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Published: July 02, 2009 11:03 pm    print this story   email this story  

First Financial acquires Danville assets

Staff report
The Tribune-Star

TERRE HAUTE — As part of a federal government bank closure in Danville, Ill., First Financial Bank, N.A., of Terre Haute has assumed all of the assets of the Illinois bank.

The First National Bank of Danville was closed Thursday by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation as receiver.

To protect the depositors, the FDIC entered into a purchase and assumption agreement with First Financial Bank.

The seven offices of the First National Bank of Danville will reopen Monday as branches of First Financial.

Depositors of the Danville bank automatically will become depositors of First Financial.

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