Financial Services Acquisitions in Indiana
Indiana Financial Services Deal Themes
Indiana’s financial services acquisitions span credit unions and community banks, registered investment advisers, and insurance-related platforms. Recent transactions in the state include merger activity among member-owned institutions and growth deals that add wealth management capabilities or expand distribution and compliance services.
Across 2020–2026, several buyers show up repeatedly—such as WisdomTree, Inc., Notre Dame Federal Credit Union, First Internet Bancorp, and Crane Credit Union—often pursuing either geographic footprint expansion in Indiana or capability add-ons in areas like wealth management, trust administration, and licensing and renewal services.
The activity also reflects distinct subsectors within financial services: wealth and RIA consolidation (e.g., Wealth Enhancement acquiring FPG Private Wealth, and Waverly Advisors acquiring CenterPoint Wealth Management), insurance distribution and underwriting platforms (e.g., Goldman Sachs Asset Management acquiring DOXA Insurance Holdings), and operational/regulatory services for insurance professionals (e.g., ReSource Pro acquiring Supportive Insurance Services (SIS)).
What Stands Out
- Credit unions and community banks: merger and acquisition deals are frequently structured around board/regulatory approval and member/shareholder voting (e.g., Notre Dame Federal Credit Union’s planned merger).
- Wealth management consolidation: RIAs and advisory platforms expand in Indiana by adding practices and client assets (e.g., Wealth Enhancement and Waverly Advisors acquisitions).
- Trust and fee-based capabilities: bank/wealth buyers look for recurring revenue tied to trust administration and related services (e.g., Community Financial System acquiring ClearPoint Federal Bank & Trust).
- Insurance distribution and compliance services: specialty insurance platforms and operational providers pursue capability depth—licensing/renewal expertise and advisory support (e.g., DOXA Insurance Holdings and Supportive Insurance Services (SIS)).
| Theme | Illustrative transactions |
|---|---|
| Indiana wealth practice expansion | Wealth Enhancement → FPG Private Wealth; Waverly Advisors → CenterPoint Wealth Management |
| Credit union / community bank combinations | Notre Dame Federal Credit Union → Catholic United Financial Credit Union; Richmond Mutual Bancorporation → The Farmers Bancorp |
| Insurance platform + services | Goldman Sachs Asset Management → DOXA Insurance Holdings; ReSource Pro → Supportive Insurance Services (SIS) |
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February 2, 2026
- Buyer
- Notre Dame Federal Credit Union
- Target
- Catholic United Financial Credit Union
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Notre Dame Federal Credit Union and Catholic United Financial Credit Union announced their intent to merge in a strategic, member-approved transaction. The merger is approved by both boards and the National Credit Union Administration, and is subject to a member vote on March 18, 2026, with an expected effective date of April 1, 2026 if approved.
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January 16, 2026
- Buyer
- Community Financial System, Inc., Community Bank, N.A.
- Target
- ClearPoint Federal Bank & Trust, ClearPoint Federal Bank & Trust (ClearPoint)
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Community Financial System (through its wholly owned banking subsidiary Community Bank, N.A.) has entered into an agreement to acquire ClearPoint Federal Bank & Trust in an all-cash transaction valued at $40 million. The deal is expected to expand Community Financial’s wealth management capabilities (via Nottingham Financial Group) and add more recurring, fee-based revenue tied to ClearPoint’s trust administration business in the death care industry.
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November 30, 2025
- Buyer
- Wealth Enhancement
- Target
- FPG Private Wealth
- Seller
- Financial Partners Group
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Wealth Enhancement has acquired FPG Private Wealth, a hybrid RIA with locations in Carmel and Lafayette, Indiana that oversees more than $532 million in client assets. The deal, which closed November 30, 2025, expands Wealth Enhancement’s Midwest footprint and marks its first office presence in the greater Indianapolis market, increasing the firm's total client assets to more than $127.8 billion.
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November 12, 2025
- Buyer
- Richmond Mutual Bancorporation, Inc.
- Target
- The Farmers Bancorp
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Richmond Mutual Bancorporation, Inc. entered into a definitive all-stock merger agreement under which The Farmers Bancorp will merge with and into Richmond Mutual. The deal is valued at approximately $82 million, or $44.71 per share of Farmers Bancorp common stock, and is expected to close in early Q2 2026 pending regulatory and shareholder approvals.
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November 5, 2025
- Buyer
- ReSource Pro
- Target
- Supportive Insurance Services (SIS)
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
ReSource Pro, a strategic operations partner to the insurance industry, has acquired Supportive Insurance Services (SIS), a provider of licensing and renewal services for agents, brokers, adjusters and insurers. The deal expands ReSource Pro’s compliance and licensing capabilities—adding SIS’s adjuster licensing expertise to ReSource Pro’s existing surplus lines tax, corporate and franchise tax reporting, and other regulatory services.
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- Buyer
- WisdomTree, Inc.
- Target
- Ceres Partners, LLC
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
WisdomTree, Inc. entered into a definitive agreement to acquire Ceres Partners, LLC, a U.S. alternative asset manager specializing in farmland investments. The deal is designed to accelerate WisdomTree’s entry into private asset markets, with a farmland platform expected to expand into adjacencies such as solar, AI data infrastructure and water.
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September 27, 2024
- Buyer
- Waverly Advisors, LLC
- Target
- CenterPoint Wealth Management
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Addon
Waverly Advisors, a Birmingham-based registered investment adviser, has acquired CenterPoint Wealth Management, an investment advisory practice based in Zionsville, Indiana. The deal closed on September 27, 2024, marks Waverly's 16th transaction since receiving equity from Wealth Partners Capital Group and HGGC's Aspire Holdings platform, and expands Waverly's presence in the Indianapolis area.
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- Buyer
- Ty J. Young Wealth Management
- Target
- Amatulli and Associates Financial Services
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Ty J. Young Wealth Management has acquired Amatulli and Associates Financial Services, an Indiana-based wealth management firm. The deal, which closed in July, expands Ty J. Young Wealth Management's footprint in the Midwest and provides Amatulli clients access to Ty J. Young's broader services and resources.
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January 26, 2024
- Buyer
- Beacon Credit Union
- Target
- Mid-Southern Savings Bank, FSB
- Seller
- Shareholders of Mid-Southern Savings Bank, FSB
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Beacon Credit Union (BCU) entered a definitive purchase and assumption agreement to acquire substantially all assets and assume substantially all liabilities of Mid-Southern Savings Bank, FSB (MSB). The deal — BCU's first community bank acquisition — expands Beacon's footprint in southern Indiana; it is subject to MSB shareholder and regulatory approvals and is expected to close in Q3 or Q4 2024. MSB leadership will transition into roles at BCU and BCU intends to keep MSB branches and loan production offices open following completion.
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November 7, 2023
- Buyer
- Goldman Sachs Asset Management
- Target
- DOXA Insurance Holdings
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Goldman Sachs Asset Management has entered into a definitive agreement to acquire DOXA Insurance Holdings, a Fort Wayne-based specialty insurance distribution and underwriting platform. The investment will support DOXA's organic growth and acquisition strategy; DOXA's management and employee shareholders will remain significant investors alongside Goldman Sachs.
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November 3, 2023
- Buyer
- Futura Title & Escrow, LLC, JM Family Enterprises, Inc.
- Target
- Momentum Title Agency, LLC
- Seller
- James Michael (Mike) Kemp, Laurie Kemp
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Futura Title & Escrow, a JM Family Enterprises company headquartered in Boise, Idaho, has acquired Momentum Title Agency, a Jeffersonville, Indiana-based provider of title examinations and residential and commercial closing services. Angle Advisors served as exclusive investment banking advisor to Momentum; the founders Mike (James Michael) and Laurie Kemp are exiting as part of the transaction, and Momentum's ~28 associates will join the Futura family.
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- Buyer
- Hub International Limited
- Target
- CSi Advisory Services, LLC
- Seller
- CSi Advisory Services, LLC
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Divestiture
HUB International Limited acquired the assets of CSi Advisory Services, LLC, an Indianapolis-based retirement plan consulting and wealth management firm with $1.1 billion in assets under management. Kristi Baker, Kelli Davis and the CSi team will join Hub Midwest East; terms were not disclosed and CSi was represented by Wise Rhino Group.
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- Buyer
- First Internet Bancorp
- Target
- First Century Bancorp
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Divestiture
First Internet Bancorp announced that First Century Bancorp terminated the agreement and plan of merger between the two companies. The Federal Reserve approved the merger, but the parties could not agree on extension terms after statutory waiting periods, leading to termination on May 1, 2022.
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- Buyer
- Old National Bancorp
- Target
- First Midwest Bancorp, Inc.
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Old National Bancorp (NASDAQ: ONB) and First Midwest Bancorp (NASDAQ: FMBI) have entered into a definitive merger agreement to combine in an all-stock merger of equals valued at $6.5 billion. The combined company will operate under the Old National Bancorp and Old National Bank names with dual headquarters in Evansville, Indiana and Chicago, Illinois, and the deal is expected to close in late 2021 or early 2022 subject to approvals.
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January 27, 2021
- Buyer
- PNC Bank N.A.
- Target
- Tempus Technologies, Inc.
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
PNC Bank N.A. reached a definitive agreement to acquire Tempus Technologies, Inc., a payment gateway and payments-processing solutions provider. The acquisition will expand PNC Treasury Management's payments capabilities by integrating Tempus' gateway, mobile apps and payment portals to support multiple payment rails.
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January 18, 2021
- Buyer
- Altamont Capital Partners, MidCap Financial
- Target
- Kinetic Advantage
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Growth capital
Altamont Capital Partners has invested in newly formed auto floorplan lender Kinetic Advantage to support the company's national rollout and loan growth. Kinetic, led by industry veterans including CEO Marty McFarland, has launched in 21 markets and secured more than $225 million of initial debt and equity financing; MidCap Financial provided financing for the transaction. Terms were not disclosed.
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December 21, 2020
- Buyer
- Farmers & Merchants Bancorp, Inc.
- Target
- Ossian Financial Services, Inc.
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
Farmers & Merchants Bancorp, Inc. (F&M) agreed to acquire Ossian Financial Services, Inc. (OFSI), the holding company of Ossian State Bank, in a cash deal valued at approximately $20.0 million (approximately $67.71 per share). OFSI operates two full-service offices in northeast Indiana with about $122 million in assets; the transaction, unanimously approved by both boards and subject to regulatory and shareholder approvals, was expected to close in Q2 2021.
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August 19, 2020
- Buyer
- Crane Credit Union
- Target
- Our Community Bank
- Seller
- Home Financial Bancorp
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Divestiture
Crane Credit Union (CCU), headquartered in Odon, Indiana, signed a definitive purchase and assumption agreement to acquire the assets and assume certain liabilities of Our Community Bank (OCB), headquartered in Spencer, Indiana, from Home Financial Bancorp. The all-cash transaction will result in OCB branches operating as CCU offices and Home Financial distributing remaining cash to its shareholders; the deal was approved by both boards and expected to close in 2021 subject to customary approvals.
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- Buyer
- Northwest Bancshares, Inc.
- Target
- MutualFirst Financial, Inc. (MutualBank)
- Industry
- Financial Services
- Location
- Indiana, United States
- Type
- Buyout
On April 24, 2020 Northwest Bancshares, Inc. completed its acquisition of MutualFirst Financial, Inc., the holding company for MutualBank. The stock-for-stock merger (each MutualFirst share converted into 2.4 shares of Northwest) valued the deal at approximately $213.4 million; MutualBank brought ~$2.1 billion in assets and 36 full‑service offices in Indiana, expanding Northwest's footprint to roughly $12.8 billion in assets and 214 branches.
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Frequently Asked Questions
Which parts of Indiana’s financial services are most active in these deals?
The page highlights activity across credit unions, community banks, registered investment advisers, and insurance-related platforms and services—focused on growth, capability expansion, and geographic footprint in Indiana.
What kinds of acquisition structures show up most often?
Transactions include mergers and acquisitions that are subject to regulatory approvals and, depending on the deal type, board and member/shareholder votes (for example, the planned credit union merger involving Notre Dame Federal Credit Union).
Are there recurring acquirers appearing across multiple years?
Yes. The page lists recurring buyer names such as WisdomTree, Inc., Notre Dame Federal Credit Union, First Internet Bancorp, Richmond Mutual Bancorporation, Inc., Community Financial System, Inc., Crane Credit Union, and Waverly Advisors, LLC.
Do the deals focus only on banks, or also on wealth and insurance?
They cover more than banks. Examples include RIA acquisitions in Indiana (e.g., Wealth Enhancement and Waverly Advisors) and insurance distribution/underwriting and licensing services (e.g., Goldman Sachs Asset Management acquiring DOXA Insurance Holdings and ReSource Pro acquiring Supportive Insurance Services (SIS)).