BankFinancial Corporation Announces New Compensation Terms Amid Merger Agreement
BankFinancial Corporation, the parent company of BankFinancial, National Association, has announced amendments to the employment agreements for key executives F. Morgan Gasior and Paul A. Cloutier, in connection with its merger agreement with First Financial Bancorp. As per the new terms, upon the closing of the merger, President and CEO F. Morgan Gasior's employment will be terminated without cause, entitling him to a severance payment. Meanwhile, CFO and Executive VP Paul A. Cloutier will receive a severance payment, subject to his continued employment through September 30, 2026, provided he has not already received a severance payment before this date. The amendments also introduce new non-competition restrictions for the executives.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BankFinancial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-026876), on August 14, 2025, and is solely responsible for the information contained therein.
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