U.S. First Financial to combine with HFBC at $128 mln valuation

01/09/2019 2:02:00 PM (GMT)

U.S.-based financial services holding company First Financial Corp. intends to combine with bank holding company HopFed Bancorp Inc. (HFBC).

The transaction could be valued at more than $128 million.

Following the close of the deal, HFBC's subsidiary Heritage Bank USA Inc. will combine into First Financial Bank.

Subjected to various regulatory approvals, as well as approval from HFBC shareholders and customary closing conditions, the deal is expected to close in the second quarter.

First Financial Corp.

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