Kentucky's First Financial Acquiring Indiana's FSB

First Financial Corp. of Elizabethtown, Ky., plans to acquire FSB Bancshares Inc. in Lanesville, Ind., for $14 million in cash.

Buying the $63 million-asset parent of Farmers State Bank would give the $873 million-asset First Financial its first branches in Indiana. Farmers State has four branches in southern Indiana contiguous to First Financial's markets in northern Kentucky.

First Financial has been an active commercial lender in Indiana for several years. The deal, announced late Wednesday, is expected to close next quarter.