First Financial Corp., Terre Haute, Ind., plans to buy a local industrial loan company so it can offer consumer finance company services.

First Financial, a $1.7 billion-asset company, has agreed to buy $38 million-asset Morris Plan Company of Terre Haute in a stock swap. Morris Plan shareholders would get a total of 200,000 shares of First Financial stock in exchange for their holdings. The deal is valued at $10.3 million, based on First Financial's share price of $51.50 at Wednesday's close.

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