First Financial Targets Chicagoland with Finward Deal

Dow Jones

07/22

First Financial Bancorp's $208 million acquisition of Finward Bancorp centers on gaining a low-cost core deposit franchise with 24 Peoples Bank financial centers across Northwest Indiana and Chicago. The deal increases First Financial's pro forma deposits in the Chicago metropolitan statistical area by 75% to over $4 billion when combined with 15 locations from its recent BankFinancial acquisition. Finward brings approximately $2 billion in assets, $1.7 billion in deposits, and a 116-year presence in the region. The all-stock transaction values each Finward share at 1.35 First Financial shares.

This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.

(END) Dow Jones Newswires

July 21, 2026 17:20 ET (21:20 GMT)

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