Treasury announces price for First Financial warrants

The Treasury Department on Thursday announced that warrants for common stock in First Financial Bancorp are priced at $6.70. The Department expects to raise approximately $2.9 million by publicly offering 465,117 warrants in the company.

The proceeds will provide an additional return to the government beyond the dividend payments it received on preferred stock related to the company.

Deutsche Bank Securities Inc. is the sole underwriter for this offering, which represents Treasury's sale of its remaining investment in the company.

A final prospectus related to the offering will be filed with the Securities and Exchange Commission by First Financial.