In April 1986, Indiana National Corporation announced the pending acquisition of the Jeffersonville-based CommerceAmerica Corporation with its CommerceAmerica Banking Company of Jeffersonville and The Old Capital Bank & Trust Company of Corydon subsidiaries for $73.5 million in stock. The acquisition was completed in August 1986. By late 1987, Indiana National wanted to expand into Monroe County, but was unable to find a local bank that it could purchase. Indiana bank branching law at that time did not allow the building of full branch offices beyond contiguous counties. To overcome that problem, Indiana National decided to purchase a small bank in Morgan County that would establish the desired branches in Monroe County before being absorbed. In January 1988, Indiana National Corporation announced the pending acquisition of the Mooresville-based Morgan County Bancorp with its Morgan County Bank & Trust Company subsidiary for $4 million. In November 1988, Indiana National Corporation announced that it planned to open three branch offices in Bloomington in early 1989. The new Bloomington offices were opened a few months later. To aid the company in its long-term goal to expand out of state and to enable the company to have a unified brand identity, the company adopted the INB brand for all business units in April 1989. Prior to this point, acquired banks maintained their previous identity, many of which were well known in their communities. Indiana National Corporation was renamed INB Financial Corporation, Indiana National Bank became INB National Bank, Lafayette National Bank became INB National Bank, N.W., and CommerceAmerica became INB Banking Company. In April 1989, the newly renamed INB Financial Corporation announced the pending acquisition of the Bedford-based Citizens Bancshares Corporation with its Citizens National Bank of Bedford subsidiary for $12.6 million. The acquisition was completed in September 1989. In September 1989, INB Financial Corporation announced the pending acquisition of the Chesterton-based CSB Inc. with its Chesterton State Bank subsidiary for $18.2 million. The acquisition was completed in June 1990 and the acquired bank was renamed INB Banking Company North. In February 1990, INB Financial Corporation announced the pending acquisition of the Evansville-based Peoples Savings Bank of Evansville for an undisclosed amount. The acquisition was completed in November 1990 and Peoples was renamed the INB Banking Company Southwest. In June 1990, INB Financial Corporation announced the pending acquisition of the Columbia City-based FL&T Corporation with its Farmers Loan and Trust Company subsidiary for $12 million.