Union Community Bancorp Announces Approval of Merger Agreement with and into MainSource Financial Group, Inc.CRAWFORDSVILLE, Ind IND Investigational new drug Therapeutics A status assigned by the FDA to a drug before allowing its use in humans, exempting it from premarketing approval requirements so that experimental clinical trials may be conducted. See Phase 1.2, 3 studies, Sponsorship. . -- Union Community Bancorp (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :UCBC UCBC Uniform Code for Building Conservation UCBC University College Boat Club (University of Durham) UCBC Underwater Council of British Columbia (Canada) ), an Indiana corporation, which is the holding company for Union Federal Savings & Loan Association (the "Association"), announced today that the shareholders of Union Community Bancorp have approved the merger of UCBC with and into MainSource Financial Group, Inc. ("MainSource"). It is anticipated that the merger will be effective at the end of the day on March 17, 2006. Based on the terms of the Agreement and Plan of Merger, dated August 23, 2005, by and among UCBC, the Association and MainSource, UCBC shareholders receiving cash in consideration of their UCBC Common Stock will receive $27.33 per share, and shareholders receiving MainSource Common Stock in the merger will receive 1.4791 shares of MainSource Common Stock for each share of their UCBC Common Stock. However, 55% of the aggregate consideration must be paid in shares of MainSource Common Stock, and there may be allocations of cash or stock made to shareholders (on the basis of the smallest to the largest shareholders) to insure Insure can mean:
UCBC was formed in 1997 and subsequently acquired all the shares of the Association. The Association has been headquartered in Crawfordsville, Indiana since its establishment in 1913 and operates six offices located in Montgomery, Fountain fountain, natural or artificially conveyed flow of water. In ancient Greece columnar shrines were built over springs and dedicated to deities or nymphs. In ancient Rome fountains fed by the great aqueduct system furnished water in the streets, in the villa gardens, , Warren and Tippecanoe Counties. UCBC had $260.1 million in total assets and $33.1 million in shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. as of December 31, 2005. There are currently 1,939,000 shares of UCBC common stock outstanding which are traded on NASDAQ under the symbol "UCBC". |
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