First Financial and BankFinancial Corporation have announced that they have entered into an agreement in which First Financial will acquire BankFinancial in an all-stock transaction. This strategic move aims to expand First Financial's presence in the Chicagoland market, leveraging BankFinancial's strong core deposit franchise, including 18 financial centers. The transaction is valued at approximately $142 million, based on First Financial's closing stock price on August 8, 2025. The boards of directors of both companies have unanimously approved the merger, which is expected to close in the fourth quarter of 2025, pending customary closing conditions and regulatory approvals. Upon completion, BankFinancial's consumer, trust/wealth management, and selected commercial credit lines will be incorporated into First Financial's business lines, and all BankFinancial employees will join First Financial as associates.
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