Three Rivers FCU, West End revise deal consideration

West End Indiana Bancshares Inc. and Three Rivers FCU revised the deal consideration related to the latter's acquisition of the assets and assumption of the liabilities of West End Bank SB.

Under the revised agreement, Three Rivers will pay West End Bank $41.3 million in cash, subject to certain potential adjustments mainly related to the bank's adjusted closing equity. The adjustment was based on a significant increase in the termination cost of West End Bank's defined pension plan,...