The all-cash deal is valued at $40 million.

The combined entity has approximately $294 billion in assets, making it the ninth-largest U.S. bank.

First Financial Bank, Cincinnati, completed its acquisition of BankFinancial, Chicago, effective Jan. 1, in an all-stock transaction valued at $142 million.

First Savings Bank, Jeffersonville, completed its merger with and into First Merchants Bank, Muncie, with a stock transaction effective Feb. 1.