First Financial Bancorp. Announces the Completion of its Acquisition of Westfield Bancorp, Inc., and Westfield Bank, FSB
First Financial Bancorp (Nasdaq: FFBC) announced it has completed the acquisition of Westfield Bancorp and Westfield Bank in a cash-and-stock transaction from Ohio Farmers Insurance Company, bringing First Financial's total assets to $20.6 billion.
All Westfield retail locations, plus Westfield's commercial, insurance agency banking and private banking services, join First Financial's existing commercial banking and wealth management operations. Westfield Bank will continue to operate under its name until a conversion process expected to complete in March 2026, when products, processes and systems will be consolidated. Clients will receive conversion details and need take no action until then.
First Financial Bancorp (Nasdaq: FFBC) ha annunciato di aver completato l'acquisizione di Westfield Bancorp e Westfield Bank in una operazione di cassa e azioni da Ohio Farmers Insurance Company, portando gli asset totali di First Financial a $20.6 miliardi.
Tutte le sedi al dettaglio Westfield, insieme ai servizi bancari commerciali di Westfield, all'agenzia assicurativa, al banking aziendale e al private banking, si uniranno alle operazioni esistenti di corporate banking e gestione patrimoniale di First Financial. Westfield Bank continuerà a operare con il proprio nome fino a una procedura di conversione prevista per essere completata entro marzo 2026, quando prodotti, processi e sistemi saranno consolidati. I clienti riceveranno i dettagli della conversione e non dovranno intraprendere alcuna azione fino ad allora.
First Financial Bancorp (Nasdaq: FFBC) anunció que ha completado la adquisición de Westfield Bancorp y Westfield Bank en una operación de efectivo y acciones de Ohio Farmers Insurance Company, llevando los activos totales de First Financial a $20.6 mil millones.
Todas las ubicaciones minoristas de Westfield, junto con los servicios bancarios comerciales de Westfield, la agencia de seguros, la banca corporativa y la banca privada, se incorporan a las operaciones existentes de banca comercial y gestión de patrimonio de First Financial. Westfield Bank continuará operando bajo su nombre hasta un proceso de conversión que se espera completar en marzo de 2026, cuando se consolidarán productos, procesos y sistemas. Los clientes recibirán los detalles de la conversión y no necesitarán realizar ninguna acción hasta entonces.
First Financial Bancorp (나스닥: FFBC)가 Westfield Bancorp 및 Westfield Bank 인수를 Ohio Farmers Insurance Company의 현금 및 주식 거래로 완료했다고 발표하여 First Financial의 총 자산이 $206억으로 증가했습니다.
Westfield의 모든 소매 지점과 Westfield의 상업 은행, 보험 대리점 뱅킹 및 프라이빗 뱅킹 서비스가 First Financial의 기존 상업 은행 및 자산 관리 운영에 합류합니다. Westfield Bank는 2026년 3월까지 명칭으로 계속 운영되며, 그 때에 상품, 프로세스 및 시스템이 통합될 예정입니다. 고객은 이관 세부 정보를 받게 되며 그때까지 아무 조치도 할 필요가 없습니다.
First Financial Bancorp (Nasdaq: FFBC) a annoncé avoir finalisé l'acquisition de Westfield Bancorp et Westfield Bank dans le cadre d'une opération en espèces et actions avec Ohio Farmers Insurance Company, portant les actifs totaux de First Financial à 20,6 milliards de dollars.
Toutes les agences de détail Westfield, ainsi que les services bancaires commerciaux de Westfield, l'agence d'assurance, la banque d'affaires et la banque privée, rejoignent les opérations existantes de banque commerciale et de gestion de patrimoine de First Financial. Westfield Bank continuera d'opérer sous son nom jusqu'à un processus de conversion prévu pour être achevé en mars 2026, lorsque les produits, les processus et les systèmes seront consolidés. Les clients recevront les détails de la conversion et n'auront aucune démarche à effectuer d'ici là.
First Financial Bancorp (Nasdaq: FFBC) gab bekannt, dass es die Übernahme von Westfield Bancorp und Westfield Bank in einer Bar- und Aktientransaktion von Ohio Farmers Insurance Company abgeschlossen hat, wodurch die Gesamtaktiva von First Financial auf 20,6 Milliarden USD steigen.
Alle Westfield-Einzelhandelsstandorte sowie Westfields kommerzielle Bankdienstleistungen, Versicherungsmaklerbanking und Private Banking schließen sich den bestehenden Geschäftsbereichen Corporate Banking und Wealth Management von First Financial an. Westfield Bank wird unter seinem Namen weiterbetrieben, bis ein Umwandlungsprozess abgeschlossen ist, der voraussichtlich bis März 2026 dauern wird, wenn Produkte, Prozesse und Systeme konsolidiert werden. Kunden erhalten Details zur Umwandlung und müssen bis dahin nichts veranlassen.
First Financial Bancorp (ناسداك: FFBC) أعلنت أنها أكملت الاستحواذ على Westfield Bancorp وWestfield Bank في صفقة نقدية وأسهم من Ohio Farmers Insurance Company، مما رفع إجمالي أصول First Financial إلى $20.6 مليار.
جميع فروع Westfield بالتجزئة، بالإضافة إلى الخدمات المصرفية التجارية لـ Westfield، ووكالة التأمين المصرفي، والخدمات المصرفية الخاصة، ستنضم إلى عمليات المصرفية التجارية وإدارة الثروة الحالية لدى First Financial. ستواصل Westfield Bank العمل تحت اسمها حتى عملية تحويل من المتوقع أن تكتمل في مارس 2026، حيث سيتم دمج المنتجات والعمليات والأنظمة. سيتلقى العملاء تفاصيل التحويل ولا يلزمهم اتخاذ أي إجراء حتى ذلك الحين.
- Assets increased to $20.6 billion after the acquisition
- Expanded retail and commercial footprint in Northeast Ohio and broader Midwest
- Conversion of systems and products scheduled through March 2026
- Transaction was a cash-and-stock deal (financial structure disclosed)
Insights
Acquisition adds scale and Midwest reach; conversion by
First Financial increases consolidated assets to
The primary business mechanism is geographic and product-line expansion that should drive revenue diversification and cross-sell opportunities across consumer, commercial, specialty lending and wealth management. Integration success depends on systems conversion, retention of key Westfield clients and employees, and smooth account migration by
All Westfield Bank retail locations and its commercial, insurance agency banking and private banking services now join First Financial's existing commercial banking and wealth management presence in
"This is an exciting step in the growth of First Financial, as the addition of Westfield Bank opens new possibilities for growth and profitability for us in an attractive market," said Archie Brown, president and CEO of First Financial. "We can now bring our wide range of solutions in consumer, commercial, specialty lending and wealth management to new clients, while expanding our geographic footprint for our current clients. The First Financial team is thrilled to welcome the Westfield Bank team members to the First Financial family."
Westfield Bank locations will continue to operate under the name "Westfield Bank" until the completion of the conversion process, anticipated in March 2026, which will consolidate the two banks' products, processes and operating systems. Westfield Bank clients will receive detailed information about account conversions in the coming months. Until then, Westfield Bank clients do not need to take any action and can continue to obtain services from their existing Westfield Bank channels. First Financial clients will not be impacted by the merger or the conversion.
This acquisition continues First Financial's recent growth in the Midwest. In 2023, First Financial added a commercial lending presence in
About First Financial Bancorp.
First Financial Bancorp. is a
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SOURCE First Financial Bancorp.
FAQ
What did First Financial (FFBC) announce on November 3, 2025 regarding Westfield Bancorp?
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When will Westfield Bank clients be converted to First Financial systems (FFBC conversion date)?
Do Westfield Bank customers need to take any action now after the FFBC acquisition?
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