BREAKING: First Indiana to be bought by Marshall & Ilsley

Indianapolis-based First Indiana Corp. said today it has signed a definitive agreement to be acquired for $529 million by Marshall & Ilsley, a Milwaukee-based financial services firm.

First Indiana, which has $2.1 billion in assets, has 32 branches in central Indiana. The branches will become Marshall & Ilsley branches after the deal closes.

The deal is expected to close late this year or early 2008.

This story will be updated.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets on
{{ count_down }}