German American Bank is merging with First Security.
In a press release from German American, they say they have entered a definitive agreement to merge First Security into German American.
Chairman and CEO of German American said, ” this merger with First Security represents a strategic opportunity for German American to expand our community-focused customer-centric business model into vibrant Kentucky metropolitan markets of Owensboro, Bowling Green, and Lexington.”
The transition is expected to be completed by the fourth quarter of this year.