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First Financial to release earnings results

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By Jessica Heffner, Staff Writer Updated 11:16 AM Tuesday, November 3, 2009

HAMILTON — First Financial Bancorp, holding company for Hamilton-based First Financial Bank, will release its third quarter earnings report Thursday

The company announced this morning that it will release its earnings report after the market closes Thursday, Nov. 5. The report will be available on its Web site at bankatfirst.com/investor. First Financial will follow-up with a live conference call to discuss the report at 9 a.m. Friday, Nov. 6.

First Financial had a busy third quarter as it assimilated 19 branches it acquired from the failed operations of West Chester Twp.-based Peoples Community Bank in July. In addition, it also took over 27 banking centers from Ind.-based Irwin Union Bank and Trust Company and Irwin Union Bank through an agreement with the Federal Deposit Insurance Corporation in September.

Now at twice its size with 131 branches, First Financial has grown to the fourth largest bank in Greater Cincinnati in terms of deposits.

Claude Davis, president and CEO of First Financial said in a previous interview with the JournalNews that since the FDIC guaranteed to cover up to 80 percent of any losses on the loans his bank took over, and all nonperforming and defaulted loans excluded from the transaction, he was confident the acquisitions will prove profitable.

For more information on the bank’s upcoming earnings report, visit bankatfirst.com.

Contact this reporter at (513) 705-2843 or jheffner@coxohio.com.

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