BANK OF EVANSVILLE ATTRACTS INVESTOR GERMAN AMERICAN BANCORP TO BUY UP TO 9.9 PERCENT OF COMMON STOCK

From: Evansville Courier & Press | Date: July 7, 2004| Author: CAROL WERSICH, Courier & Press staff writer 464-7452 or cwersich@evansville.net | Copyright information

Bank of Evansville is getting a major boost to its lending power from German American Bancorp of Jasper, Ind.

German American announced Tuesday it is purchasing up to 9.9 percent of Bank of Evansville's common stock.

The investment is expected to increase Bank of Evansville's capital approximately $1 million and support more than $12 million of asset growth.

"I think the interest and confidence expressed by German American's investment sends a strong message of value to ou...