FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 4, 1997
GERMAN AMERICAN BANCORP
(Exact name of registrant as specified in charter)
Indiana 0-11244 35-1547518
State or other juris- (Commission File Number) (IRS Employer
diction of incorporation) Identification Number)
711 Main Street, Jasper, Indiana 47546
(Address of Principal Executive Offices)
(812) 482-1314
(Registrant's telephone number, including area code)
NA
(Former Name and Former Address, if changed since last report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On March 4, 1997, German American Bancorp (the "Registrant")
completed its acquisition by merger (the "Merger") of Peoples
Bancorp of Washington, an Indiana corporation ("Peoples") and
thereby acquired its banking subsidiary, The Peoples National Bank
and Trust Company ("Peoples Bank"), headquartered in Washington,
Indiana. In connection with the Merger, the Registrant issued
approximately 615,417 shares of its common stock to the former
shareholders of Peoples.
In connection with the Merger, the Registrant caused its
subsidiary, The Union Bank, Loogootee, Indiana, to merge with and
into Peoples Bank. Peoples Bank will continue its banking business
and that of The Union Bank as a wholly-owned subsidiary of the
Registrant.
The amount of the Merger consideration was determined by arms-
length negotiations between the Registrant and Peoples. Peoples
reported net income for the year ended December 31, 1996 of
$829,000, and reported total assets of $91,937,000 and total
shareholders' equity of $9,452,000 at December 31, 1996.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) and (b) The Registrant expects to amend this Current
Report on or before March 19, 1997, to furnish under Item 7 the
financial statements of Peoples and the pro forma financial
information required by Article 11 of Regulation S-X with respect
to the Merger.
(c) Exhibits.
EXHIBIT NO. DESCRIPTION
2 Agreement and Plan of Reorganization by and
among Peoples Bancorp of Washington, the
Registrant, and certain subsidiaries dated
September 27, 1996. The copy of this exhibit
filed as Exhibit 2 to the Registrant's
Quarterly Report on Form 10-Q for the quarter
ended September 30, 1996, is incorporated by
reference.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Date: March 6, 1997 GERMAN AMERICAN BANCORP
By /s/ George W. Astrike
________________________________
George W. Astrike, Chairman of the
Board and Chief Executive Officer
