UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 25, 2000
FIRST FINANCIAL BANCORP.
(Exact name of registrant as specified in its charter)
Ohio 0-12379 31-1042001
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
300 High Street, Hamilton, Ohio 45011
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (513) 867-4700
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ITEM 5: OTHER EVENTS
On January 26, 2000, the Registrant announced a stock repurchase plan.
The board of directors authorized the Registrant to repurchase from time to
time the number of common shares necessary to satisfy any restricted stock
awards or stock options that are granted from time to time under the 1999
Stock Incentive Plan for Officers and Employees and the 1999 Stock Option
Plan for Non-Employee Directors. The total number of shares that can be
repurchased over the life of the ten-year plans may not exceed 6.5 million
shares. Over the next twelve months, it is estimated that approximately
650,000 shares will be repurchased. A copy of the press release is attached
as Exhibit 99.1.
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ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibit:
Exhibit 99.1 - Press release dated January 26, 2000, regarding the
announcement of the stock repurchase plan.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
FIRST FINANCIAL BANCORP.
(Registrant)
DATE February 2, 2000 /s/ Michael R. O'Dell
Michael R. O'Dell
Senior Vice President, Chief
Financial Officer and Secretary
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Exhibit 99.1
January 26, 2000
FOR IMMEDIATE RELEASE:
Stock Repurchase Plans Approved
HAMILTON, Ohio -- Following the January 25, 2000, meeting of the board of
directors of First Financial Bancorp, Barry J. Levey, chairman of the board,
and Stanley N. Pontius, president and chief executive officer, announced that
the board has authorized the company to repurchase from time to time the
number of common shares necessary to satisfy any restricted stock awards or
stock options that are granted from time to time under the 1999 Stock Incentive
Plan for Officers and Employees and the 1999 Stock Option Plan for Non-Employee
Directors. Both plans were adopted by shareholders on April 27, 1999. The
total number of shares that can be repurchased over the life of the ten-year
plans may not exceed 6.5 million shares. Over the next twelve months, it is
estimated that approximately 650,000 shares will be repurchased.
First Financial Bancorp's common stock (symbol FFBC) closed at $17.5625 per
share on the NASDAQ National Market System on Tuesday, January 25, 2000.
A $3.9 billion bank and savings and loan holding company with over 4,000
shareholders, First Financial Bancorp currently operates 6 Ohio, 1 Michigan,
1 Kentucky, and 9 Indiana affiliates with 115 banking office locations.
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