Ohio

First Financial Bancorp. in Cincinnati has issued $120 million in subordinated debt and plans to use the proceeds for potential stock repurchases and to support growth.

United Bancshares in Columbus Grove, Ohio, has resolved a looming hole in its lineup — chief financial officer. Anthony Eramo will start Sept. 5 as CFO of the $629 million-asset company and its subsidiary, Union Bank Co.

First Federal Savings and Loan Association of Lakewood in Ohio has agreed to acquire Belpre Savings Bank in Belbre, Ohio.

Depositors at mutuals in Ohio and Massachusetts have approved measures making it more difficult for their institutions to convert to stock ownership. Still, many industry observers believe the mutual industry is poised for more consolidation.

DoverPhila Credit Union, a Dover, Oh.-based credit union with more than 35,000 members, has started using CAMS-ii core processing software provided by R.C. Olmstead of Powell, Oh.

United Bancshares in Columbus Grove, Ohio, said its chief financial officer, Diana Engelhardt, has decided to resign.

TFS Financial in Cleveland reported lower second-quarter profit due to increased expenses for a range of matters, including personnel costs.

FirstMerit in Akron, Ohio, reported lower second-quarter profit on shrinking interest and fee income, despite successful cost-cutting measures.

First Financial Bancorp in Cincinnati has agreed to buy Oak Street Holdings, a provider of commercial financing to the insurance industry.

Huntington Bancshares in Columbus, Ohio, reported higher quarterly in profit that reflected higher in mortgage banking fees and steady loan growth.

Fifth Third Bancorp in Cincinnati reported a decline in second-quarter profit, as the costs to close branches offset loan growth.

Kevin Kabat told the board of Fifth Third Bancorp that he intends to step down as CEO in November. Kabat, who had led the Cincinnati company since 2007, will remain executive vice chairman through next April.

Clifford Isroff, the lead director of FirstMerit in Akron, Ohio, died Tuesday after a long illness. He was 79.

Nationwide Bank in Columbus, Ohio has created an online car loan service that allows consumers to secure financing and insurance and shop for a car purchase.

Farmers National Banc in Canfield, Ohio, has agreed to buy Tri-State First Banc in East Liverpool, Ohio.

Fifth Third Bancorp in Cincinnati will close or sell about 100 branches=, or about 7% of its total branch network.

While hosting its second annual community carnival at its Hilliard branch last week, Credit Union of Ohio used the occasion to unveil a new logo and refreshed website.

MutualFirst Financial in Muncie, Ind., is facing pressure from an activist investor to explore a potential sale, even after the bank earlier this year agreed to implement a demand made by the same activist.

First Commonwealth Bank in Indiana, Pa., has agreed to buy First Community Bank in Columbus, Ohio, for about $15 million in cash.

TOLEDO, Ohio — Toledo Metro FCU announced that Dan Zimolzak is the new president/CEO of the $40 million institution.