MUNCIE, Ind. (WOWO) — Muncie-based First Merchants is set to acquire First Savings Bank of Jeffersonville in a $241 million deal.

According to Inside Indiana Business — the merger will expand First Merchants’ southern Indiana presence and push total assets to $21 billion.

Pending approval, the merger will close in early 2026 and bring about 230 new employees into the First Merchants fold.