Two Indiana community banks have announced plans for a merger of equals that would create a $650 million-asset company in the southern and eastern parts of the state.

Under the agreement between Indiana United Bancorp, Greensburg, and P.T.C. Bancorp, Brookville, the new company would operate 28 offices in 12 counties. The parent would retain the Indiana United name.

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.