Greensfork Township State Bank, a two-branch bank in rural Lynn, Ind., is moving into the state's largest market with a deal to acquire the $57 million-asset Symphony Bank in Indianapolis.

The Indianapolis Business Journal reported that the $158 million-asset Greensfork is to pay about $2.55 per share, or $3.9 million, for Symphony. The price per share is roughly 75% below what investors paid to capitalize Symphony when it was founded three years ago, the paper reported on Nov. 22.

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