SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 22, 2007
FIRST FINANCIAL BANCORP.
(Exact name of registrant as specified in its charter)
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| Ohio
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0-12379
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31-1042001 |
(State or other jurisdiction
of incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.) |
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300 High Street
Hamilton, Ohio
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45011 |
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(Zip Code) |
Registrant’s telephone number, including area code: (513) 979-5782
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Form 8-K
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First Financial Bancorp. |
Item 2.02. Results of Operations and Financial Condition.
On
March 22, 2007, First Financial Bancorp announced that its subsidiary, First Financial Bank, entered
into an agreement with PHH Mortgage Corporation (PHH) to sell the right to service its conforming,
conventional mortgage servicing portfolio of approximately $578 million. PHH will service
such accounts under the First Financial name. Transfer of the portfolio is expected to be
substantially complete by May 16, 2007.
In the
first quarter, the Corporation expects to record a
pre-tax gain of approximately $1.0 million associated with this
transaction.
Item 8.01. Other Events.
In addition, First Financial entered into an agreement whereby PHH will service, under the First
Financial name, the bank’s existing conventional mortgage portfolio.