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

Terre Haute, Indiana Terre Haute ( ) is a city in Vigo County, Indiana, United States, and its county seat. As of the 2020 United States census, 2020 census, the city had a population of 58,389 and Terre Haute metropolitan area, its metropolitan area had a populati ...

. 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, the Ria ...

'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 most often refers to: * Pontiac (Odawa leader) ( – 1769), Native American war chief *Pontiac (automobile), a former General Motors brand Pontiac may also refer to: Places and jurisdictions Canada * Pontiac, Quebec, a municipality ** Apo ...

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

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 2020 census was 31,180. History Early years The area of present-day Hopkinsville was initially claimed in 1796 ...

. 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 Cash management refers to a broad area of finance involving the collection, handling, and usage of cash. It involves assessing market liquidity, cash flow, and investments. In banking, cash management, or treasury management, is a marketing term ...

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 card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either ...

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

, 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-hi ...

investment Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

and

brokerage A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done 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. Neith ...

, and investment consulting.

References

External links

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