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First Financial Bancorp to acquire First Bexley Bank


Wednesday, 18 Dec 2013 09:03am EST 

First Financial Bancorp:Says and The First Bexley Bank signs a definitive merger agreement.First Financial will acquire First Bexley in a cash and stock transaction in which First Bexley will merge with and into First Financial Bank.The merger agreement was unanimously approved by the boards of directors of each party.Shareholders of First Bexley will receive $30.50 for each share of First Bexley common stock consisting of $24.40 in the company's common stock and $6.10 in cash.The transaction is expected to be completed during the first half of 2014.Squire Sanders (US) LLP served as legal counsel to First Financial. Keefe, Bruyette and Woods, Inc. served as financial advisor and provided a fairness opinion to First Bexley's board of directors and Patton Boggs LLP served as legal counsel to First Bexley. 

Company Quote

18.11
-0.13 -0.71%
26 Nov 2014