FIRST FINANCIAL CORP /IN/ 8-K

What Happened

• First Financial Corporation (THFF) reported that it and its banking subsidiary, First Financial Bank, N.A., completed the previously announced merger with CedarStone Financial, Inc. and its subsidiary CedarStone Bank. The transaction closed on March 1, 2026 under the Merger Agreement dated November 6, 2025.
• At the effective time of the merger, First Financial paid $19.12 in cash for each share of CedarStone common stock. The aggregate transaction value was approximately $25.0 million. CedarStone merged into First Financial, and CedarStone Bank merged into First Financial Bank, with First Financial Bank as the surviving bank.

Key Details

• Closing date: March 1, 2026 (reported on Form 8-K filed March 2, 2026).
• Cash consideration: $19.12 per CedarStone share.
• Aggregate purchase price: ~ $25.0 million.
• Merger Agreement was originally dated November 6, 2025 (previously filed as Exhibit 2.1 on First Financial’s Nov. 6, 2025 8-K).

Why It Matters

• The deal is an all-cash acquisition that immediately makes First Financial the owner of CedarStone and its bank subsidiary; this will be reflected in First Financial’s future financial statements and regulatory filings.
• Investors should note the ~$25 million cash outlay and review upcoming filings for any pro forma impacts on First Financial’s balance sheet, capital ratios, branch network or reported results. For full legal and transactional detail, see the Merger Agreement referenced in prior filings.