First Financial To Acquire First Illinois In Cash And Stock Deal Valued At About $111.3 Mln

India, Aug. 27 -- First Financial Corp. (THFF), the holding company for First Financial Bank, N.A., and First Illinois Corp., the holding company for Hickory Point Bank and Trust, jointly announced Thursday the execution of a definitive agreement under which First Illinois will merge with and into First Financial in a stock/cash transaction valued at approximately $111.3 million.

Based on First Financials closing stock price of $79.07 on August 26, 2026, the implied per share purchase price is $45.00 with an aggregate transaction value of approximately $111.3 million.

The transaction will complement First Financials existing Illinois franchise by adding Hickory Point Bank's strong community banking presence in Decatur, Springfield and Cha...