FIRST FINANCIAL BANCORP. (NASDAQ:FFBC) Files An 8-K Other Events
Item 8.01Other Events.
On Monday, January 14, 2019, First Financial Bancorp. (the “Company”) announced that the Board of Directors has authorized the purchase of up to 5,000,000 shares of the Company’s common stock, representing approximately 5.0% of the Company’s issued and outstanding shares of common stock as of September 30, 2018.
The Board of Directors authorized this stock repurchase plan based on the strength of the Company’s balance sheet and capital position. The Board believes that a stock repurchase plan is an important tool that can be utilized to enhance long term shareholder value. Share repurchases will be made periodically as permitted by securities laws and other legal requirements and will be subject to market conditions as well as other factors. Repurchases may be made in the open market, through block trades or otherwise, and in privately negotiated transactions. If any share purchases are made, they will be over a period of not greater than twenty-four months. Share purchases may be commenced or suspended at any time or periodically without prior notice. A copy of the press release dated January 14, 2019 is attached to this Current Report as Exhibit 99.1 and is furnished herewith.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits
Exhibit No.Description
FIRST FINANCIAL BANCORP /OH/ Exhibit
EX-99.1 2 a8ksharerepurchasereleasee.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 FOR IMMEDIATE RELEASEContact: Lauren Ponti-Zins(513) 246-2137 (office)[email protected] First Financial Bancorp Announces Stock Repurchase PlanCincinnati,…
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About FIRST FINANCIAL BANCORP. (NASDAQ:FFBC)
First Financial Bancorp. (First Financial) is a regional bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses include commercial lending, real estate lending and consumer financing. First Financial offers deposit products that include interest-bearing and non-interest-bearing accounts, time deposits and cash management services for commercial customers. First Financial’s Wealth Management division provides a range of trust and asset management services. It operates over 110 banking centers. The Company’s operating markets are located within the regions of Ohio, Indiana, and Kentucky. First Financial operates over 60 banking centers in Ohio, approximately 40 banking centers in Indiana and over four banking centers in Kentucky.
