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Bank of America (NYSE:BAC): Current Price $11.85
Old National Bancorp announced that its bank subsidiary, Old National Bank, entered into a purchase and assumption agreement under which it is to acquire 24 retail bank branches of Bank of America. These branches are located in the cities of South Bend and Elkhart in Indiana, and the Adrian, Battle Creek, Benton Harbor, Blissfield, Brooklyn, Constantine, Jackson, Kalamazoo, Niles, Paw Paw, Portage, and St. Joseph in Michigan. Deposit and loan balances that to be included in the transaction were $778.8 million and $7.7 million.