First Financial Integration of MainSource Branches Complete
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe final step of Cincinnati-based First Financial Bancorp’s (Nasdaq: FFBC) $1 billion merger with MainSource Financial Group in Greensburg is complete. All of the former MainSource Bank branches have been integrated into the First Financial Bank brand.
The merger officially closed last month after being first announced in July 2017. The deal has resulted in more than 150 banking center locations throughout Ohio, Indiana, Illinois and Kentucky for First Financial, as well as more than 55,000 ATMs.
First Financial says the merger has also increased its total asset size from $8.9 billion to $14 billion. Executive Chairman Claude Davis calls the completion of the branch integration a significant day in the company’s history.
"It’s something we’ve worked toward during the course of my time here, and it marks the beginning of an exciting new chapter for our bank," said Davis. "I’m proud of all we have accomplished, and look forward to continuing our trajectory of growth."
As part of the merger, First Financial also had to sell five bank branches to Jasper-based German American Bancorp (Nasdaq: GABC), which was completed last week.