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Updated: 6:28 p.m. Thursday, April 26, 2012 | Posted: 6:27 p.m. Thursday, April 26, 2012
By Chelsey Levingston
Staff Writer
First Financial Bancorp plans to close eight area bank branches June 29, including previously reported branch closings in Lebanon and Lewisburg.
The Cincinnati-based banking company said Wednesday in its first-quarter earnings release nine total locations would close, eight of which are in Ohio and one in Indiana. Branches in Dayton, Centerville, Springboro, Mason and the Cincinnati area are among those to be closed.
First Financial in 2011 acquired 16 Dayton area locations of Liberty Savings Bank.
“Our acquisition of Liberty Savings Bank undoubtedly expanded our presence and commitment to the Greater Dayton area. It’s prudent for us to look at the region and consider service areas where there is some overlap with existing First Financial banking centers and the former Liberty Savings offices,” said First Financial Co-Chief Retail Banking Officer Jill Wyman in a statement.
As for the impact on jobs, Wyman said First Financial is “working to develop an individualized approach that we believe will have the best outcome for our associates and the company.”
First Financial said the following locations will close and be consolidated with nearby branches: 4100 Ohio 128, Cleves; 8350 Arbor Square Drive, Mason; 11 S. Broadway St., Lebanon; 111 S. Main Street, Lynchburg; 100 N. Commerce St., Lewisburg; 4801 N. Main St., Dayton; 885 W. Central Ave., Springboro; and 5808 Wilmington Pike, Centerville.
The Lynchburg, Dayton and Centerville branches are former Liberty Savings locations. Meanwhile, the Springboro branch is consolidating to a former Liberty site, the company said.
First Financial reported first quarter net income of $17 million.
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