First Financial (FFBC) has entered into a definitive agreement to acquire Westfield Bancorp.
The $325 million transaction will be completed using 80% cash and 20% stock.
The acquisition is being made from Ohio Farmers Insurance Company, the sole shareholder of Westfield Bancorp.
Archie Brown, president and CEO of First Financial, expressed excitement to welcome Westfield Bank and accelerate growth in Northeast Ohio.
This deal continues First Financial’s recent expansion of commercial banking operations into Chicago, Cleveland, and Grand Rapids from its Midwestern base.
The transaction is anticipated to close in the fourth quarter of 2025.
