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updated: 3/17/2010 1:54:41 PM
First Financial Releases Temporary Workers
Ohio-based First Financial Bank, N.A. (Nasdaq: FFBC) has laid off 50 temporary employees in Columbus who had been with the company since the takeover of Irwin Union Bank. Our partners at The Republic report First Financial temporarily hired Irwin employees in the information technology and operations departments through March 26.
Source: Inside INdiana Business
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In September 2009, state and federal regulators shut down Irwin Union, making it the first Indiana-based financial institution to fail during the recession.
The bank's presence in Columbus went back 140 years and it had ties to Cummins Inc. (NYSE: CMI).
First Financial Corporation is the holding company for First Financial Bank NA in Indiana and Illinois, The Morris Plan Company of Terre Haute and Forrest Sherer Inc. in Indiana.
Source: The Republic
