First Capital to buy Indiana's First Bancorp in $33M stock deal

First Capital, parent of 17-branch First Harrison bank, agreed to acquire First Bancorp, whose 10-branch First Federal is centered on Evansville, Indiana. First Bancorp shareholders will receive 0.3075 First Capital shares each, valuing the deal at $33.2 million. Closing is expected in the first half of 2027.

Why it matters: The deal expands First Harrison's footprint across southern Indiana and western Kentucky.