Shareholders OK First Financial merger

Gregory Silva (left) helps Vonda and Ray Thompson close a certificate of deposit at First Financial Bank on High Street in downtown Hamilton in 2013. First Financial was founded in Hamilton more than 150 years ago. NICK DAGGY / STAFF

Gregory Silva (left) helps Vonda and Ray Thompson close a certificate of deposit at First Financial Bank on High Street in downtown Hamilton in 2013. First Financial was founded in Hamilton more than 150 years ago. NICK DAGGY / STAFF
Business
By
Dec 5, 2017
X

Shareholders have approved a merger of First Financial Bancorp and MainSource Financial Group, Inc., both companies said Tuesday.

The merger was first announced in July.

RELATED: Bank pledges $30B in community investments, lending

The transaction remains subject to receipt of all required regulatory approvals and satisfaction of customary closing conditions, and is expected to close in early 2018, the companies said.

On closing the banking subsidiaries of each will also merge, with First Financial Bank as the surviving entity, the banks said.

MORE: Starbucks property near UD has new owner

The MainSource branches will continue to operate under the name “MainSource Bank” until the conversion of the operating systems, expected to occur in the second quarter of 2018.

First Financial Bank was founded in Hamilton in 1863. First Financial Bancorp was the holding company formed to allow the bank to make acquisitions and expand.

MORE: Developer eyes $30M project 'in the heart of Beavercreek'

In Other News
1
Does Ohio need a paid family leave policy? New report says yes
2
EXCLUSIVE: Amazon considers building Ohio data center in Fayette County
3
Centerville’s first collaborative workspace to debut in city’s uptown
4
WOMEN IN BUSINESS: Ashley Scharrer, president of Moonlight Security...
5
Cincinnati Children’s continues upward expansion with plans for...

About the Author

Follow Thomas Gnau on facebookFollow Thomas Gnau on twitter

Thomas Gnau is a business reporter who joined the Dayton Daily News in 2007. He has reported for daily newspapers in Ohio since 1991.