First Financial Bancorp has agreed to buy its first bank in Michigan, paying about $10 million to acquire Hastings Financial Corp., parent of $47 million-asset National Bank of Hastings, near Grand Rapids, Mich.

Subject to regulatory and shareholder approvals, the deal is expected to close in the first quarter of 1997.

The $2.1 billion-asset company currently has six institutions in Ohio and seven in Indiana, where another purchase also is pending.

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