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Latest Key Developments (Source: Significant Developments)

Community Bank Shares Of Indiana Inc's Your Community Bank Purchases First Federal Bank Of Lexington In Transaction With The FDIC
Friday, 19 Apr 2013 05:57pm EDT 

Community Bank Shares of Indiana, Inc., the holding company for Your Community Bank, announced that Your Community Bank has acquired all the deposits and substantially all the assets of First Federal Bank with offices in Lexington and Georgetown, Kentucky, through an agreement with the Federal Deposit Insurance Corporation. As a result of this acquisition, Your Community Bank will assume approximately $93.9 million in deposits and acquire approximately $100.1 million in assets. Your Community Bank will not acquire any of First Federal Bank’s other real estate owned. This transaction is not subject to a loss share agreement, but is subject to an asset purchase discount of $5.85 million. All branches previously operated by First Federal Bank will reopen during normal operating hours on April 22, 2013, as branches of Your Community Bank. Depositors of First Federal Bank will automatically become depositors of Your Community Bank, and their deposits continue to be insured by the FDIC up to the legal limit.  Full Article

Community Bank Shares Of Indiana Inc Announces 10% Dividend Increase
Thursday, 18 Apr 2013 09:24pm EDT 

Community Bank Shares Of Indiana Inc announced that its Board of Directors declared a cash dividend per share of $0.11 on the common stock of the Company, payable on May 31, 2013, to shareholders of record at the close of business on May 10, 2013. The second quarter dividend represents an annualized 10% increase in cash dividends per common share over the previous quarter.  Full Article

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