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First Financial to merge with First Illinois Corporation

PRIVATEAug 27, 2026

Acquiring Company

First Financial

Acquired Company

First Illinois Corporation

DecaturFinancial ServicesFinanceFintechLendingBankingFinancial ServicesFinanceLendingBanking

Description

First Financial Corporation and First Illinois Corporation have signed a definitive agreement for a merger. The merger is valued at approximately $111.3 million and will enhance First Financial's presence in Illinois. First Illinois stockholders will have options for receiving either stock or cash in the transaction. The merger is expected to close in the fourth quarter of 2026, pending regulatory and stockholder approvals.

Who to call at First Financial, and when

When First Financial changes hands, the new owners review vendors, systems and leadership. That is when the door opens.

  • An alert the day First Financial raises, hires an executive or expands, scored against what you sell
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  • Who you already know at First Financial, from your own LinkedIn network
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Company Information

Company

First Financial

About

First Financial provides various banking services to its clients. They specialize in personal and commercial banking solutions. The company is focused on delivering comprehensive financial services. They are headquartered in the United States.

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Frequently asked

Who acquired First Illinois Corporation?

First Illinois Corporation was acquired by First Financial. The deal was reported on August 27, 2026. First Financial provides various banking services to its clients. They specialize in personal and commercial banking solutions. The company is focused on delivering comprehensive financial services. First Financial is privately held and operates in Financial Services.

When did First Financial acquire First Illinois Corporation?

First Financial's acquisition of First Illinois Corporation was reported on August 27, 2026. First Financial Corporation and First Illinois Corporation have signed a definitive agreement for a merger. The merger is valued at approximately $111.3 million and will enhance First Financial's presence in Illinois. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does First Illinois Corporation do?

First Illinois Corporation is the holding company for Hickory Point Bank and Trust, a community bank serving central Illinois. The bank operates multiple branches and is known for its customer-focused services. It is privately held, operating in Financial Services, and is based in Decatur.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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