First Federal Financial Corporation Completes Merger with Bullitt Federal Savings Bank

Strategic Insights -

First Federal Financial Corporation of Kentucky, a $320 million financial holding company, has completed its merger with Bullitt Federal Savings Bank in an all-cash transaction. The merger will provide First Federal access to the growing Bullitt County community and expand its lending activities into a new market. Under the terms of the agreement, Bullitt Federal Savings Bank shareholders will receive $33 cash per share for all outstanding 327,631 shares. The merged entity, First Federal Savings Bank of Elizabethtown, will operate seven full-service offices in central Kentucky, offering a range of financial products and services to customers.

Key Takeaways:

  • First Federal Financial Corporation of Kentucky has completed its merger with Bullitt Federal Savings Bank, providing access to the growing Bullitt County community.
  • The merger allows First Federal to expand its lending activities into a new market, enhancing its presence in central Kentucky.
  • The merged entity, First Federal Savings Bank of Elizabethtown, will serve over 327,631 shareholders, with each shareholder receiving $33 cash per share.
  • First Federal Financial Corporation of Kentucky is a $320 million family financial services holding company.
  • The merger will enable First Federal to offer expanded lines of financial products and prompt lending services to Bullitt Federal's customers.
  • First Federal Savings Bank of Elizabethtown will operate seven full-service offices in central Kentucky, including in Elizabethtown, Radcliff, Bardstown, Munfordville, Shepherdsville, and Mt. Washington.

Statistics:

  • 327,631 shares of Bullitt Federal Savings Bank will be exchanged for $33 in cash per share.
  • First Federal Financial Corporation of Kentucky is a $320 million financial holding company.
  • The merged entity, First Federal Savings Bank of Elizabethtown, will operate seven full-service offices in central Kentucky.

Sources:

  • First Federal Financial Corporation of Kentucky
  • First Federal Savings Bank of Elizabethtown
  • NASDAQ: FFKY
  • J.J.B. Hilliard, W.L. Lyons, Inc.
  • The Robinson-Humphrey Company, Inc.
  • Larry W. Logsdon, President and CEO of First Federal Financial Corporation of Kentucky