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TERRE HAUTE, Ind., Sept. 27, 2021 (GLOBE NEWSWIRE) -- First Financial Corporation (NASDAQ: THFF) today announced that its Board of Directors has approved the merger of subsidiary, The Morris Plan Company of Terre Haute, into subsidiary, First Financial Bank N.A. The merger will be effective on December 31, 2021, subject to regulatory approval. The merger will result in increased efficiencies, which will be recognized beginning in the first quarter of 2022.
About First Financial Corporation First Financial Corporation (NASDAQ:THFF) is the holding company for First Financial Bank N.A. and The Morris Plan Company of Terre Haute, Inc. First Financial Bank N.A. is the fifth oldest national bank in the United States, operating 81 banking centers in Illinois, Indiana, Kentucky and Tennessee. The Morris Plan Company of Terre Haute, Inc. is a state industrial chartered financial institution operating one office in Terre Haute, Indiana. Additional information is available at www.first-online.bank.
in 1834, a branch of the second state bank of indiana - the earliest ancestor of first financial bank - opened to serve the people who had settled in vigo county and the wabash river valley. today, first financial bank is the oldest national bank in indiana and the sixth oldest in the united states, still holding the 47th charter granted in the united states anticipating passage of a state law that would allow multi-bank holding companies, the bank applied for approval from the federal reserve board to establish such an entity. it received that approval in february 1983, and first financial corporation became the holding company for what was then terre haute first national bank. in august 1984, first financial corporation became the first multi-bank holding company in the state of indiana. the corporation is the only publicly traded company headquartered in vigo county and has been ranked among the top 100 most efficient bank holding companies in the united states. through growth and m