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CITBA Financial Corporation And Merchants Bancorp Agree To Merge
PR Newswire - Wed May 08, 6:30PM CDT
CITBA Financial Corporation (CITBA) (OTC: CBAF), Mooresville, IN, the bank holding company of Citizens Bank, and Merchants Bancorp (Merchants)(private), Carmel, IN, the bank holding company of Merchants Bank of Indiana, announced today they have signed a definitive agreement for the merger of Merchants with and into CITBA. CITBA will be the surviving corporation, and will be renamed Merchants Bancorp. Citizens Bank will be merged with and into Merchants Bank of Indiana.