Brief: First Financial To Acquire Summit Funding Group

First Financial Bancorp.

07/12/2021 14:27

Dec 7 (Reuters) - First Financial Bancorp  FFBC.O :
    * FIRST FINANCIAL TO ACQUIRE SUMMIT FUNDING GROUP
    * FIRST FINANCIAL BANCORP- UPON COMPLETION OF TRANSACTION,
SUMMIT
WILL BECOME A SUBSIDIARY OF FIRST FINANCIAL BANK
    * FIRST FINANCIAL BANCORP- UPON COMPLETION OF DEAL, CURRENT
SUMMIT
LEADERSHIP AND ASSOCIATES WILL CONTINUE IN THEIR POSITIONS
    * FIRST FINANCIAL BANCORP- DEAL EXPECTED TO BE
MID-SINGLE-DIGIT
ACCRETIVE TO FIRST FINANCIAL'S EARNINGS PER SHARE IN FIRST-YEAR
POST-INTEGRATION
    * FIRST FINANCIAL BANCORP- DEAL EXPECTED TO BE
LOW-DOUBLE-DIGIT
ACCRETIVE ON A RUN-RATE BASIS TO CO'S EPS AFTER FIRST-YEAR
POST-INTEGRATION
    * FIRST FINANCIAL BANCORP- AS A SUBSIDIARY, SUMMIT WILL
CONTINUE
TO OPERATE UNDER NAME SUMMIT FUNDING GROUP AFTER COMPLETION OF
DEAL

Source text for Eikon:  ID:nPn9Q5z4Na 
Further company coverage:  FFBC.O 

 ((Reuters.Briefs@thomsonreuters.com;))