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Mergers & Acquisitions
M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Ameriana Bancorp
Actual Acquirer: Ameriana Insurance Agency, Inc.
Target: Chapin-Hayworth Insurance Agency, Inc.
Deal Type: Insurance Broker Company
Agreement Date5/27/2009
Announcement Date5/27/2009
Announced Deal Value ($M)0.72
StatusCompleted
Completion Date6/30/2009
Consideration Breakout
Cash ($M)0.7
Deal Terms
Description of Consideration
Ameriana Bancorp paid $724,000 to acquire book of business of Chapin-Hayworth Insurance Agency Inc.
Percent Acquired (%)NA
Accounting MethodAcquisition
Merger of Equals?No
Geographic Expansion?NA
Estimated Cost Savings (%)NA
Est. Restructuring Charges ($000)NA

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