First Financial Bancorp Names New CEO
September 22 2004 - 9:30AM
PR Newswire (US)
First Financial Bancorp Names New CEO HAMILTON, Ohio, Sept. 22
/PRNewswire-FirstCall/ -- Bruce E. Leep, chairman of the board of
First Financial Bancorp (NASDAQ:FFBC), announced today that the
board of directors has chosen a new president and chief executive
officer. (Photo:
http://www.newscom.com/cgi-bin/prnh/20040922/CLW014 ) Claude E.
Davis, 43, who is currently a senior vice president at the $5.1
billion Irwin Financial Corporation (NYSE:IFC) and chairman of
Irwin Union Bank and Trust in Columbus, Indiana, will join First
Financial Bancorp on October 1, 2004, as president, chief executive
officer, and a member of the board of directors. Leep, who has been
serving as interim president and chief executive officer of First
Financial Bancorp, said, "On behalf of the board of directors, I
heartily endorse the selection of Claude Davis as the senior
executive for our company. He has a strong and diverse background
in a banking organization with markets and communities that are
similar to those First Financial Bancorp serves." Davis said, "I am
excited to have the opportunity to lead First Financial Bancorp as
its CEO. I look forward to working with the staff and the board to
develop and execute a strategy that will capitalize on the
strengths of Bancorp to expand the business and realize improved
profitability." After graduating from Butler University in
Indianapolis with a bachelor's degree in accounting, Davis earned
the designation of certified public accountant. He spent four years
on the audit staff of Coopers & Lybrand, a public accounting
firm. In 1987, he joined Irwin Financial Corporation and Irwin
Union Bank (the company's lead bank) as vice president and
controller. During his 17 years with the corporation, he has taken
on increasing responsibilities in sales management, finance,
information technology, and operations. Davis was named president
of Irwin Union Bank in January of 1996 and served in that capacity
until 2003 when he was named to his current role. Under his
leadership, Irwin Union Bank expanded its market presence through a
de novo expansion program to 20 markets in 9 states. This expansion
produced more than 20 percent annual growth rates in loans and
deposits. In addition to serving on the board of trustees of Butler
University, Davis serves on the boards of the Federal Home Loan
Bank of Indianapolis, the Indiana Bankers Association, and the
Irwin Financial Foundation. He has also served in leadership
positions with the Columbus Area Chamber of Commerce, the Columbus
Area Arts Council, Big Brothers Big Sisters of Columbus, and other
community and state organizations. With assets of $3.9 billion,
First Financial Bancorp is a publicly traded bank holding company
with 6 banking affiliates in Ohio, Michigan, Kentucky, and Indiana
with a total of 106 retail banking centers. The holding company's
non-banking affiliates are First Financial Capital Advisors LLC and
First Financial Bancorp Service Corporation. Insurance services are
offered through Flagstone Insurance and Financial Services.
http://www.newscom.com/cgi-bin/prnh/20040922/CLW014
http://photoarchive.ap.org/ DATASOURCE: First Financial Bancorp
CONTACT: Analysts, C. Douglas Lefferson, +1-513-867-4993, or , or
Media, Cheryl R. Lipp, +1-513-867-4929, or Web site:
http://www.ffbc-oh.com/
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