First Capital to acquire First Bancorp of Indiana for $33.2 million
FCAP•First Capital will acquire First Bancorp of Indiana for approximately $33.2 million in stock. The deal is expected to close in the first half of 2027, subject to regulatory and First Bancorp shareholder approvals.
1. Deal terms
First Bancorp shareholders will receive 0.3075 shares of First Capital common stock for each share they hold. The $33.2 million valuation reflects First Capital’s 20-day volume-weighted average closing price of $63.05 per share as of November 4, 2026.
2. First Bancorp operations
First Bancorp operates 10 offices through First Federal Savings Bank and had approximately $583 million in assets as of September 30, 2026. The acquisition will expand First Capital’s presence across Southern Indiana and Western Kentucky.
