04:21 PM EDT, 06/23/2025 (MT Newswires) -- First Financial Bancorp ( FFBC ) agreed to acquire Westfield Bancorp for $325 million in cash and stock from Ohio Farmers Insurance to expand in Northeast Ohio.

The transaction includes $260 million in cash and 2.75 million shares of First Financial.

The deal is expected to close in Q4, First Financial said Monday in a statement.

"The transaction is expected to be 12% accretive to First Financial's earnings with a tangible book value earn-back of approximately 2.9 years," according to the statement.