In Brief: 1st Financial Buying Rochester, Ind., F&M

HAMILTON, Ohio - First Financial Bancorp is buying F&M Bancorp, Rochester, Ind., for $12.5 million.

The companies expect the deal to be completed in early 1996.

First Financial said it plans to merge F&M affiliate Farmers and Merchants Bank, with $60 million in assets, into its $92 million-asset Indiana Lawrence Bank.

First Financial has $1.9 billion in assets in bank affiliates in Indiana and Ohio.

Under the agreement, F&M shareholders would receive First Financial common stock valued at $12.5 million for their 5,633 shares of F&M common in a tax-free exchange.

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