National City Bancshares, Evansville, Ind., announced it would buy First Bancorp Vienna (Ill.) and Princeton (Ky.) Federal Bank in stock-swap transactions.

National City is to exchange 62 of its shares for each of $39 million- asset First Bancorp Vienna's 4,264 outstanding shares, in a deal worth $9.9 million. The acquisition, which would be $1.5 billion-asset National City's seventh in Illinois, is expected to close during the fourth quarter.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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