First Security Bank Buys Part of Integra Building to expand further into the Evansville, IN market

PRESS RELEASE
FOR: IMMEDIATE RELEASE
Subject: First Security Bank to expand further into the Evansville, IN market
DATE: August 23, 2012

For further information, please contact: M. Lynn Cooper, 270-663-4678, LCooper@FirstSecurity.net or Steve Witting, 812-759-2332, SWitting@FirstSecurity.net

Announced today was First Security Bank’s completed acquisition of approximately 74,000 square feet of office space, which was location to the Evansville, Indiana main office of the former Integra Bank. The space was purchased from the FDIC for an undisclosed amount. The facility is located at Twenty One Southeast Third Street in downtown Evansville.

The property purchased was floors; lower level, 1, 2 & 3 along with the parking lot directly across the street on the corner of Third Street and Locust.

M. Lynn Cooper, President and CEO stated “We are excited about continued expansion into the Evansville, Indiana market, which further solidifies our commitment to the area. This purchase will allow us to have the space we need to grow for years to come. We are enthused about expanding into an area where the city and county government leadership are very pro-business. We look forward to further possibilities of expansion into the area, which has proven very profitable for our company. ” Cooper further stated, “Since First Security will not initially utilize all of the office space in the newly acquired downtown Evansville location, we will be leasing some under-utilized space to others until we grow into the space.”

Steve Witting, Evansville President for First Security Bank stated, “The Evansville facility will provide us a way to serve much of our downtown and some Westside clients. We have some exciting ideas to develop additional clientele in the downtown area and look forward to growing even further in the Evansville market.”

The office is anticipated to open by year end pending regulatory approval. Also recently announced was the acquisition of the former Integra office in Newburgh on Highway 66 near Highway 261, which is expected to open next month.

First Security Bank has announced in 2012; opening a new office in Lexington, KY, renovating and opening a new headquarters location in downtown Owensboro, KY., acquiring the Newburgh, IN office scheduled to open in September, acquiring 4 branch locations in the Louisville market which is scheduled to close this fall and the new Evansville location in the downtown area, expected to open by year end.