content: SECURITIES AND EXCHANGE COMMISSION
                                       
                             WASHINGTON, DC  20549
                                       
                                   FORM 8-K
                                       
                                CURRENT REPORT
                                       
                    PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934
                                       
               Date of Report (Date of earliest event reported)
                                 June 2, 1997
                                       
  
                            INDIANA UNITED BANCORP
            (Exact name of registrant as specified in its charter)
  
                                    INDIANA
        (State or other jurisdiction of incorporation or organization)
  
                 0-12422                          35-1562245
        (Commission file number)     (IRS Employer Identification No.)
  
            201 NORTH BROADWAY    GREENSBURG, INDIANA        47240
            (Address of principal executive offices)       (Zip Code)
  
                                  (812)  663-0157
              (Registrant's telephone number, including area code)
                                       
                                NOT APPLICABLE
             (Former name, former address and former fiscal year,
                        if changed since last report.)
                                       
  <PAGE>                                     
                                       
                                       
  ITEM 5.  OTHER EVENTS
  
       On June 2, 1997 Indiana United Bancorp ("IUB") and P.T.C. Bancorp
  (PTC") jointly announced they have reached an agreement in principle which
  is expected to lead to a merger of the two Indiana community banking
  companies.  IUB is headquartered in Greensburg, Indiana and PTC is
  headquartered in Brookville, Indiana.  The proposed transaction is viewed
  as a merger of equals, with the combined entity retaining the name of
  Indiana United Bancorp.
  
       PTC shareholders will receive 1.075 shares of IUB common stock for
  each common share of PTC.  The exchange will result in approximately
  1,137,000 shares of IUB common stock issued.  Upon completion of the
  transaction, IUB will have approximately 2,388,000 common shares
  outstanding.
  
  ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS
  
         (c)  Exhibits.
  
        28.  Joint News Release of P.T.C. Bancorp and Indiana United Bancorp
      issued June 2, 1997.
  
  
                                   SIGNATURE
  
       Pursuant to the requirements of the Securities Exchange Act of 1934,
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned thereunto duly authorized.
  
  
                                                  INDIANA UNITED BANCORP
  
  
  Date:  June 6, 1997
  
                                                  By:  /s/ Robert E. Hoptry
                                                  Robert E. Hoptry
                                                  President and Chief
                                                  Executive Officer
  
  <PAGE>
  
  
                               Index of Exhibits
  
  
                                                                     Page
  Exhibit Number     Description                                    Number
  
    28             Joint News Release of P.T.C. Bancorp and
                   Indiana United Bancorp issued June 2, 1997.        4-5
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3443}]
metadata_filer: {"company-data": {"conformed-name": "INDIANA UNITED BANCORP", "cik": "0000720002", "assigned-sic": "6022", "irs-number": "351562245", "state-of-incorporation": "IN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12422", "film-number": "97620464"}, "business-address": {"street1": "201 N BROADWAY", "street2": "PO BOX 87", "city": "GREENSBURG", "state": "IN", "zip": "47240", "phone": "8126634711"}, "mail-address": {"street1": "201 NORTH BROADWAY", "street2": "P O BOX 87", "city": "GREENSBURG", "state": "IN", "zip": "47240"}}
text: SECURITIES AND EXCHANGE COMMISSION
                                       
                             WASHINGTON, DC  20549
                                       
                                   FORM 8-K
                                       
                                CURRENT REPORT
                                       
                    PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934
                                       
               Date of Report (Date of earliest event reported)
                                 June 2, 1997
                                       
  
                            INDIANA UNITED BANCORP
            (Exact name of registrant as specified in its charter)
  
                                    INDIANA
        (State or other jurisdiction of incorporation or organization)
  
                 0-12422                          35-1562245
        (Commission file number)     (IRS Employer Identification No.)
  
            201 NORTH BROADWAY    GREENSBURG, INDIANA        47240
            (Address of principal executive offices)       (Zip Code)
  
                                  (812)  663-0157
              (Registrant's telephone number, including area code)
                                       
                                NOT APPLICABLE
             (Former name, former address and former fiscal year,
                        if changed since last report.)
  ITEM 5.  OTHER EVENTS
  
       On June 2, 1997 Indiana United Bancorp ("IUB") and P.T.C. Bancorp
  (PTC") jointly announced they have reached an agreement in principle which
  is expected to lead to a merger of the two Indiana community banking
  companies.  IUB is headquartered in Greensburg, Indiana and PTC is
  headquartered in Brookville, Indiana.  The proposed transaction is viewed
  as a merger of equals, with the combined entity retaining the name of
  Indiana United Bancorp.
  
       PTC shareholders will receive 1.075 shares of IUB common stock for
  each common share of PTC.  The exchange will result in approximately
  1,137,000 shares of IUB common stock issued.  Upon completion of the
  transaction, IUB will have approximately 2,388,000 common shares
  outstanding.
  
  ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS
  
         (c)  Exhibits.
  
        28.  Joint News Release of P.T.C. Bancorp and Indiana United Bancorp
      issued June 2, 1997.
  
                                   SIGNATURE
  
       Pursuant to the requirements of the Securities Exchange Act of 1934,
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned thereunto duly authorized.
  
                                                  INDIANA UNITED BANCORP
  
  Date:  June 6, 1997
  
                                                  By:  /s/ Robert E. Hoptry
                                                  Robert E. Hoptry
                                                  President and Chief
                                                  Executive Officer
  Index of Exhibits
  
                                                                     Page
  Exhibit Number     Description                                    Number
  
    28             Joint News Release of P.T.C. Bancorp and
                   Indiana United Bancorp issued June 2, 1997.        4-5