First Financial Bancorp said on Tuesday that it has promoted Jamie Anderson to President of the company and First Financial Bank, effective 14 September 2026, while he retains his role as Chief Financial Officer and ceases serving as Chief Operating Officer.
Anderson, 55, received a one-time restricted stock award of $1,500,000, equivalent to 45,816 shares, in connection with the promotion. The bank also named Amanda "Mandy" Neeley, 46, as Chief Banking Officer with a stock award of $1,000,000, and Malcolm Myers, 59, as Chief Operating Officer with a stock award of $250,000.
STOCK AWARDS CARRY THREE-YEAR VESTING
The stock awards, granted on 14 September 2026 at a closing price of $32.74 per share, vest in full on the third anniversary of the grant date. Recipients are required to hold at least 75% of vested shares for an additional two years. The compensation committee said the one-time grants were intended to ensure the retention of the executives in light of their changed responsibilities.
Neeley's stock award corresponds to 30,544 shares, while Myers received an award equivalent to 7,636 shares, the disclosure showed. Chief executive Archie Brown continues in his role atop the company.
BANK REPORTS $22.4 BILLION IN ASSETS
As of 30 June 2026, First Financial Bancorp reported $22.4 billion in assets, $13.7 billion in loans, $17.6 billion in deposits and $3.0 billion in shareholders' equity, operating across 151 full-service banking centres in Ohio, Indiana, Kentucky and Illinois.
The changes were disclosed in a Form 8-K filing with the Securities and Exchange Commission. Neeley will lead the core bank's revenue-producing businesses, including commercial, wealth, consumer and mortgage, while Matt Reckman, chief commercial banking officer, and Karen Woods, general counsel and chief administration officer, take on expanded responsibilities.
Chief executive Archie Brown received a separate one-time restricted stock award of $3,000,000, or 91,632 shares, and Karen Woods an award of $500,000, the filing showed.
Neeley previously served as chief consumer banking and strategy officer, and Myers as chief transformation and delivery officer.
As president, Anderson will focus on the operational management and financial performance of the bank, providing guidance and direction to the executive leadership team, implementing strategy and reporting results to the board, the bank said.