First Financial Bank Strengthens Its Presence with New Office in Grand Rapids, Michigan

First Financial Bank Expands Its Operations in Grand Rapids



First Financial Bank, traded under the Nasdaq ticker FFBC, is taking significant strides into the Michigan banking landscape by establishing a new office in Grand Rapids. This strategic move is spearheaded by Chris Turner, a well-respected banker and Grand Rapids native who has been appointed as the commercial market president. Turner brings a wealth of local knowledge and a robust professional network aimed at enhancing the bank's commercial and industrial client relationships in the region.

Archie Brown, the president and CEO, highlighted the strategic nature of this expansion, stating, "Chris and his team bring excellent local market knowledge and connections that, added to the commercial banking capabilities we can offer to local businesses, position us well to build new relationships and grow our presence here." The bank's mission is clear: to empower clients and communities to thrive, a vision that aligns closely with the financial needs of Grand Rapids businesses.

In this new location, First Financial Bank will provide a comprehensive suite of sophisticated banking solutions tailored for Michigan businesses. These services include, but are not limited to, commercial credit and services, asset-based lending, Employee Stock Ownership Plans (ESOP), and a variety of specialty banking functions that cover areas such as treasury management, trade finance, risk management, and financial wellness programs for employees.

The launch of this office is not just about a new name, but a commitment to ensuring local businesses have access to essential financial services that cater to their unique needs. The bank's offerings also include specialized financing options through its partners, like equipment leasing from Summit Funding Group and insights into mergers and acquisitions from its advisory services.

Chris Turner, reflecting on the bank's initiatives, stated, "We are excited to introduce First Financial to Grand Rapids, not only because of the focus on offering a full spectrum of solutions but also due to the bank's approach of building strong relationships as trusted advisors for clients." This philosophy is already evident as the Grand Rapids team engages with local business owners to understand how to best support their growth initiatives.

Turner, whose experience in financial services spans over three decades including 29 years in the Grand Rapids area, is a graduate of Aquinas College. His familiarity with the local market is expected to create transformative financial experiences for business owners in the region.

This expansion into Grand Rapids is part of First Financial's broader strategy aimed at enhancing its footprint across key urban markets in the Midwest. The bank has previously expanded into cities such as Chicago, Cleveland, and Evansville, reinforcing its role as a reliable banking partner within growing communities.

About First Financial Bancorp: First Financial Bancorp is a bank holding company based in Cincinnati, Ohio, with a robust portfolio that boasts $18.6 billion in assets, $11.8 billion in loans, and a significant presence with 127 banking centers across Ohio, Indiana, Kentucky, and Illinois. With multiple lines of business, it offers a full spectrum of banking services including commercial banking, retail banking, investment real estate, mortgage banking, commercial finance, and wealth management services. The wealth management division alone manages approximately $3.7 billion in assets.

In conclusion, the arrival of First Financial Bank in Grand Rapids represents a promising opportunity for local businesses seeking comprehensive financial solutions and dedicated expertise. It underscores the bank's commitment to fostering local economic development and solidifying its presence in Michigan’s competitive financial sector.

Topics Financial Services & Investing)

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