Bank of America Sells Hillsboro Branch Office
Tue, 19 Mar 2013 14:13:29 CDT
(Hillsboro)--Bank of America has sold seven branch office, including the Hillsboro Branch Office, and two drive up facilities to Indiana based First Financial Corporation. The agreement announced Tuesday would allow First Financial Bank to acquire two hundred and fifty two million dollars in deposits, adn two point three million dollars in small business loans. The purchase does not include credit card, mortgage, investment brokerage, or trust accounts.
According to First Financial, the transaction is expected to be complete by the third quarter of 2013, pending regulator approval. Once complete, First Financial expects most of the employees at these locations to transition to the company.
Customers with accounts at the Hillsboro branch office, or the six others being acquired do not need to take any action at the time, and should use their current checks, debit cards, and other products and services. Once complete, First Financial will have 37 locations in Illinois.
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