Wednesday, May 22, 2013 | 9:16 a.m.
Hi, (not you?) | Member Center | Sign Out
Updated: 10:15 p.m. Sunday, Sept. 25, 2011 | Posted: 10:14 p.m. Sunday, Sept. 25, 2011
By Tim Tresslar
Staff Writer
First Financial Bancorp., a Cincinnati-based financial services firm, has finished its purchase of Liberty Savings Bank’s 16 Ohio branches and deposits.
The former Liberty Savings offices are to reopen under the First Financial nameplate today, First Financial executives said. Liberty offices were closed Saturday to finish the conversion to First Financial branches, including sign changes.
With the acquisition, the parent of First Financial gains approximately $325 million in deposits as well as $150 million in real estate, residential mortgage, home equity and other loans from Liberty.
With the acquisition, First Financial becomes the seventh largest bank in the Dayton metropolitan statistical area, based on deposit market share, executives said. It was expected to emerge from the deal with more than $400 million in deposits in Greene, Miami, Montgomery and Preble counties. Before the acquisition, First Financial had two branches in the Dayton metro area.
In the Dayton area, First Financial will have 90 employees, up from 20 prior to the acquisition, said Roger Furrer, commercial regional president.
Thirteen of Liberty’s branches are located in the Dayton area, while three others are in Clinton and Highland counties, Furrer said.
Including the Liberty offices, First Financial will have 116 offices in three states and 142 ATMs, executives said.
Liberty Savings has said it will focus on its remaining 18 branches in Colorado, Florida and South Carolina. The company also has said it will maintain back-office operations at Liberty Tower in downtown Dayton and Liberty Center in Wilmington. It also will have mortgage-servicing and online banking operations in Ohio, executives have said.
First Financial recently announced plans to relocate its headquarters to a new building in downtown Cincinnati. Additionally, in August it said it plans to buy 22 Indiana branches and deposits from Flagstar Bancorp.
Shares of First Financial (Nasdaq: FFBC) were trading Friday at $13.66, up 32 cents from the previous day’s close. The stock has a 52-week range of $12.84 and $19.57.
Inside Dayton Daily NewsFollow & ShareGeneral InformationAdvertisers & SponsorsOur Partners |
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
Already have an account? Sign In
{* #registrationForm *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Already have an account? Sign In
{* #registrationFormBlank *} {* registration_firstName *} {* registration_lastName *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddressBlank *} {* registration_birthday *} {* registration_gender *} {* registration_postalZip *} {* traditionalRegistration_passwordBlank *} {* traditionalRegistration_passwordConfirmBlank *} {* agreeToTerms *}We have sent you a confirmation email. Please check your email and click on the link to activate your account.
We look forward to seeing you frequently. Visit us and sign in to update your profile, receive the latest news and keep up to date with mobile alerts.
Don't worry, it happens. We'll send you a link to create a new password.
{* #forgotPasswordForm *} {* forgotPassword_emailAddress *}We have sent you an email with a link to change your password.
We've sent an email with instructions to create a new password. Your existing password has not been changed.
To sign in you must verify your email address. Fill out the form below and we'll send you an email to verify.
{* #resendVerificationForm *} {* resendVerification_emailAddress *}Check your email for a link to verify your email address.

You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}