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First Financial Bancorp (FFBC) in Cincinnati warned that it will take a hit to fourth-quarter earnings because of a $22.4 million valuation adjustment to its indemnification asset from the Federal Deposit Insurance Corp.
January 23 -
Cincinnati's First Financial Bancorp amassed a lot of capital thanks to failed-bank deals but took its time deciding what to do with it. Its three recent expansion moves put it in the company of other failed-bank buyers that are shifting to open-bank M&A.
January 6 -
First Financial Bancorp (FFBC) in Cincinnati has agreed to buy Insight Bank in Worthington, Ohio.
December 20 -
First Financial Bancorp (FFBC) in Cincinnati has retooled the management structure of its bank.
August 27
First Financial Bancorp (FFBC) in Cincinnati has promoted Brad Ringwald to president of corporate banking.
The corporate banking group provides asset-based lending, equipment financing, international banking, Small Business Administration lending and treasury management to clients at the $6.4 billion-asset First Financial.
First Financial also recently added cash flow management and mezzanine lending to the corporate banking group's repertoire of services. These products give First Financial a way to make loans based on cash flow to businesses involved in making acquisitions.
"It's an underserved market right now," Ringwald said of that line of business. He added that First Financial "can really gain some efficiencies when we put all of the corporate products into a single group."
Ringwald, who has 18 years of commercial banking experience, joined First Financial in 2006. He has been the president of First Financial's specialty finance group since the unit was established three years ago.
First Financial operates 110 banking offices in Ohio, Kentucky and Indiana. It is the second-largest bank based in Cincinnati, trailing only the $130 billion-asset Fifth Third Bancorp (FITB).
