First Financial Bancorp has announced an agreement to acquire Westfield Bancorp, the holding company for Westfield Bank, FSB, with $2.2 billion in assets. The transaction is valued at $325 million, with First Financial paying 80% in cash and 20% in stock. This acquisition will expand First Financial's presence in Northeast Ohio and grow the company to a $20.6 billion Midwest-based institution. The deal is expected to be completed in the fourth quarter of 2025, pending regulatory approvals. Westfield Bank locations will be rebranded as First Financial Bank following the transaction's closure.
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