Community Trust & Investment Co. has been acquired by MFB Financial
THE TRANSACTION
MFB Financial (a subsidiary of MFB Corp., NASDAQ: MFBC) ("MFB") completed the acquisition of Community Trust & Investment Co. ("CTIC") in September 2007. DPP initiated this transaction, assisted in the negotiations and acted as exclusive financial advisor to CTIC.
Our Client
COMMUNITY TRUST & INVESTMENT CO.
CTIC was an Indiana corporation formed as an independent trust company chartered by the Indiana Department of Financial Institutions. It began operations on March 18, 1993, having been formed by a small group of former bank trust officers. CTIC was one of the few entirely private and independent trust companies in Indiana. CTIC had several hundred million dollars in trust assets under management.
Transaction Partner
MFB FINANCIAL
MFB conducts business in Indiana from its corporate office in Mishawaka and eleven banking centers in St. Joseph, Elkhart and Hamilton Counties. MFB offers a variety of lending, deposit and other financial services to its retail and business customers. The Wealth Management Group of MFB attracts high net worth clients and offers trust, investment, insurance, broker advisory, retirement plan and private banking services in MFB's primary counties and Montgomery County, Indiana. MFB was founded in 1889 and had over $500 million in assets as of June 30, 2007.
CONTACT
Financial Institutions
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