Document:

Exhibit
4.5 

    

    GERMAN
AMERICAN BANCORP, INC.

     

     Notice
of Offer of 8% Redeemable Subordinated Debentures due 2019 

     

    Pursuant
to Subscription Rights

     

     March
__, 2009 

    Dear
Shareholder:

     

     This
notice is being distributed by German American Bancorp, Inc. ("GABC") to all
holders of record of its common shares, no par value (the Common Stock"), at the
close of business on March 16, 2009 (the "Record Date"), in connection with a
distribution in a rights offering (the "Rights Offering") of non-transferable
subscription rights (the "Rights") to subscribe for and purchase 8% redeemable
subordinated debentures due 2019 (the "Debentures"). The Rights and Debentures
are described in the GABC prospectus dated March __, 2009 (the
"Prospectus").  The Rights will expire, if not exercised, at 5:00
p.m., New York City time, on April __, 2009, unless extended in the sole
discretion of GABC (as it may be extended, the "Expiration Date").  As
described in the accompanying Prospectus, you will receive one (1) Right for
each share of Common Stock owned of record as of the close of business on the
Record Date. 

     

    Each
Right entitles you to subscribe for $1.36 in principal amount of Debentures at a
subscription price of 100% of the principal amount (the "Subscription Price")
(the "Basic Subscription Privilege").  Debentures are being issued in
denominations of $10,000 and integral multiples of $10,000.  You may
round up the principal amount of your Basic Subscription Privilege to the next
highest integral multiple of $10,000 (the "Rounding-Up
Privilege").  For example, if you hold 5,000 shares, you would have
5,000 Rights, exercisable for $6,800 in principal amount of Debentures under the
Basic Subscription Privilege, but would be entitled to subscribe to purchase
$10,000 in principal amount of Debentures under the Rounding-Up
Privilege.  If you exercise your Basic Subscription Privilege in full
including your Rounding-Up Privilege, you may also exercise an over-subscription
privilege (the "Over-Subscription Privilege") to purchase additional Debentures
that remain unsubscribed for at the expiration of the Rights Offering. If
holders subscribe to purchase a greater principal amount of Debentures than is
available to be purchased pursuant to the Rights Offering, GABC will allocate
the Debentures to be issued in accordance with the method for allotting
Debentures described in the Prospectus.  See "The Rights Offering –
Allocation Procedures if Subscriptions Exceed Offering Size."  Excess
subscription payments will be returned to subscribers without
interest.

     

     The
Rights are evidenced by non-transferable subscription certificates (the
"Subscription Certificates") and will cease to have any value at the close of
business on the Expiration Date. 

    

     Enclosed
are copies of the following documents:  a copy of the Prospectus; your
Subscription Certificate; the form of Notice of Guaranteed Delivery; and a
return envelope addressed to Computershare, the subscription agent for the
Rights Offering (the "Subscription Agent"). 

     

     To
exercise Rights, you must properly complete and sign the Subscription
Certificate (or must cause an eligible institution to deliver on your behalf a
Notice of Guaranteed Delivery if you are following the Guaranteed Delivery
Procedures) and forward it, with payment of the Subscription Price in full for
all Debentures subscribed for pursuant to the Basic Subscription Privilege, the
Rounding-Up Privilege and the Over-Subscription Privilege, to the Subscription
Agent, as indicated in the Prospectus. The Subscription Agent must receive the
Subscription Certificate or Notice of Guaranteed Delivery with payment of the
Subscription Price, including final clearance of any checks, prior to 5:00 p.m.,
New York City time, on the Expiration Date. You cannot revoke the exercise of
your Rights. Rights not exercised prior to the Expiration Date will
expire.  

     

    Additional
copies of the enclosed materials may be obtained from the Information
Agent:

     

    The
Information Agent for the Rights Offering is:

     

    

     

    199 Water
Street – 26 th Floor,
New York, NY  10038

    Banks and
Brokers Call:  (212) 440-9800

    Call Toll
Free:  (800) 733-6860Unassociated Document

     

     Exhibit
4.6 

    GERMAN
AMERICAN BANCORP, INC.

     

     Notice
of Offer of 8% Redeemable Subordinated Debentures due 2019 

    Pursuant
to Subscription Rights

     

     March
__, 2009 

    To
Securities Dealers, Commercial Banks,

      Trust
Companies and Other Nominees:

     

     This
Notice is being distributed by German American Bancorp, Inc. ("GABC") to
securities dealers, commercial banks, trust companies and other nominees in
connection with the rights offering (the "Rights Offering") by GABC of 8%
redeemable subordinated debentures due 2019 (the "Debentures") pursuant to
non-transferable subscription rights (the "Rights") being distributed to all
holders of record of GABC’s common shares, no par value (the "Common Stock"), at
the close of business on March 16, 2009 (the "Record Date"). The Rights and
Debentures are described in the GABC prospectus dated March __, 2009 (the
"Prospectus").  The Rights will expire, if not exercised, at 5:00
p.m., New York City time, on April __, 2009, unless extended in the sole
discretion of GABC (as it may be extended, the "Expiration Date").  As
described in the accompanying Prospectus, holders will receive one (1) Right for
each share of Common Stock owned of record as of the close of business on the
Record Date. 

     

    Each
Right entitles the holder to subscribe for $1.36 in principal amount of
Debentures at a subscription price of 100% of the principal amount (the
"Subscription Price") (the "Basic Subscription
Privilege").  Debentures are being issued in denominations of $10,000
and integral multiples of $10,000.  A holder may round up the
principal amount of the holder's Basic Subscription Privilege to the next
highest integral multiple of $10,000 (the "Rounding-Up
Privilege").  For example, if the holder holds 5,000 shares, that
holder would have 5,000 Rights, exercisable for $6,800 in principal amount of
Debentures under the Basic Subscription Privilege, but would be entitled to
subscribe to purchase $10,000 in principal amount of Debentures under the
Rounding-Up Privilege.  If a holder  exercises the holder's
Basic Subscription Privilege in full including the Rounding-Up Privilege, that
holder may also exercise an over-subscription privilege (the "Over-Subscription
Privilege") to purchase additional Debentures that remain unsubscribed for at
the expiration of the Rights Offering. If holders subscribe to purchase a
greater principal amount of Debentures than is available to be purchased
pursuant to the Rights Offering, GABC will allocate the Debentures to be issued
in accordance with the method for allotting Debentures described in the
Prospectus.  See "The Rights Offering – Allocation Procedures if
Subscriptions Exceed Offering Size."  Excess subscription payments
will be returned to subscribers without interest.

     

     The
Rights are evidenced by non-transferable Subscription Certificates (the
"Subscription Certificates") and will cease to have any value at the close of
business on the Expiration Date. 

     

    We are
asking persons who hold shares of Common Stock beneficially and who have
received the Rights distributable with respect to those shares through a broker,
dealer, commercial bank, trust company or other nominee, as well as persons who
hold certificates of Common Stock directly and prefer to have such institutions
effect transactions relating to the Rights on their behalf, to contact the
appropriate institution or nominee and request it to effect the transactions for
them.

     

    All fees
and other expenses, other than fees and expenses of the Subscription Agent,
incurred in connection with the exercise of the Rights will be for the account
of the holder of the Rights, and none of such fees or expenses will be paid by
GABC or the Subscription Agent.

    

    Enclosed
are copies of the following documents:

    

    1.           A
copy of the Prospectus;

     2.             your
Subscription Certificate; 

     3.             a
form of letter, including a beneficial owner election form, which may be sent to
your clients for whose account you hold shares of Common Stock registered in
your name or the name of your nominee; 

     4.             the
form of Notice of Guaranteed Delivery; 

     5.             a
return envelope addressed to Computershare, the subscription agent for the
Rights Offering (the "Subscription Agent"). 

     

     To
exercise Rights, you must properly complete and sign the Subscription
Certificate (or the Notice of Guaranteed Delivery if you are following the
Guaranteed Delivery Procedures) and forward it, with payment of the Subscription
Price in full for all Debentures subscribed for pursuant to the Basic
Subscription Privilege, the Rounding-Up Privilege and the Over-Subscription
Privilege, to the Subscription Agent or notify the depositary (DTC) of your
intent to subscribe through the Agents Subscription Offer Program (ASOP). The
Subscription Agent must receive the Rights Certificate with payment of the
Subscription Price, including final clearance of any checks, or Notice of
Guaranteed Delivery, prior to 5:00 p.m., New York City time, on the Expiration
Date. A Rights holder cannot revoke the exercise of its Rights. Rights not
exercised prior to the Expiration Date will expire. 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        
          	
                  Very
      truly yours,

                
	 
      
	
                  GERMAN AMERICAN BANCORP,
INC.

                

        

      

    

     

    Additional
copies of the enclosed materials, as well as a separate beneficial owner
election form, may be obtained from:

     

    The
Information Agent for the Rights Offering is:

     

    

     

    NOTHING
IN THE PROSPECTUS OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU OR ANY
PERSON AS AN AGENT OF GERMAN AMERICAN BANCORP, INC., THE SUBSCRIPTION AGENT OR
ANY OTHER PERSON, OR AUTHORIZE YOU OR ANY OTHER PERSON TO MAKE ANY STATEMENTS ON
BEHALF OF ANY OF THEM WITH RESPECT TO THE OFFERING EXCEPT FOR STATEMENTS MADE IN
THE PROSPECTUS.

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