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PARK RIDGE, N. J. - December 2, 2009 -- First Financial Bancorp (Nasdaq: FFBC), has announced that the former Irwin Franchise Capital Corporation (IFCC) has changed its name to First Franchise Capital Corporation (FFCC). The new name is effective immediately.
First Financial Bancorp acquired the company in September of 2009 when its principal banking subsidiary, First Financial Bank, N.A., acquired certain assets and liabilities of Irwin Union Bank and Trust, Columbus, Ind.
"First Financial Bancorp is a well capitalized, publicly traded company," said First Franchise Capital President John Rinaldi.
"Our increased access to capital will allow us to continue our growth as an industry leader in
the franchise finance industry."
First Franchise Capital Corporation is retaining its current staff, its headquarters in Park Ridge, N. J., and its market focus. The company will continue to lend to tenured franchise restaurant owners in the nation’s top brands. The company finances equipment and real estate for new store development, remodels, acquisitions, refinancing and partnership restructuring.
About First Financial Bancorp
First Financial Bancorp is a Cincinnati, Ohio based bank holding company. At September 30, 2009, the company had $7.3 billion in assets. Its banking subsidiary, First Financial Bank, N.A., founded in 1863, provides consumer and commercial banking products and services, and investment and insurance products through its retail banking center network. Currently First Financial Bank, N.A. operates 128 banking centers. Its primary operations are located in Ohio, Indiana, Kentucky and Michigan. The bank’s wealth management division, First Financial Wealth Resource Group, provides investment management, traditional trust, brokerage, private banking, and insurance services, and had approximately $2.0 billion in assets under management. Additional information about the company, including its products, services, and banking locations, is available at www.bankatfirst.com.
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