BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: First Savings Financial Group, Inc. (Nasdaq – FSFG), 1st Colonial Bancorp, Inc. (OTCPK - FCOB), Aris Water Solutions, Inc. (NYSE - ARIS)

By: Brodsky & Smith LLC via GlobeNewswire

September 25, 2025 at 10:41 AM EDT

BALA CYNWYD, Pa., Sept. 25, 2025 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.

First Savings Financial Group, Inc. (Nasdaq – FSFG)

Under the terms of the Merger Agreement, First Savings will be acquired by First Merchants Corporation (“First Merchants”) (Nasdaq - FRME). Common shareholders of First Savings will receive 0.85 of a share of First Merchants common stock for each share of First Savings common stock owned. Based on the closing price of First Merchants common stock on September 24, 2025 of $39.53 per share, the implied merger consideration for each share of First Savings common stock is $33.60 per share. The investigation concerns whether the First Savings Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.

Additional information can be found at https://www.brodskysmith.com/cases/first-savings-financial-group-inc-nasdaq-fsfg/.

1st Colonial Bancorp, Inc. (OTCPK - FCOB)

Under the terms of the Merger Agreement, 1^st Colonial will be acquired by Mid Penn Bancorp, Inc. (“Mid Penn”) (Nasdaq - MPB). 1st Colonial shareholders will have the option to elect to receive either 0.6945 of a share of Mid Penn common stock or $18.50 in cash for each common share of 1st Colonial they own, subject to proration to ensure that, in the aggregate, 60% of the transaction consideration will be paid in the form of Mid Penn common stock. This values the transaction at approximately $20.03 per 1st Colonial common share. The investigation concerns whether the 1st Colonial Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.

Additional information can be found at https://www.brodskysmith.com/cases/1st-colonial-bancorp-inc-otcpk-fcob/ .

Aris Water Solutions, Inc. (NYSE - ARIS)

Under the terms of the agreement, Aris will be acquired by Western Midstream Partners, LP (“WES”) (NYSE - WES). Aris shareholders will receive 0.625 common units of WES for each Aris share, with the option to elect to receive $25.00 per share in cash. The total enterprise value of the transaction is approximately $2.0 billion before transaction costs. The investigation concerns whether the Aris Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.

Additional information can be found at https://www.brodskysmith.com/cases/aris-water-solutions-inc-nyse-aris/.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.