Flagstar Sells Branches to First Financial

Flagstar Bancorp, Troy, Mich., is selling 22 retail banking branches in Indiana to First Financial Bancorp, Cincinnati, for a 7% premium on $328 million in deposits. The deal should result in a one-time gain of $23 million.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_412/flagstar-sells-branches-first-financial-1026158-1.html

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