CINCINNATI, Jan. 3, 2017 /PRNewswire/ -- First Financial
Bancorp. (Nasdaq: FFBC) today announced that effective as of the
close of business on December 30,
2016, its subsidiary, First Financial Bank, National
Association, converted from a national association to an
Ohio state chartered bank and
changed its name to First Financial Bank.
First Financial Bank is now a member bank of the Federal Reserve
System through the Federal Reserve Bank of Cleveland. The conversion is not expected to
affect the Bank's clients in any way, and they continue to receive
the same protection on deposits through the FDIC.
Claude Davis, the Company's Chief
Executive Officer, stated, "The charter conversion is a strategic
move for the long-term benefit of our shareholders, clients and
associates. The charter conversion will not impact any of the
products and services we provide to our clients and we will
continue to deliver the highest level of service they have come to
expect from us every day."
Additional information about First Financial can be found by
visiting bankatfirst.com.
About First Financial Bancorp
First Financial Bancorp.
is a Cincinnati, Ohio based bank
holding company. As of September 30,
2016, the Company had $8.4
billion in assets, $5.8
billion in loans, $6.3 billion
in deposits and $861.1 million in
shareholders' equity. The Company's subsidiary, First Financial
Bank, founded in 1863, provides banking and financial services
products through its four lines of business: Commercial and Private
Banking, Retail Banking, Investment Commercial Real Estate and
Commercial Finance. These business units provide traditional
banking services to business and retail clients. Commercial and
Private Banking includes First Financial Wealth Management, which
provides wealth planning, portfolio management, trust and estate,
brokerage and retirement plan services and had approximately
$2.4 billion in assets under
management as of September 30, 2016.
The Company's primary operating markets are located in Ohio, Indiana
and Kentucky where it operates 101
banking centers, while the Commercial Finance business lends into
targeted industry verticals on a nationwide basis. Additional
information about the Company, including its products, services and
banking locations is available at www.bankatfirst.com.
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SOURCE First Financial Bancorp