Fountain Trust Company to acquire Gifford State Bank.

Fountain Trust Company, a community bank, agreed to acquire Gifford State Bank, a state-chartered community bank. Financial terms are not disclosed. “We have been looking for a strategic acquisition partner that is a natural extension of our current market area in order to ensure we remain an independent community bank for generations to come. In Gifford, we believe we have found the ideal partner. As a fourth-generation, family-owned community bank based in rural west-central Indiana, we are committed to serving our communities and believe that our communities thrive with the support of a stable, community and customer-focused community bank. This acquisition will enable The Fountain Trust Company to remain an independent community bank and help the communities of Gifford, Saint Joseph, Potomac and Thomasboro thrive for decades to come,” Lucas White, The Fountain Trust Company President.