MONROE, Ohio -- First Financial Bancorp said its board approved the repurchase of up to 200,000 of its common shares.

The $1.5 billion-asset holding company said the buyback plan will be funded with up to $5 million in cash or cash-equivalent short-term securities in its portfolio. The purchased shares will be held as treasury stock and would be subject to reissuance in the future for use in acquisitions or other business-related purposes, the company said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.