On September 25, 2025, First Savings Financial Group, Inc. (“First Savings”), the holding company for First Savings Bank, and First Merchants Corporation (“First Merchants”), the holding company for First Merchants Bank, announced the signing of a definitive agreement pursuant to which First Savings will merge with and into First Merchants and First Savings Bank will merge with and into First Merchants Bank. The all-stock transaction is valued at approximately $241.3 million.

Headquartered in Jeffersonville, Indiana, First Savings has total assets of $2.4 billion and operates 16 banking offices across Southern Indiana.

Headquartered in Muncie, Indiana, First Merchants has total assets of $18.5 billion and operates 111 banking offices throughout Indiana, Michigan and Ohio.

Luse Gorman is serving as legal counsel to First Savings in the merger. The Luse Gorman team consists of Victor Cangelosi, Tom Hutton, and Keeler Fina.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and on more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.