First Financial signs deal to buy First Illinois for USD 111.3 million

THFF•2026-08-27

Combined bank would add central Illinois branches

The combined company would have about USD 6.9 billion in assets, USD 4.9 billion in loans, and USD 5.5 billion in deposits.

Hickory Point Bank adds eight branches in central Illinois; it had USD 717 million in assets, USD 438 million in loans, and USD 627 million in deposits at June 30, 2026.

First Financial to acquire First Illinois in stock-cash deal

First Financial signs deal to buy First Illinois for USD 111.3 million.

First Illinois will merge into First Financial in a stock-cash deal valued at about $111.3 million. First Illinois holders can elect 0.5727 First Financial shares or USD 44.35 cash per share, capped at 70% stock and 30% cash.

The implied per-share value is USD 45 based on First Financial’s USD 79.07 close on Aug. 26, 2026.

First Financial signs deal to buy First Illinois for USD 111.3 million

Combined bank would add central Illinois branches

First Financial to acquire First Illinois in stock-cash deal

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