First Financial Bank Buys 17 Branches From Peoples Community |
Tuesday, May 19, 2009 9:26:46 AM - Middletown Ohio |
By: Randy Lewis
One of greater Cincinnati’s largest banks has just become a little larger. First Financial Bancorp has purchased 17 banking centers from People’s Community bank for $12 million.
First Financial Bank currently has 87 banking centers in Ohio, Indiana, and northern Kentucky.
Although First Financial will take over these banks they will not assume any loans that are more than a month past due or consider any non-performing loans or certain high-risk commercial loans. The employees of the acquired banks (close to 100) will stay on with First Financial as the company talks about consolidations.
First Financials purchase of the Peoples Community banking centers included three branches in Butler County.
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