The acquisition was completed in January 1991 and Farmers Loan and Trust was renamed the INB Banking Company, Northeast. In August 1990, INB Financial Corporation announced the pending acquisition of the Salem-based Homestate Bancorp with its State Bank of Salem subsidiary for $6.1 million in cash. The acquisition was completed in March 1991. NBD Indiana In March 1992, Detroit, Michigan–based NBD Bancorp announced the pending acquisition of INB Financial Corporation, the largest Indiana-based bank holding company with its six subsidiary banks, including its flagship bank, Indiana National Bank, the largest Indiana-owned bank at the time of the announcement. NBD paid $876 million in stock and the acquisition was completed in October 1992. INB Financial was renamed NBD Indiana and all of the separate INB banks were merged into a single statewide NBD Bank that was headquartered in Indianapolis. See also Thomas W. Binford References Banks based in Indiana 1992 mergers and acquisitions Companies formerly listed on the Nasdaq Defunct banks of the United States Defunct companies based in Indianapolis