Brief: First Century Bancorp. Has Notified First Internet Bancorp Of Its Termination Of The Merger Agreement

First Internet Bancorp

02/05/2022 14:12

May 2 (Reuters) - First Internet Bancorp  INBK.O :
    * FIRST CENTURY BANCORP. HAS NOTIFIED FIRST INTERNET BANCORP
OF
ITS TERMINATION OF THE MERGER AGREEMENT
    * FIRST INTERNET BANCORP - EACH COMPANY WILL BEAR ITS OWN
COSTS
AND EXPENSES IN CONNECTION WITH TERMINATED TRANSACTION
    * FIRST INTERNET BANCORP - NEITHER PARTY WILL PAY ANY
TERMINATION
FEE AS A RESULT OF TERMINATION OF MERGER AGREEMENT
    * FIRST INTERNET BANCORP - FIRST INTERNET WAS UNABLE TO
OBTAIN
REGULATORY APPROVAL FOR PROPOSED TRANSACTION IN A TIMELY FASHION
    * FIRST INTERNET BANCORP - FIRST CENTURY CHOSE TO EXERCISE
ITS
RIGHT TO TERMINATE AGREEMENT AFTER PARTIES WERE UNABLE TO COME
TO NEW TERMS

Source text for Eikon:  ID:nPn2M4WSSa 
Further company coverage:  INBK.O 

 ((Reuters.Briefs@thomsonreuters.com;))