First Merchants Corp., Muncie, Ind., has two deals aimed at strengthening its presence in central and eastern Indiana.

In the first, $1.1 billion-asset First Merchants would buy Anderson (Ind.) Community Bank for an undisclosed amount. Anderson, a four-year-old, $75 million-asset bank, would be merged with a First Merchants subsidiary, Pendleton Banking Co., to form Madison Community Bank.

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