquire First Federal Savings Bank's Mount Vernon, Ind., facility and its $5.2 million of deposits. First Federal, which is also based in Evansville, will retain the branch's loan portfolio.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.