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Updated: 10:48 a.m. Friday, July 29, 2011 | Posted: 10:47 a.m. Friday, July 29, 2011

First Financial posts 2Q profit

By Tim Tresslar

Staff Writer

First Financial Bancorp — which recently announced plans to acquire Liberty Savings Bank and boost its Dayton presence — said Friday it ended its second quarter with a profit.

For the period ended June 30, the Cincinnati-based bank said it earned $16 million, or 27 cents per share, compared with $17.8 million, or earnings per diluted share of 30 cents.

For the first half, First Financial posted net income available to common shareholders of $33.2 million, or 57 cents per share, compared to net income available to common shareholders of $27.5 million, or 48 cents per diluted share, the company said.

First Financial’s deal with Liberty will include 16 Ohio branches and $346.2 million in deposits. The acquisition, which requires regulatory approval, would make First Financial the seventh largest bank in the Dayton metro area, with $430 million in deposits.

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