First Financial to close seven branches

Terre Haute, Ind.-based First Financial Bank N.A., will close seven branches early next year. 

First Financial, which operates 72 branches throughout western Indiana, expects the closings to save the company $1.5 million annually in operating expenses. According to the nearly $5 billion bank, the closings are also needed “to accommodate changing customer preferences.”

“Our customers are rapidly adopting our online banking platforms which provides us with an opportunity to consolidate these branches into other nearby locations while maintaining the high level of service our customers expect,” said Norman Lowery, chair of First Financial’s holding company.