1st Source to buy Valparaiso bank

February 20, 2007

1st Source Corp. of South Bend has agreed to buy FINA Bancorp, the parent of First National Bank, Valparaiso, for $135 million in cash and stock. Both boards have approved the deal.

1st Source, which has $3.8 billion in assets and 67 branches in Indiana and Michigan, said it wants the northwest Indiana bank to boost its retail presence in northwest Indiana. First National has $600 million in assets and 26 branches.

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