First Financial Bank is a regional bank operated by First Financial Corporation and based in

Terre Haute, Indiana Terre Haute ( ) is a city in and the county seat of Vigo County, Indiana, United States, about 5 miles east of the state's western border with Illinois. As of the 2010 census, the city had a population of 60,785 and its metropolitan area had a ...

. It is the oldest national bank in Indiana and the fifth oldest national bank in the United States. First Financial Corporation is

Vigo County Vigo ( , , , ) is a city and municipality in the province of Pontevedra, within the autonomous community of Galicia, Spain. Located in the northwest of the Iberian Peninsula, it sits on the southern shore of an inlet of the Atlantic Ocean, ...

's only publicly traded company.

History

The bank was founded in 1834 as a branch of the Second State Bank of Indiana and later became known as Terre Haute First National Bank. In 1983, First Financial Corporation was established as the bank's holding company, and in August 1984 it became Indiana's first multi-bank holding company. After mergers and acquisitions, the various banks affiliated as First Financial Bank in 2003. For most of its existence, First Financial operated largely in the Indiana and Illinois counties around Terre Haute, but two recent mergers greatly expanded the corporation's footprint into Kentucky. As a result of the mergers in 2019 and 2021, First Financial Bank now operates banking centers and loan production offices in Indiana, Illinois, Kentucky and Tennessee.

Indiana

In September 2021, First Financial Corporation announced on September 27 that The Morris Plan Company of Terre Haute, long a subsidiary of the company, would be merged into First Financial Bank, effective December 31, 2021.

Illinois

In October 2011, First Financial Corporation announced the pending acquisition of the

Pontiac Pontiac may refer to: *Pontiac (automobile), a car brand *Pontiac (Ottawa leader) ( – 1769), a Native American war chief Places and jurisdictions Canada *Pontiac, Quebec, a municipality ** Apostolic Vicariate of Pontiac, now the Roman Catholic D ...

-based PNB Holding Company with its only subsidiary, the Freestar Bank, which has 13 offices in Central Illinois. In March 2013, First Financial Corp. acquired 9 branch offices in central and southern Illinois from

Bank of America The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank ...

Kentucky

On July 29, 2019, First Financial Corporation announced completion of its merger with HopFed Bancorp, Inc. (HFBC) and the merger of First Financial Bank with HFBC’s wholly owned subsidiary, Heritage Bank USA, based in

Hopkinsville Hopkinsville is a home rule-class city in and the county seat of Christian County, Kentucky, United States. The population at the 2010 census was 31,577. History Early years The area of present-day Hopkinsville was initially claimed in 179 ...

. In August 2021, First Financial Bank announced that it was acquiring Hancock Bank & Trust, a longtime community bank based in Hawesville. The deal, which added branch locations in Hawesville, Lewisport, Madisonville, Cloverport and Bowling Green in Kentucky to the First Financial portfolio, was valued at $31.3 million dollars ($18.38/share).

Services

The company offers cash management services, lease

financing Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm use ...

debit cards A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term '' plastic card'' includes the above and as an identity document. These are similar to a credit card, but u ...

online banking Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial ins ...

, and other electronically accessed banking services. First Financial Bank also provides various services, including investment advisory and

wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high ...

investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is ...

and

brokerage A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be con ...

, and investment consulting.

References

External links

* {{authority control Terre Haute, Indiana Banks based in Indiana Companies listed on the Nasdaq