Ameriana Bancorp

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Ameriana Bancorp (NASDAQ CM: ASBI) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Ameriana Bancorp (“Ameriana” or the “Company”) (NASDAQ CM: ASBI) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by First Merchants Corporation (“First Merchants”) (NASDAQ GS: FRME), in a transaction valued at approximately $68.8 million.

Under the terms of the agreement, shareholders of Ameriana will receive 0.9037 shares of First Merchants for each share of Ameriana they own.  Based on First Merchants’ closing price on June 26, 2015, Ameriana shareholders would have received compensation valued at approximately $22.71 per share.

The investigation concerns whether Ameriana’s board of directors failed to adequately shop the Company and obtain the best possible value for Ameriana’s shareholders before entering into an agreement with First Merchants.

If you own the common stock of Ameriana and purchased your shares before June 29, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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