German American Bancorp Inc

NASDAQ:GABC   3:59:53 PM EDT
39.87
+0.42 (+1.06%)
Restructuring / Reorganization, Other Pre-Announcement

German American Bancorp Says German American Bank To Implement Various Staff Reductions During 2021

Published: 03/12/2021 12:33 GMT
German American Bancorp Inc (GABC) - German American Bancorp - on March 8, Board Approved Operating Optimization Plan Presented by German American Bank Unit.
German American Bancorp - Pursuant to Plan, German American Bank to Consolidate 7 Branch Offices, Implement Various Staff Reductions During 2021.
German American Bancorp - Expects to Record Pre-tax Charges of About $1.8 Million During Q1 2021 Related to Optimization Actions.
German American Bancorp - Expects to Record Additional Pre-tax Charges of About $1.2 Million During Remainder of 2021 Related to Optimization Actions.