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First Financial chairman to retire from board upon MainSource deal completion


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First Financial chairman to retire from board upon MainSource deal completion

Murph Knapke, David Barker and Richard Olszewski will retire as directors of First Financial Bancorp. and subsidiary First Financial Bank, effective upon the date of consummation of the Cincinnati-based company's acquisition of Greensburg, Ind.-based MainSource Financial Group Inc.

Knapke, presently the chair of First Financial Bancorp., is a partner of Knapke Law Office, according to an April 13 proxy statement from the company. Barker is the president and CEO of SIHO Insurance Services. Olszewski is the owner and operator of two 7-Eleven food stores.

The First Financial Bancorp. board on Dec. 19 approved the following nine current directors to continue to serve on its board following the merger: Claude Davis, CEO of both First Financial Bancorp. and First Financial Bank; J. Wickliffe Ach, vice chair of First Financial Bancorp.; Cynthia Booth; Corinne Finnerty; Susan Knust; William Kramer; Jeffrey Meyer; John Neighbors; and Maribeth Rahe.

First Financial Bancorp. also accepted MainSource's recommendation to include six current MainSource directors — Kathleen Bardwell, William Barron, Vincent Berta, Archie Brown Jr., Erin Hoeflinger and Thomas O'Brien — on First Financial Bancorp.'s board.

D.J. Hines intends to retire as a director of MainSource, effective either on MainSource's 2018 annual meeting of shareholders or upon consummation of the merger, whichever comes first.

Hines is the chairman of Schuler Bauer Real Estate Services Inc. and Schuler Bauer of Kentucky LLC, according to a March 24 proxy statement. He also holds executive positions with Bugaboo Developers Inc., Foursight Developers LLC and Hawthorn Glen Developers LLC. Additionally, he is managing partner for Monticello Group LLC and Spring Manor LLC.