January 29, 2010 (FinancialWire) — First Financial Bancorp (NASDAQ: FFBC) said that it has entered into an underwriting agreement for the sale of 5,614,200 of its common shares at a price of $15.14 per share.

The company said it expects to see net proceeds of around $80.3 million. First Financial has granted the underwriters a 30-day option to purchase up to an additional 757,917 common shares to cover over-allotments, if any. The offering is scheduled to close, subject to customary conditions, on February 2, 2010.

Ohio-based First Financial Bancorp is a state based bank holding company. Its banking subsidiary, First Financial Bank, N.A. operates 127 banking centers.

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.