First Financial Bancorp in Cincinnati has converted its banking unit from a national charter to a state charter.

The $8.4 billion-asset company said that with the conversion, which went into effect Dec. 30, First Financial Bank is now a member bank of the Federal Reserve System through the Federal Reserve Bank of Cleveland.

"The charter conversion is a strategic move for the long-term benefit of our shareholders, clients and associates,” Claude Davis, the company's CEO, said in a press release Tuesday.

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