There has been another change in executives at First Financial Bancorp.
Gregory Gehlmann is resigning as the bank’s executive vice president, corporate general counsel and corporate secretary, according to a filing made Wednesday with the U.S. Securities and Exchange Commission.
Gehlmann is expected to be an employee until Oct. 31 and assist in the transition until his departure, according to the bank’s filing. Gehlmann joined First Financial in 2005. He played a “significant” role in First Financial’s expansion and the development of its legal function during a time of “rapid change” in the financial services industry and the regulatory environment, the filing said.
The bank also said in the regulatory filing that Gehlmann’s departure is not related to the “company’s financial condition, financial reporting practices or any disagreement with the company.”
This announcement follows the news Monday that First Financial’s regional president of the Dayton-Middletown market has changed, with Roger Furrer leaving the position. No formal announcement was made about Furrer’s departure.
Previously in August, Cincinnati-based First Financial made several top leadership changes.
Anthony Stollings, executive vice president and chief financial officer, also assumed the title of chief administrative officer, according to filings First Financial made with the SEC on Aug. 27. Stollings has the overall responsibility for managing the corporate activities of the company, the filing reads.
Stollings became chief financial officer on Jan. 18, 2013, replacing long-time CFO Frank Hall.
Claude Davis, chairman, president and chief executive officer, is continuing in the positions of chairman and CEO.
However, First Financial in August divided the role of president for the bank by line of business leaders in this way: Kevin Langford, president — consumer banking; C. Douglas Lefferson, president — commercial banking and wealth management; and Jill Stanton, president — mortgage banking.
In the August filing, First Financial said the designation as president allows each of the line of business leaders to execute their plans and strategies, and work as a bank management team to assume clearly defined day-to-day operating responsibility.
First Financial is the eighth largest bank by deposits in the Dayton metropolitan, and fifth largest in the Cincinnati metro, according to the Federal Deposit Insurance Corp.
First Financial’s stock price closed Wednesday at $14.56 per share, down less than 1 percent from Tuesday’s closing price of $14.65.
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