First Financial Bancorp. has secured regulatory approval for its acquisition of Chicago-based BankFinancial Corporation.
The closing is anticipated to take place around January 1, 2026, pending customary closing conditions and approval by BankFinancial shareholders.
The all-stock transaction valued at approximately $142 million reinforces First Financial's expansion in the banking sector.
Regulatory Approval Secured
First Financial has received regulatory approval from the Federal Reserve and the Ohio Department of Financial Institutions for the acquisition of BankFinancial.
Anticipated Closing Date
The closing of the acquisition is expected to occur on or around January 1, 2026, subject to standard closing conditions and shareholder approval.
Financial Details
The all-stock transaction is valued at about $142 million, enhancing First Financial's position in the industry.
- The acquisition of BankFinancial aligns with First Financial's strategic growth plans and expands its market presence in Chicago.
- With this acquisition, First Financial strengthens its asset base and reinforces its commitment to providing diversified banking and financial services to a broader customer base.
The approval of the regulatory authorities marks a significant milestone in First Financial's journey towards acquiring BankFinancial, paving the way for enhanced offerings and market reach.