First Financial Bank

Last updated
First Financial Corporation
First Financial Bank
TypePublic
Nasdaq:  THFF
Russell 2000 Component
Industry Finance
Founded1834;188 years ago (1834) as the Terre Haute branch of the Second State Bank of Indiana
Headquarters Terre Haute, Indiana, USA
Area served
Indiana, Illinois, Kentucky, Tennessee
Key people
Norman L. Lowery, Vice Chairman & CEO
Products Financial services
Number of employees
More than 2000 (2010) [1]
Website first-online.bank

First Financial Bank is a regional bank operated by First Financial Corporation and based in Terre Haute, Indiana. It is the oldest national bank in Indiana. First Financial Corporation is Vigo County's only publicly traded company.

Contents

History

The bank was founded in 1834 as a branch of the Second State Bank of Indiana and later became known as Terre Haute First National Bank. In 1983, First Financial Corporation was established as the bank's holding company, and in August 1984 it became Indiana's first multi-bank holding company. After mergers and acquisitions, the various banks affiliated as First Financial Bank in 2003.

For most of its existence, First Financial operated largely in the Indiana and Illinois counties around Terre Haute, but two recent mergers greatly expanded the corporation's footprint.

On July 29, 2019, First Financial Corporation announced completion of its merger with HopFed Bancorp, Inc. (HFBC) and the merger of First Financial Bank with HFBC’s wholly owned subsidiary, Heritage Bank USA. [2]

In August 2021, First Financial Bank announced that it was acquiring Hancock Bank & Trust, a longtime community bank based in Hawesville, Kentucky. [3] [4] The deal, which added branch locations in Hawesville, Lewisport, Madisonville, Cloverport and Bowling Green in Kentucky to the First Financial portfolio, was valued at $31.3 million dollars ($18.38/share).

Also in 2021, First Financial Corporation announced on September 27 that The Morris Plan Company of Terre Haute, long a subsidiary of the company, [1] would be merged into First Financial Bank, effective December 31, 2021. [5]

As a result of the mergers in 2019 and 2021, First Financial Bank now operates banking centers and loan production offices in Indiana, Illinois, Kentucky and Tennessee.

Services

The company offers cash management services, lease financing, debit cards, online banking, and other electronically accessed banking services. First Financial Bank also provides various services, including investment advisory and wealth management, investment and brokerage, and investment consulting.

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References

  1. 1 2 "First Financial Bank Corporate Profile". SNL Financial. Retrieved 2010-06-23.
  2. "First Financial Corporation and HopFed Bancorp Announce Completion of Merger Transaction". 29 July 2019.
  3. "First Financial to acquire Hancock Bank & Trust Company for $31.35m". 11 August 2021.
  4. "Hancock Bank merges with First Financial Corporation".
  5. "TH First Financial Corp. merges with The Morris Plan". Terre Haute Tribune-Star . September 27, 2021. Retrieved September 28, 2021.{{cite web}}: CS1 maint: url-status (link)