First Financial Bancorp Acquires BankFinancial to Enhance Market Presence and Service Offerings

First Financial Bancorp Expands its Reach with BankFinancial Acquisition

First Financial Bancorp, a prominent bank holding company based in Cincinnati, secures crucial regulatory approval for its acquisition of BankFinancial Corporation. This strategic move, valued at approximately $142 million in an all-stock transaction, aligns with First Financial's objective to enhance its footprint in the banking sector. The acquisition receives the green light from both the Federal Reserve and the Ohio Department of Financial Institutions. With the deal expected to finalize around January 1, 2026, pending shareholder approval from BankFinancial and customary closing conditions, First Financial positions itself for increased operational capacity and market presence.

This acquisition is significant, as it allows First Financial to expand its service offerings and geographic reach. As of September 30, 2025, First Financial reports assets totaling $18.6 billion, with substantial loans and deposits amounting to $11.7 billion and $14.4 billion, respectively. The bank operates through its subsidiary, First Financial Bank, which has delivered comprehensive banking and financial services since its inception in 1863. The company’s diverse business lines, including Commercial, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance, and Wealth Management, enable it to cater to a wide array of customer needs. Notably, its Wealth Management segment manages around $4.0 billion in assets, illustrating First Financial's capability in handling diverse financial portfolios.

First Financial's commitment to community service and excellence further distinguishes it in the competitive banking industry. For two consecutive years, the Federal Reserve has awarded First Financial Bank an "Outstanding" rating under the Community Reinvestment Act, reflecting its dedication to serving local communities. Additionally, in 2025, the bank received a Gallup Exceptional Workplace Award, marking it among only 70 clients globally recognized for fostering outstanding workplace environments. These accolades not only enhance the bank's reputation but also signify its potential for sustainable growth post-acquisition.

In related news, First Financial Bancorp continues to leverage its extensive network of 127 full-service banking centers across Ohio, Indiana, Kentucky, and Illinois. This infrastructure supports its strategic initiatives, including the impending acquisition of BankFinancial. With a focus on improving customer experience and expanding its service capabilities, First Financial is well-positioned to navigate the evolving landscape of the banking industry.

As the company moves toward the anticipated acquisition, it remains committed to maintaining its high standards of service quality and community engagement, reflecting a strong foundation for future growth and stability. Further information regarding First Financial's services and the acquisition can be accessed at bankatfirst.com.