<SUBMISSION>
<ACCESSION-NUMBER>0000950152-03-003472
<TYPE>10-K
<PUBLIC-DOCUMENT-COUNT>8
<PERIOD>20021231
<FILING-DATE>20030326
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>FIRST FINANCIAL BANCORP /OH/
<CIK>0000708955
<ASSIGNED-SIC>6021
<IRS-NUMBER>311042001
<STATE-OF-INCORPORATION>OH
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>10-K
<ACT>34
<FILE-NUMBER>000-12379
<FILM-NUMBER>03618657
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>300 HIGH ST
<CITY>HAMILTON
<STATE>OH
<ZIP>45011
<PHONE>5138674700
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>300 HIGH ST
<CITY>HAMILTON
<STATE>OH
<ZIP>45011
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>l99690ae10vk.htm
<DESCRIPTION>FIRST FINANCIAL BANCORP         10-K
<TEXT>
<HTML>
<HEAD>
<TITLE>First Financial Bancorp         10-K</TITLE>
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<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center"><FONT size="4"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</FONT>

<DIV align="center"><FONT size="3"><B>Washington, D.C. 20549</B>
</FONT></DIV>
<P align="center"><FONT size="5"><B>FORM 10-K</B>
</FONT>

<P align="left"><FONT size="2">(Mark One)
</FONT>

<DIV align="left"><FONT size="2">&#091;X&#093; ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934</FONT></DIV>

<P align="center"><FONT size="2">For the fiscal year ended December&nbsp;31, 2002
</FONT>

<P align="center"><FONT size="2">OR
</FONT>

<P align="left"><FONT size="2">&#091; &#093; TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES ACT OF 1934
</FONT>

<DIV align="center"><FONT size="2">Commission File Number 0-12379
</FONT></DIV>
<P align="center"><FONT size="6"><B>FIRST FINANCIAL BANCORP.</B>
</FONT>

<DIV align="center"><FONT size="2">(Exact name of registrant as specified in its charter)
</FONT></DIV>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
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    <TD><FONT size="2">&nbsp;</FONT></TD>
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Ohio<BR>
(State or other jurisdiction of<BR>
incorporation or organization)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">31-1042001<BR>
(I.R.S. Employer<BR>
Identification No.)</FONT></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
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    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
300 High Street<BR>
Hamilton, Ohio<BR>
(Address of principal executive offices)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">45011<BR>
(Zip Code)</FONT></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">Registrant&#146;s telephone number, including area code: (513)&nbsp;867-5240
</FONT>

<P align="center"><FONT size="2"><B>Securities registered pursuant to Section&nbsp;12(b) of the Act:</B>
</FONT>

<DIV align="center"><FONT size="2"><B>None</B><BR><B>Securities registered pursuant to Section&nbsp;12(g) of the Act:</B>
</FONT></DIV>

<DIV align="center"><FONT size="2"><B>Common Stock, no par value</B>
</FONT></DIV>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant (1)&nbsp;has filed all reports
required to be filed by Section&nbsp;13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12&nbsp;months (or for such shorter period that the
registrant was required to be file such reports), and (2)&nbsp;has been subject to
such filing requirements for the past 90&nbsp;days.
</FONT>
<DIV align="center"><FONT size="2">Yes&nbsp;[X]&nbsp;&nbsp;&nbsp; No&nbsp;[&nbsp;&nbsp;]
</FONT></DIV>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation&nbsp;S-K (subpart 229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant&#146;s knowledge, in
definitive proxy or information statements incorporated by reference in Part
III of this Form&nbsp;10-K or any amendment to this Form&nbsp;10-K.[&nbsp;&nbsp;]
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the
registrant is an accelerated filer (as defined in Exchange Act
Rule&nbsp;12b-2).
</FONT>
<DIV align="center"><FONT size="2">Yes&nbsp;[X]&nbsp;&nbsp;&nbsp; No&nbsp;[&nbsp;&nbsp;]
</FONT></DIV>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of
June 28, 2002, there were issued and outstanding 45,926,107
shares of registrant&#146;s Common Stock. The aggregate market value of the voting
stock held by non-affiliates of the registrant, computed by reference to the
sales price of the last trade of such stock as of June 28, 2002, was
$898,774,000. (The exclusion from such amount of the market value of the
shares owned by any person shall not be deemed an admission by the registrant
that such person is an affiliate of the registrant.)
</FONT>
<P align="center"><FONT size="2"><B>Documents Incorporated by Reference:</B>
</FONT>

<DIV align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portions of the registrant&#146;s Annual Report to Shareholders for the year
ended December&nbsp;31, 2002 are incorporated by reference into Parts I, II and IV.
</FONT></DIV>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portions of the proxy statement dated March&nbsp;20, 2003 for the annual
meeting of shareholders to be held April&nbsp;22, 2003 are incorporated by reference
into Part III.
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<P><HR noshade><P>

<P align="center"><FONT size="2"><B>FORM 10-K CROSS REFERENCE INDEX</B>
</FONT>

<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
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	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">Part I</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;1. Business.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;2. Properties.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;3. Legal Proceedings.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;4. Submission of Matters to a Vote of Security Holders.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Additional Item - Executive Officers.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#006">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;5. Market for the Registrant&#146;s Common Equity and Related Shareholder Matters.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;6. Selected Financial Data.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#009">Item&nbsp;7. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#010">Item&nbsp;7a. Quantitative and Qualitative Disclosure About Market Risk</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#011">Item&nbsp;8. Financial Statements and Supplementary Data.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#012">Item&nbsp;9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#013">PART III</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#014">Item&nbsp;10. Directors and Executive Officers of the Registrant.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#015">Item&nbsp;11. Executive Compensation.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#016">Item&nbsp;12. Security Ownership of Certain Beneficial Owners and Management.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#017">Item&nbsp;13. Certain Relationships and Related Transactions.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#018">Item&nbsp;14. Controls and Procedures.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#019">PART IV</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#020">Item&nbsp;15. Exhibits, Financial Statement Schedules, and Reports on Form&nbsp;8-K.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#021">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#022">CERTIFICATIONS</A></TD></TR>
<TR><TD colspan="9"><A HREF="l99690aexv10w5.htm">Exhibit 10.5</A></TD></TR>
<TR><TD colspan="9"><A HREF="l99690aexv10w6.htm">Exhibit 10.6</A></TD></TR>
<TR><TD colspan="9"><A HREF="l99690aexv10w11.htm">Exhibit 10.11</A></TD></TR>
<TR><TD colspan="9"><A HREF="l99690aexv10w12.htm">Exhibit 10.12</A></TD></TR>
<TR><TD colspan="9"><A HREF="l99690aexv13.txt">Exhibit 13</A></TD></TR>
<TR><TD colspan="9"><A HREF="l99690aexv21.htm">Exhibit 21</A></TD></TR>
<TR><TD colspan="9"><A HREF="l99690aexv23.htm">Exhibit 23</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<CENTER>
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    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Page</B></FONT></TD>
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    <TD><FONT size="1">&nbsp;</FONT></TD>
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    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2"><B>Part I</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;1
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Business
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-1</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;2
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Properties
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-7</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;3
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Legal Proceedings
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-8</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;4
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Submission of Matters to a Vote of Security Holders</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;(during the fourth quarter of 2002)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-8</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" valign="top" align="left"><FONT size="2">Additional Item - Executive Officers</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-8</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2"><B>Part II</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;5
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Market for the Registrant&#146;s Common Equity and Related
<BR>&nbsp;&nbsp;&nbsp;&nbsp;Shareholder Matters
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-10</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;6
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Selected Financial Data
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-10</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;7
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Management&#146;s Discussion and Analysis of Financial
<BR>&nbsp;&nbsp;&nbsp;&nbsp;Condition and Results of Operations
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-10</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;7a
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Quantitative and Qualitative Disclosures about
<BR>&nbsp;&nbsp;&nbsp;&nbsp;Market Risk
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-11</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;8
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Financial Statements and Supplementary Data
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-11</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;9
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Changes in and Disagreements with Accountants on
<BR>&nbsp;&nbsp;&nbsp;&nbsp;Accounting and Financial Disclosure
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-11</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2"><B>Part III</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;10
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Directors and Executive Officers of the Registrant
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-12</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;11
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Executive Compensation
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-12</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;12
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Security Ownership of Certain Beneficial Owners and
<BR>&nbsp;&nbsp;&nbsp;&nbsp;Management
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-12</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;13
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Certain Relationships and Related Transactions
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-13</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;14
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Controls and Procedures
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-13</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2"><B>Part IV</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Item&nbsp;15
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Exhibits, Financial Statement Schedules, and Reports
<BR>&nbsp;&nbsp;&nbsp;&nbsp;on Form&nbsp;8-K
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-14</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2"><B>Signatures</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-17</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="3" valign="top" align="left"><FONT size="2"><B>Certifications</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">F-19</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="right"><FONT size="2"><B>F-1</B></FONT>

<!-- link1 "Part I" -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="center"><FONT size="2"><B>Part I</B>
</FONT>
<!-- link2 "Item&nbsp;1. Business." -->
<DIV align="left"><A NAME="001"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;1. Business.</B>
</FONT>

<P align="left"><FONT size="2">First Financial Bancorp.</FONT>

<P align="left"><FONT size="2">First Financial Bancorp., an Ohio corporation (Bancorp), was formed in 1982.
Bancorp is a bank and savings and loan holding company headquartered in
Hamilton, Ohio, having rescinded its financial holding company election
effective July&nbsp;31, 2002. Management initially believed that becoming a
financial holding company under the Gramm-Leach-Bliley Act of 1999 would be
beneficial. Bancorp later withdrew its election of financial holding company
status because its strategic plans did not include utilizing the expanded
activities for which it qualified under the structure. The only activity
Bancorp pursued as a financial holding company was its direct ownership of an
insurance agency. In conjunction with the change, Bancorp transferred its
subsidiary, Flagstone Insurance Holding Company, which holds all of the
outstanding shares of two insurance agencies, Flagstone Insurance and Financial
Services, Inc. and Flagstone Life Insurance and Financial Services, Inc to its
Indiana bank subsidiary, Heritage Community Bank (Heritage). Heritage is
permitted to own Flagstone Insurance Holding Company under powers granted to
Indiana state-chartered banks by Indiana law. Holding Flagstone Insurance
Holding Company indirectly through Heritage is a permitted activity for Bancorp
as a bank holding company (see &#147;Regulation&#148; on page F-5).
</FONT>
<P align="left"><FONT size="2">Additionally, because financial holding companies can engage in expanded
activities, they are subject to more stringent regulatory requirements than
those that apply to bank holding companies. Operational issues such as credit
quality and Bank Secrecy Act compliance at Community First Bank &#038; Trust, one of
Bancorp&#146;s subsidiaries, might have caused Bancorp to be unable to continue as a
financial holding company. Since the financial holding company activities were
not necessary for Bancorp to achieve its strategic plans, Bancorp decided to
withdraw its election. Bancorp&#146;s change in status from a financial holding
company to a bank and savings and loan holding company has not had any impact
on the earnings or financial position of the company or disrupted any of
Bancorp&#146;s strategic plans.
</FONT>
<P align="left"><FONT size="2">Bancorp engages in the business of commercial banking, and other permissible
activities that are financial in nature, through its wholly owned subsidiary
institutions: First Financial Bank, National Association (First Financial), a
national banking association, Community First Bank &#038; Trust (Community First),
The Clyde Savings Bank Company (Clyde), both Ohio banking corporations, Indiana
Lawrence Bank (Indiana Lawrence), Citizens First State Bank (Citizens First),
Heritage Community Bank (Heritage), and Sand Ridge Bank (Sand Ridge), all
Indiana banking corporations, and Fidelity Federal Savings Bank (Fidelity
Federal), a federal savings bank. First Financial Bancorp Service Corporation
(Service Corporation) is Bancorp&#146;s operations subsidiary which serves Bancorp&#146;s
subsidiaries in regard to items processing, deposit services, loans operations,
and similar processing functions. First Financial Capital Advisors, LLC (FFCA)
is Bancorp&#146;s registered investment advisory company created to serve as
investment advisor to The Legacy Funds Group, Bancorp&#146;s proprietary mutual
funds introduced in May of 2002, and assists Bancorp&#146;s subsidiaries with the
investment management of trust assets. Another subsidiary of Bancorp is First
Financial (OH)&nbsp;Statutory Trust I (Statutory Trust) which was established to
facilitate raising Tier I capital in the form of corporation-obligated
mandatorily redeemable capital securities of subsidiary trust&#151;commonly referred
to as Trust Preferred Securities. Bancorp provides management and similar
services for its subsidiary financial institutions. Since it does not itself
conduct any operating businesses, Bancorp must depend largely upon its
subsidiaries for funds with which to pay the expenses of its operation and, to
the extent applicable, any dividends on its outstanding shares of stock. For
further information see Note
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="right"><FONT size="2"><B>F-2</B></FONT>
<P align="left"><FONT size="2">6 of the Notes to Consolidated Financial Statements appearing on page 34 of
Bancorp&#146;s Annual Report to Shareholders, which is incorporated by reference in
response to this item.
</FONT>
<P align="left"><FONT size="2">The range of banking services provided by Bancorp&#146;s subsidiaries to their
customers includes commercial lending, real estate lending, consumer credit,
credit card, and other personal loan financing. First Financial, Community
First, Indiana Lawrence, Heritage, Clyde, and Sand Ridge also offer lease
financing. In addition, Bancorp&#146;s financial institutions offer deposit
services that include interest-bearing and noninterest-bearing deposit accounts
and time deposits. Most subsidiaries provide safe deposit facilities. A full
range of trust and asset management services is provided by Bancorp&#146;s
subsidiaries, excluding the savings bank, the service corporation, and the
statutory trust company. Each subsidiary retains its local identity and
operates under the direction of its own board of directors and officers.
</FONT>
<P align="left"><FONT size="2">Bancorp makes a variety of loans to individuals, proprietorships, partnerships
and corporations. Loan interest and fees make up the majority of Bancorp&#146;s
income, approximately 70% in 2002. The principal types of lending that Bancorp
engages in are real estate, commercial and consumer. Real estate loans are
loans secured by a mortgage lien on the real property of the borrower and
includes both residential property (one to four family residential housing
units) and commercial property (owner-occupied and investor income producing
real estate, such as apartments, shopping centers, office buildings). The
majority of residential real estate loans made by Bancorp&#146;s subsidiary banks
conform to secondary market loan standards. The credit underwriting standards
adhere to a certain level of documentation, verifications, valuation, and the
borrower&#146;s overall credit performance. The underwriting of these loans
evaluates these and other pertinent factors prior to the extension of credit.
These standards help in the management of the credit risk elements.
</FONT>
<P align="left"><FONT size="2">Commercial real estate loans are also secured by a mortgage lien on the real
property. The credit underwriting for both owner-occupied and investor income
producing real estate loans involves detailed market analysis, historical and
projected cash flow analysis, appropriate equity margins, assessment of lessees
and lessors, type of real estate and other analysis. Risk of loss is managed
by adherence to a standard loan policy that establishes certain levels of
performance prior to the extension of a loan to the borrower. Diversification
in market areas within Bancorp&#146;s service area and a diversification by industry
are other means by which the risk is managed at Bancorp.
</FONT>
<P align="left"><FONT size="2">Commercial loans are made to all types of businesses, from the local retail
outlet for its seasonal sales needs to the manufacturing company for new
equipment financing. Bancorp&#146;s subsidiaries work with rapidly growing
businesses to meet both their working capital needs while at the same time
provide long-term financing for their acquisition and expansion plans. Many of
our community banks work closely with agricultural customers to provide
financing for new farm implements, livestock, and crop production. Credit risk
is managed by a standard loan policy, established authorized credit limits, and
the diversification of market area and industries. The overall strength of the
borrower is evaluated through the credit underwriting process and includes a
review of historical and projected cash flows, historical financial
performance, financial strength of the principals and guarantors, and
collateral values, where applicable.
</FONT>
<P align="left"><FONT size="2">Installment loans primarily includes loans made to individuals. Types of loans
include new and used vehicle loans, second mortgages on residential real
estate, and unsecured loans to individuals. Risk elements in the installment
loan portfolio are focused on the ability of the borrower to repay. Some
security is provided through liens on automobile titles and second mortgage
liens, where applicable. Installment loans are generally smaller dollar
amounts than other types of lending and are made to a
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="right"><FONT size="2"><B>F-3</B></FONT>
<P align="left"><FONT size="2">large number of customers. Both factors help provide diversification of the
portfolio. Economic conditions that affect consumers in Bancorp&#146;s markets have
a direct impact on the credit quality of these loans. Higher levels of
unemployment, lower levels of income growth and weaker economic growth are
factors that can adversely impact installment loan credit quality. These loans
are generally underwritten to affiliate standards, which focus on the
borrower&#146;s cash flow and credit history.
</FONT>
<P align="left"><FONT size="2">Bancorp and its subsidiaries operate in one business segment-the financial
institutions industry. Foreign transactions are nominal. Information regarding
statistical disclosure required by Industry Guide 3 is included in Bancorp&#146;s
Annual Report to Shareholders for the year ended December&nbsp;31, 2002, and is
incorporated herein by reference.
</FONT>
<P align="left"><FONT size="2">At December&nbsp;31, 2002, Bancorp and its subsidiaries employed 1,815 employees.
</FONT>
<P align="left"><FONT size="2">Bancorp&#146;s executive office is located at 300 High Street, Hamilton, Ohio 45011,
and its telephone number is (513)&nbsp;867-5240. Bancorp makes, and since November
15, 2002 has made, available free of charge, its annual reports on Form&nbsp;10-K,
quarterly reports on Form&nbsp;10-Q, current reports on Form&nbsp;8-K, and all amendments
to those reports, as soon as reasonably practicable after filing with the
Securities and Exchange Commission, through its website, www.ffbc-oh.com.
</FONT>
<P align="left"><FONT size="2">Subsidiaries
</FONT>

<P align="left"><FONT size="2">The following table lists each of Bancorp&#146;s subsidiaries, their acquisition

dates, the number of offices that each subsidiary has, total deposits, and the
number of ATMs owned by each subsidiary:
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="65%">
<TR valign="bottom">
    <TD width="44%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Deposits</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Acquisition</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>12/31/02</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Number of</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Number of</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Subsidiary/Location</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Date</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>($in 000)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offices</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>ATMs</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">First Financial/
Hamilton, Ohio</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">04/26/83</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">1,149,272</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">41</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">39</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Community First/
Celina/Van Wert, Ohio</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">04/29/83</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">552,947</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">24</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">15</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Indiana Lawrence/
North Manchester, Indiana</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">09/01/89</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">116,501</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">8</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Fidelity Federal/
Marion, Indiana</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">09/21/90</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">91,409</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Citizens First/
Hartford City, Indiana</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">10/01/90</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">78,256</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Clyde/
Clyde, Ohio</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">06/01/94</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">71,078</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Heritage/
Columbus, Indiana</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">01/04/93</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">263,064</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">15</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">15</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Sand Ridge/
Highland, Indiana</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">06/01/99</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">642,296</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">15</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">27</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Service Corporation/
Middletown, Ohio</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">06/01/99</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">N/A</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">FFCA/
Hamilton, Ohio</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">05/13/02</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">N/A</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Statutory Trust/
Hamilton, Ohio</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">09/25/02</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">N/A</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="right"><FONT size="2"><B>F-4</B></FONT>
<P align="left"><FONT size="2">In July 2000, Bancorp merged its wholly owned subsidiary, Home Federal Bank, a
Federal Savings Bank, Hamilton, Ohio, into another of its wholly owned
subsidiaries, First National Bank of Southwestern Ohio (presently known as
First Financial), as an in-market consolidation.
</FONT>
<P align="left"><FONT size="2">On December&nbsp;31, 2001, Community First purchased certain assets and assumed
certain liabilities of a division of Blue River Bancshares operating under the
name First Community Bank of Fort Wayne, Indiana. This division has two branch
locations in Fort Wayne.
</FONT>
<P align="left"><FONT size="2">Bancorp merged four of its wholly owned subsidiaries, Union Bank &#038; Trust
Company, Peoples Bank and Trust Company, Farmers State Bank, and Vevay Deposit
Bank, to form Heritage in November 2001.
</FONT>
<P align="left"><FONT size="2">In July 2003, Bancorp merged two of its wholly owned subsidiaries, First
National Bank of Southwestern Ohio and Hebron Deposit Bank, to form First
Financial.
</FONT>
<P align="left"><FONT size="2">Bancorp merged three of its wholly owned subsidiaries, Bright National Bank,
National Bank of Hastings, and Sand Ridge Bank, in November 2002. Sand Ridge
Bank is the surviving subsidiary.
</FONT>
<P align="left"><FONT size="2">Historically, Bancorp had operated under a community banking philosophy whereby
it had many banking subsidiaries. In January of 2001, Bancorp began a process
of regionalization and market expansion, whose purpose was to reduce the number
of banking subsidiaries to four where all would be operating on a common data
processing system. Bancorp initiated this plan to gain efficiencies through
consolidation, to provide a structure with a smaller number of subsidiaries
that could more easily be managed, and to better position the company for
growth, for instance by reducing operational burdens on certain employees and
enabling them to focus more on customer sales and service. All data processing
conversions were completed and three of the four regional financial
institutions have been formed.
</FONT>
<P align="left"><FONT size="2">Bancorp still believes in the philosophy of community banking. Now, Bancorp
will be an alliance of regionally based community banks&#151;each with its own
identity, unique history, and separate responses to local market needs. This
consolidation process will afford Bancorp&#146;s subsidiaries the opportunity to
offer more products, such as cash management services, expanded trust services,
private banking, and annuity products. Bancorp&#146;s goal in this process was to
achieve efficiencies of size and standardization, while maintaining the
customer relationships.
</FONT>
<P align="left"><FONT size="2">Market and Competitive Information
</FONT>

<P align="left"><FONT size="2">Bancorp, through its regionalization plan &#147;Project Renaissance,&#148; has focused
its subsidiary group around four broad geographic regions. One region serves
Southeastern Indiana. A second region consists of a Southwestern Ohio and
Northern Kentucky market. The third region serves Northwestern Indiana and
Southern Michigan. The fourth group of subsidiaries focuses on Northwestern
Ohio and Central to Northeastern Indiana. The market areas include many
different types of activity, such as manufacturing, agriculture, education,
healthcare, and service based economies. Within these regions, growth is
projected to continue in key demographic groups and in levels of population.
Core demographic measures Bancorp evaluates include income levels, median
household income, and population growth within key segments. The Midwest
markets that Bancorp serves have experienced a slowing and more uncertain
economy through 2001 and 2002 as indicated by such items as increased
unemployment rates and person bankruptcy growth rates in Ohio and Indiana. The
economic factors continue to have a negative impact on Bancorp&#146;s business.
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="right"><FONT size="2"><B>F-5</B></FONT>
<P align="left"><FONT size="2">Bancorp, as a mid-sized regional bank holding company, believes it is well
positioned to compete in these markets. Smaller than super-regional and
multi-national bank holding companies, Bancorp believes it can meet the needs
of its market through a local decision making network of local management and
affiliate boards of directors. Bancorp believes it is better positioned to
compete for business than some smaller banks, that, may have size or geographic
limitations. Bancorp&#146;s strategy is to differentiate itself by providing
superior customer service and delivering innovative products in its markets.
Bancorp&#146;s targeted customers include individuals and small to medium sized
businesses within the geographic region of the subsidiary branch network.
Through Bancorp&#146;s subsidiaries delivery system of branches, automated teller
machines (ATM&#146;s), internet banking, and telephone based transactions, we meet
the needs of our customers in an ever-changing marketplace.
</FONT>
<P align="left"><FONT size="2">Bancorp faces strong competition from both financial institutions and other
non-financial organizations. Its competitors include local and regional
financial institutions, savings and loans, and bank holding companies, as well
as some of the largest banking organizations in the United States. In
addition, other types of financial institutions, such as credit unions, also
offer a wide range of loan and deposit services that are directly competitive
with those offered by Bancorp&#146;s subsidiaries. The consumer is also served by
brokerage firms and mutual funds that provide checking services, credit cards,
and other services similar to those offered by Bancorp&#146;s subsidiaries. Major
stores compete for loans by offering credit cards and retail installment
contracts. It is anticipated that competition from entities other than
financial institutions will continue to grow.
</FONT>
<P align="left"><FONT size="2">Regulation
</FONT>

<P align="left"><FONT size="2">First Financial, as a national banking association, is subject to supervision
and regular examination by the Comptroller of the Currency. Community First
and Clyde, as Ohio state chartered banks, are subject to supervision and
regular examination by the Superintendent of Banks of the State of Ohio. First
Financial, Community First, Clyde, Heritage, and Sand Ridge are members of the
Federal Reserve System and, as such, are subject to the applicable provisions
of the Federal Reserve Act. Community First, Heritage, and Sand Ridge are also
subject to regular examination by the Federal Reserve System. Indiana
Lawrence, Citizens First, Heritage, and Sand Ridge, as Indiana state chartered
banks, are subject to supervision and regular examination by the Indiana
Department of Financial Institutions. Fidelity Federal, as a federal savings
bank, is subject to supervision and regular examination by the Office of Thrift
Supervision. Since Fidelity Federal is located in Indiana, it is also subject
to examination by the Indiana Department of Financial Institutions. All
depository institutions are insured by the Federal Deposit Insurance
Corporation and are subject to the provisions of the Federal Deposit Insurance

Act.
</FONT>
<P align="left"><FONT size="2">As a bank and savings and loan holding company, Bancorp is subject to the
provisions of the Bank Holding Company Act of 1956 as amended (the Act). The
Act requires bank holding companies to register under the Act and to be subject
to supervision and examination by the Board of Governors of the Federal Reserve
(Board of Governors). Bancorp is required to file with the Board of Governors
an annual report and such additional information as the Board of Governors may
require pursuant to the Act. The Act requires prior approval by the Board of
Governors of the acquisition of 5% or more of the voting stock or substantially
all the assets of any bank within the United States. Following the passage of
the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, bank
holding companies may acquire thrift institutions subject to approval by the
Board of Governors and the Office of Thrift Supervision and ongoing regulation
and examination by the Office of Thrift Supervision. As a bank and savings and
loan holding company located in the State of Ohio, Bancorp is not permitted to
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<P align="right"><FONT size="2"><B>F-6</B></FONT>
<P align="left"><FONT size="2">acquire a bank located in another state unless such acquisition is specifically
authorized by the statutes of such state, as is the case in Indiana, Michigan,
and Kentucky. The Act further provides that the Board of Governors shall not
approve any such acquisition that would result in a monopoly or would be in
furtherance of any combination or conspiracy to monopolize or attempt to
monopolize the business of banking in any part of the United States, or the
effect of which may be to substantially lessen competition or to create a
monopoly in any section of the country, or that in any other manner would be in
restraint of trade, unless the anti-competitive effects of the proposed
transaction are clearly outweighed in the public interest by the probable
effect of the transaction in meeting the convenience and needs of the community
to be served.
</FONT>
<P align="left"><FONT size="2">The Act and the regulations of the Board of Governors prohibit a bank holding
company and its subsidiaries from engaging in certain tie-in arrangements in
connection with any extension of credit, lease or sale of property, or
furnishing of services. The Act also imposes certain restrictions upon
dealings by affiliated banks with the holding company and among themselves,
including restrictions on interbank borrowing and upon dealings in the
securities or obligations of the holding company or other affiliates.
</FONT>
<P align="left"><FONT size="2">The Act was amended by the Gramm-Leach-Bliley Act of 1999 (GLBA), which was
enacted on November&nbsp;12, 1999. The GLBA also repealed portions of the
Glass-Steagall Act, a piece of depression-era legislation intended to separate
banking and commerce. Under the GLBA, bank holding companies that satisfy
certain requirements may elect to become financial holding companies. The GLBA
allows financial holding companies to engage in certain financial activities
that are not permitted for bank holding companies. The GLBA provides a list of
activities that are &#147;financial in nature&#148; and therefore permitted for financial
holding companies. The list includes: lending, investing or safeguarding money
or securities; underwriting insurance or annuities, or acting as an insurance
or annuity principal, agent or broker; providing financial or investment
advice; issuing or selling interests in pools of assets that a bank could hold;
underwriting, dealing or making markets in securities; and, subject to certain
conditions, merchant banking or insurance portfolio investing. The Board of
Governors has the authority to determine that other activities are permitted
for financial holding companies, if those activities satisfy certain criteria.
</FONT>
<P align="left"><FONT size="2">The GLBA establishes the concept of functional regulation for bank holding
companies and financial holding companies, which means that the authority to
regulate will be determined by the nature of the activity involved. Bank
holding companies, financial holding companies and their subsidiaries will be
supervised by the regulatory agency that has traditionally regulated the
particular activity in question, while the Board of Governors will serve as an
&#147;umbrella supervisor.&#148; Therefore, if Bancorp expands its activities into new
areas, those activities would be subject to the supervision of regulatory
agencies that have not previously supervised Bancorp&#146;s activities.
</FONT>
<P align="left"><FONT size="2">The earnings of banks, and therefore the earnings of Bancorp (and its
subsidiaries), are affected by the policies of regulatory authorities,
including the Board of Governors of the Federal Reserve System. An important
function of the Federal Reserve Board is to regulate the national supply of
bank credit in an effort to prevent recession and to restrain inflation. Among
the procedures used to implement these objectives are open market operations in
U.S. Government securities, changes in the discount rate on member bank
borrowings, and changes in reserve requirements against member bank deposits.
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<P align="right"><FONT size="2"><B>F-7</B></FONT>
<P align="left"><FONT size="2">These procedures are used in varying combinations to influence overall growth
and distribution of bank loans, investments and deposits, and their use also
may affect interest rates charged on loans or paid for deposits.
</FONT>
<P align="left"><FONT size="2">Monetary policies of the Federal Reserve Board have had a significant effect on
the operating results of commercial banks in the past and are expected to
continue to do so in the future. The effect, if any, of such policies upon the
future business and earnings of Bancorp cannot accurately be predicted.
</FONT>
<P align="left"><FONT size="2">Bancorp makes no attempt to predict the effect on its revenues and earnings of
changes in general economic, industrial, and international conditions or in
legislation and governmental regulations.
</FONT>
<P align="left"><FONT size="2">Compliance Matter
</FONT>

<P align="left"><FONT size="2">On July&nbsp;2, 2002, Community First Bank &#038;Trust (Community First), which
represents 18.3% of Bancorp&#146;s December&nbsp;31, 2002, total assets, entered into an
agreement with the Federal Reserve Board regarding the steps necessary to bring
the bank into compliance with the Bank Secrecy Act. Among other things, the
Agreement requires Community First to develop and implement new policies and
procedures designed to insure better compliance with regard to tracking and
reporting large cash transactions. Bancorp believes that a May&nbsp;10, 2002,
conversion to a new data processing system is already assisting Community
First&#146;s compliance efforts. Community First&#146;s Board of Directors and
management are totally committed to cooperating with the Federal Reserve Board
to bring the Bank into full compliance with the Bank Secrecy Act requirements.
Community First continues to fulfill the provisions of the Formal Agreement.
Management does not anticipate any material financial impact on Bancorp or the
bank itself arising from this agreement.
</FONT>

<!-- link2 "Item&nbsp;2. Properties." -->
<DIV align="left"><A NAME="002"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;2. Properties.</B>
</FONT>

<P align="left"><FONT size="2">The registrant and its subsidiaries operate from 61 offices in Ohio, including
Bancorp&#146;s executive office in Hamilton, Ohio, 47 offices in Indiana, three in
Kentucky and two in Michigan. Twenty-six of the offices are located in Butler
County, Ohio, of which three branches are built on leased land and seven
branches are located in buildings and on land that are leased. Excess space in
one facility is leased to third parties. Seven offices are located in Hamilton
County, Ohio wherein the land and building are leased for four of the offices.
Three offices are located in Auglaize County, Ohio, of which one building is
leased. Three offices are located in Sandusky County, Ohio, wherein the land
and building is leased for one office. Eight offices are located in Mercer
County, Ohio, four in Van Wert County, Ohio, two in Preble County, Ohio, three
in Warren County, Ohio, two in Paulding County, Ohio, two in Allen County,
Ohio, and one in Williams County, Ohio. Five offices are located in Wabash
County, Indiana, of which two are leased. Six offices are in Lake County,
Indiana of which three are leased. Four offices are in Carroll County,
Indiana, of which one is located in a building and on land that is leased. Two
offices are located in Tippecanoe County, wherein the land and building are
leased for one office. There is one office located in Bartholomew County,
Clinton County, Delaware County, and Jefferson County, Indiana, wherein the
land and building are leased for each. Two offices are located in Allen
County, Indiana wherein the buildings are leased. Two offices are in Randolph
County, Indiana, three in Grant County, Indiana, one in Jay County, Indiana,
three in Blackford County, Indiana, one in Fayette County, Indiana, one in
Franklin County, Indiana, two in Jennings County, Indiana, three in Fulton,
County, Indiana, two in Union County, Indiana, two in Rush County, Indiana, one
in Ripley County, Indiana, and three in Switzerland, County, Indiana. One
office is located in Barry County, Michigan and one in Allegan County,
Michigan. Three offices are located in Boone County, Kentucky. All leases are
comparable to other leases in the respective market areas and do not contain
provisions detrimental to the registrant or its subsidiaries.
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<P align="right"><FONT size="2"><B>F-8</B></FONT>

<!-- link2 "Item&nbsp;3. Legal Proceedings." -->
<DIV align="left"><A NAME="003"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;3. Legal Proceedings.</B>
</FONT>

<P align="left"><FONT size="2">Except for routine litigation incident to their business, the registrant and
its subsidiaries are not a party to any material pending legal proceedings and
none of their property is the subject of any such proceedings.
</FONT>

<!-- link2 "Item&nbsp;4. Submission of Matters to a Vote of Security Holders." -->
<DIV align="left"><A NAME="004"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;4. Submission of Matters to a Vote of Security Holders.</B>
</FONT>

<P align="left"><FONT size="2">No matters were submitted to the shareholders during the fourth quarter of
2002.
</FONT>

<!-- link2 "Additional Item - Executive Officers." -->
<DIV align="left"><A NAME="005"></A></DIV>
<P align="left"><FONT size="2"><B>Additional Item -  Executive Officers.</B>
</FONT>

<P align="left"><FONT size="2">Shown in the table below are the Executive Officers of Bancorp as of December
31, 2002. The Executive Officers will serve until the first meeting of the
Board of Directors following the next annual meeting of shareholders, scheduled
to be held on April&nbsp;22, 2003, or until their successors are elected and duly
qualified. All Executive Officers are chosen by the Board of Directors by a
majority vote.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="57%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Name</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Age</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Position</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Stanley N. Pontius</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
56</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">President and Chief Executive Officer, Director</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">James C. Hall</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
41</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Executive Vice President</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Rex A. Hockemeyer</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
49</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Senior Vice President, Information Technology</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Mark W. Immelt</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
57</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Senior Vice President</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">C. Douglas Lefferson</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
38</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Senior Vice President and Chief Financial Officer</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Brian D. Moriarty</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
60</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Senior Vice President, Human Resources</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">C. Thomas Murrell, III</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
59</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Senior Vice President and Chief Lending Officer</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">J. Franklin Hall</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
34</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Vice President and Controller</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="left"><FONT size="2">The following is a brief description of the business experience over the past
five years of the individuals named above.
</FONT>
<P align="left"><FONT size="2">Stanley N. Pontius became Chief Executive Officer of Bancorp in July 1992.
Upon joining Bancorp in March 1991, he assumed the responsibilities of
President and Chief Operating Officer, as well as a director. He served as
Chief Operating Officer until July 1992. Also in March 1991, he became
President, Chief Executive Officer, and a director of First Southwestern.
Effective July&nbsp;1, 1997, Mr.
Pontius was promoted to Chairman of the Board of First Southwestern and
retained the position of Chief Executive Officer until November&nbsp;24, 1998.
</FONT>
<P align="left"><FONT size="2">James C. Hall became Executive Vice President of Bancorp on June&nbsp;4, 2001.
Since 1991, Mr.&nbsp;Hall has progressed through three Bancorp affiliates. He
joined Home Federal Bank, a Federal Savings Bank as Executive Vice President.
In 1996, he moved to Fidelity where he served as President and Chief Executive
Officer. From 1999 until June&nbsp;4, 2001, he was President and Chief Operating
Officer of Sand Ridge.
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="right"><FONT size="2"><B>F-9</B></FONT>
<P align="left"><FONT size="2">Rex A. Hockemeyer became Senior Vice President, Information Technology of
Bancorp on July&nbsp;5, 2002. He also serves as president and chief executive
officer of First Financial Bancorp Service Corporation, Bancorp&#146;s operations
subsidiary. He joined the Service Corporation as senior vice president,
information technology when this subsidiary was formed in 1999. He had also
served Bancorp as first vice president and director of information technology
prior to joining the operations subsidiary in 1999. He joined First Financial
Bank in 1994 as vice president in the information technology area.
</FONT>
<P align="left"><FONT size="2">Mark W. Immelt became Senior Vice President of Bancorp Trust Services on July
1, 1997. Mr.&nbsp;Immelt joined First Financial in December 1996, as Senior Vice
President and Senior Trust Officer. In December 1999, he was promoted to
President and Chief Executive Officer of First Financial. Before joining First
Financial, he spent 28&nbsp;years managing personal trust, corporate trust, employee
benefit programs and private banking programs in the Northern Indiana and
Northeast Ohio area.
</FONT>
<P align="left"><FONT size="2">C.&nbsp;Douglas Lefferson became Senior Vice President and Chief Financial Officer
effective January&nbsp;11, 2002. He had served as First Vice President and
Comptroller of Bancorp since November&nbsp;25, 1998. Previously, Mr.&nbsp;Lefferson had
served as Vice President and Chief Financial Officer of First Southwestern
since July 1997, Vice President and Comptroller of First Financial since
December 1995 and Assistant Vice President and Assistant Comptroller since
1993.
</FONT>
<P align="left"><FONT size="2">Brian D. Moriarty became Senior Vice President of Bancorp, responsible for the
human resources function, on January&nbsp;12, 1996. Mr.&nbsp;Moriarty also became Senior
Vice President of First Financial in January 1996, where he had been First Vice
President since 1991.
</FONT>
<P align="left"><FONT size="2">C.&nbsp;Thomas Murrell joined Bancorp on April&nbsp;30, 2001, as Senior Vice President
and Chief Lending Officer. Prior to joining Bancorp, Mr.&nbsp;Murrell spent most of
his thirty years in banking in Kentucky, with his most recent position at
Firstar, N.A. (now known as US Bancorp) in Cincinnati, Ohio.
</FONT>
<P align="left"><FONT size="2">J.&nbsp;Franklin Hall became Vice President and Controller effective January&nbsp;11,
2002. He joined Bancorp in June of 1999 as a Financial Officer, advanced to
Assistant Vice President in 2000 and became Vice President on June&nbsp;1, 2001.
Prior to joining Bancorp, Mr.&nbsp;Hall was a Senior Financial Analyst at Firstar
Bank, N.A. (now known as US Bancorp).
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="right"><FONT size="2"><B>F-10</B></FONT>

<!-- link1 "PART II" -->
<DIV align="left"><A NAME="006"></A></DIV>
<P align="center"><FONT size="2"><B>PART II</B>
</FONT>

<!-- link2 "Item&nbsp;5. Market for the Registrant&#146;s Common Equity and Related Shareholder Matters." -->
<DIV align="left"><A NAME="007"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;5. Market for the Registrant&#146;s Common Equity and Related Shareholder Matters.</B>
</FONT>

<P align="left"><FONT size="2">Bancorp had 4,547 common stock shareholders of record as of February&nbsp;7, 2003.
Bancorp&#146;s common equity is listed on The Nasdaq Stock Market&#174;. The
information contained on page 46 of the Notes to Consolidated Financial
Statements in Bancorp&#146;s Annual Report to Shareholders for the year ended
December&nbsp;31, 2002, is incorporated herein by reference in response to this
item.
</FONT>
<P align="left"><FONT size="2">In connection with the payment of cash dividends, under the terms of a
short-term revolving line of credit agreement, Bancorp may not declare or pay
cash dividends in any fiscal year that exceed 70% of Bancorp&#146;s consolidated
net income for the immediately preceding fiscal year.
</FONT>
<!-- link2 "Item&nbsp;6. Selected Financial Data." -->
<DIV align="left"><A NAME="008"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;6. Selected Financial Data.</B>
</FONT>

<P align="left"><FONT size="2">The information contained in Table 1 on page 16 of the Management&#146;s
Discussion and Analysis section of Bancorp&#146;s Annual Report to Shareholders
for the year ended December&nbsp;31, 2002, is incorporated herein by reference in
response to this item.
</FONT>
<!-- link2 "Item&nbsp;7. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations." -->
<DIV align="left"><A NAME="009"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;7. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations.</B>
</FONT>

<P align="left"><FONT size="2">The information contained in the Management&#146;s Discussion and Analysis
section, (pages 15 through 48) of Bancorp&#146;s Annual Report to Shareholders for
the year ended December&nbsp;31, 2002 is incorporated herein by reference in
response to this item.
</FONT>
<P align="left"><FONT size="2">Forward Looking Statements
</FONT>

<P align="left"><FONT size="2">Certain statements contained in this Annual Report on Form&nbsp;10-K which are not
statements of historical fact constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act (the &#147;Act&#148;). In
addition, certain statements in future filings by Bancorp with the Securities
and Exchange Commission, in press releases, and in oral and written
statements made by or with the approval of Bancorp which are not statements
of historical fact constitute forward-looking statements within the meaning
of the Act. Examples of forward-looking statements include, but are not
limited to, projections of revenues, income or loss, earnings or loss per
share, the payment or non-payment of dividends, capital structure and other
financial items, statements of plans and objectives of Bancorp or its
management or Board of Directors; and statements of future economic
performance and statements of assumptions underlying such statements. Words
such as &#147;believes,&#148; &#147;anticipates,&#148; &#147;intends,&#148; and other similar expressions
are intended to identify forward-looking statements but are not the exclusive
means of identifying such statements.
</FONT>
<P align="left"><FONT size="2">Forward-looking statements involve risks and uncertainties which may cause
actual results to differ materially from those in such statements. Factors that
could cause actual results to differ from those discussed in the
forward-looking statements include, but are not limited to, the strength of the
local economies in which operations are conducted; the effects of and changes
in policies and laws of regulatory agencies; inflation, interest rates, market
and monetary fluctuations; technological changes; mergers and acquisitions; the
ability to increase market share and control expenses; the effect of changes in
accounting policies and practices that may be adopted by the regulatory
agencies as well as the Financial Accounting Standards Board and the Securities
and Exchange Commission; the costs and effects of litigation and of unexpected
or adverse outcomes in such litigation; and the success of Bancorp at managing
the risks involved in the foregoing.
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="right"><FONT size="2"><B>F-11</B></FONT>
<P align="left"><FONT size="2">Such forward-looking statements are meaningful only on the date when such
statements are made, and Bancorp undertakes no obligation to update any
forward-looking statement to reflect events
or circumstances after the date on which such a statement is made to reflect
the occurrence of unanticipated events.
</FONT>
<!-- link2 "Item&nbsp;7a. Quantitative and Qualitative Disclosure About Market Risk" -->
<DIV align="left"><A NAME="010"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;7a. Quantitative and Qualitative Disclosure About Market Risk</B>
</FONT>

<P align="left"><FONT size="2">The information contained on pages 24 and 25 of the Management&#146;s Discussion and
Analysis section of Bancorp&#146;s Annual Report to Shareholders for the year ended
December&nbsp;31, 2002 is incorporated herein by reference in response to this item.
</FONT>
<!-- link2 "Item&nbsp;8. Financial Statements and Supplementary Data." -->
<DIV align="left"><A NAME="011"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;8. Financial Statements and Supplementary Data.</B>
</FONT>

<P align="left"><FONT size="2">The consolidated financial statements and report of independent auditors
included on pages 28 through 47 of the Consolidated Financial Statements and
the Notes to Consolidated Financial Statements in Bancorp&#146;s Annual Report to
Shareholders for the year ended December&nbsp;31, 2002 are incorporated herein by
reference.
</FONT>
<P align="left"><FONT size="2">The Annual Financial and Common Stock Data on page 48 of the Notes to
Consolidated Financial Statements in Bancorp&#146;s Annual Report to Shareholders
for the year ended December&nbsp;31, 2002 is incorporated herein by reference.
</FONT>

<!-- link2 "Item&nbsp;9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure." -->
<DIV align="left"><A NAME="012"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.</B>
</FONT>

<P align="left"><FONT size="2">None.
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="right"><FONT size="2"><B>F-12</B></FONT>

<!-- link1 "PART III" -->
<DIV align="left"><A NAME="013"></A></DIV>
<P align="center"><FONT size="2"><B>PART III</B>
</FONT>

<!-- link2 "Item&nbsp;10. Directors and Executive Officers of the Registrant." -->
<DIV align="left"><A NAME="014"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;10. Directors and Executive Officers of the Registrant.</B>
</FONT>

<P align="left"><FONT size="2">Information appearing under &#147;Election of Directors&#148; on pages 3 and 4 and
&#147;Section&nbsp;16(a) Beneficial Ownership Reporting Compliance&#148; on page 18 of
Bancorp&#146;s Proxy Statement, which will be dated March&nbsp;20, 2003 with respect to
the Annual Meeting of Shareholders to be held on April&nbsp;22, 2003, which was
filed pursuant to Regulation&nbsp;14A of the Securities Exchange Act of 1934, is
incorporated herein by reference in response to this item.
</FONT>
<P align="left"><FONT size="2">Reference is also made to &#147;Additional Item - Executive Officers&#148; included in
Part I of this Form&nbsp;10-K in partial response to Item&nbsp;10.
</FONT>
<!-- link2 "Item&nbsp;11. Executive Compensation." -->
<DIV align="left"><A NAME="015"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;11. Executive Compensation.</B>
</FONT>

<P align="left"><FONT size="2">The information appearing under &#147;Meetings of the Board of Directors and
Committees of the Board&#148; on pages 5 and 6, &#147;Executive Compensation&#148; on pages 8
through 15, and &#147;Compensation Committee Report&#148; on pages 15 through 17 of
Bancorp&#146;s Proxy Statement which will be dated March&nbsp;20, 2003 is incorporated
herein by reference in response to this item.
</FONT>
<!-- link2 "Item&nbsp;12. Security Ownership of Certain Beneficial Owners and Management." -->
<DIV align="left"><A NAME="016"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;12. Security Ownership of Certain Beneficial Owners and Management.</B>
</FONT>

<P align="left"><FONT size="2">The information appearing under &#147;Shareholdings of Directors, Executive
Officers, and Nominees for Director&#148; on pages 2 and 3 of Bancorp&#146;s Proxy
Statement which will be dated March&nbsp;20, 2003 is incorporated herein by
reference in response to this item.
</FONT>
<P align="center"><FONT size="2">EQUITY COMPENSATION PLAN INFORMATION
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="44%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>&nbsp;</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>&nbsp;</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>&nbsp;</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Number of securities</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>&nbsp;</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>remaining available for </B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Number of securities</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>&nbsp;</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>future issuance under</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>to be issued upon</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Weighted-average</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>equity compensation</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>exercise of</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>exercise price of </B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>plans (excluding</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>outstanding options,</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>outstanding options,</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>securities reflected in</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Plan category</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>warrants and rights</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>warrants and rights</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>column (a))</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>(a)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>(b) (1)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>(c) (1)</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Equity compensation
plans approved by
security holders</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,586,123</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">17.62</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">5,962,775</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Equity compensation
plans not approved
by security holders</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">N/A</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">N/A</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">N/A</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The securities included in this column are available for issuance
under Bancorp&#146;s 1999 Stock Option Plan for Non-Employee Directors
(Director Plan) and its 1999 Stock Incentive Plan for Officers and
Employees (Incentive Plan). Both the Director Plan and the Incentive
Plan include provisions regarding adjustments to the number of
securities available for future issuance under the respective plans in
the event of a merger, reorganization, consolidation, recapitalization,
reclassification, split-up, spin-off, separation, liquidation, stock</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="right"><FONT size="2"><B>F-13</B></FONT>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">dividend, stock split, reverse stock split, property dividend, share
repurchase, share combination, share exchange, issuance of warrants,
rights or debentures or other change in corporate structure of Bancorp
affecting Bancorp&#146;s common shares. In any of the foregoing events, the
Director Plan permits the Board of Directors and the Incentive Plan
permits the Board of Directors or the Compensation Committee to make such
substitution or adjustments in the aggregate number and kind of shares
available for issuance under the respective plans as the Board of
Directors (or, in the case of the Incentive Plan, the Compensation
Committee) may determine to be appropriate in its sole discretion. Of the
securities reported in this column, 412,903 are available for future
issuance under the Director Plan and 5,549,872 are available under the
Incentive Plan.</FONT></TD>
</TR>
</TABLE>
<!-- link2 "Item&nbsp;13. Certain Relationships and Related Transactions." -->
<DIV align="left"><A NAME="017"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;13. Certain Relationships and Related Transactions.</B>
</FONT>

<P align="left"><FONT size="2">The information appearing in Note 20 of the Notes to Consolidated Financial
Statements included on page 28 of Bancorp&#146;s Annual Report to Shareholders is
incorporated herein by reference in response to this item.
</FONT>
<!-- link2 "Item&nbsp;14. Controls and Procedures." -->
<DIV align="left"><A NAME="018"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;14. Controls and Procedures.</B><BR><BR>
a) Evaluation of disclosure controls and procedures
</FONT>

<P align="left"><FONT size="2">Bancorp has established controls and other procedures designed to ensure that
the information required to be disclosed in this report is recorded, processed,
summarized, and reported within the required time periods (the &#147;disclosure
controls and procedures&#148;). Bancorp&#146;s Chief Executive Officer and Chief
Financial Officer have evaluated the disclosure controls and procedures within
90&nbsp;days prior to the filing of this report. Based upon that evaluation,
Bancorp&#146;s Chief Executive Officer and Chief Financial Officer have concluded
that the disclosure controls and procedures are effective (i)&nbsp;to ensure that
material information relating to Bancorp, including its consolidated
subsidiaries, is communicated to them on a timely basis, and (ii)&nbsp;to accomplish
the purposes for which they were designed.
</FONT>
<P align="left"><FONT size="2">(b)&nbsp;Changes in internal controls
</FONT>

<P align="left"><FONT size="2">There were no significant changes in Bancorp&#146;s internal controls or in other
factors that could significantly affect these controls subsequent to the date
of the evaluation by Bancorp&#146;s Chief Executive Officer and Chief Financial
Officer. Since there were no significant deficiencies or material weaknesses,
no corrective action was necessary.
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="right"><FONT size="2"><B>F-14</B></FONT>
<!-- link1 "PART IV" -->
<DIV align="left"><A NAME="019"></A></DIV>
<P align="center"><FONT size="2"><B>PART IV</B>
</FONT>

<!-- link2 "Item&nbsp;15. Exhibits, Financial Statement Schedules, and Reports on Form&nbsp;8-K." -->
<DIV align="left"><A NAME="020"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;15. Exhibits, Financial Statement Schedules, and Reports on Form&nbsp;8-K.</B>
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Page*</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">(a)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" valign="top" align="left"><FONT size="2">Documents filed as a part of the Report:</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
(1)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Report of Ernst &#038; Young LLP, Independent Auditors
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

    <TD align="left" valign="top"><FONT size="2">47</FONT></TD>
</TR>


<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Consolidated Balance Sheets as of December&nbsp;31, 2002 and 2001
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">28</FONT></TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Consolidated Statements of Earnings for year ended
December&nbsp;31, 2002, 2001, and 2000
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">29</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Consolidated Statements of Cash Flows for year ended
December&nbsp;31, 2002, 2001, and 2000
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">30</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Consolidated Statements of Changes in Shareholders&#146; Equity
for year ended December&nbsp;31, 2002, 2001, and 2000
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">31</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Notes to Consolidated Financial Statements
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">32</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
(2)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Financial Statement Schedules:</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Schedules to the consolidated financial statements
required by Regulation&nbsp;S-X are not required under the
related instructions, or are inapplicable, and therefore
have been omitted
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">N/A</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P>
<HR size="1" width="30%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">

    <TD width="100%"><FONT size="2">*&nbsp;&nbsp; &nbsp;The page numbers indicated refer to pages of the registrant&#146;s Annual Report to
Shareholders for the fiscal year ended December&nbsp;31, 2002 which are incorporated
herein by reference.</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="right"><FONT size="2"><B>F-15</B></FONT>



<P align="left"><FONT size="2">(3) Exhibits:
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Exhibit</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Number</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">3.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Articles of Incorporation, as amended as of April&nbsp;27, 1999 and
incorporated herein by reference to Form&nbsp;10-Q for the quarter ended
June&nbsp;30, 1999. File No.&nbsp;000-12379.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">3.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Amended and Restated Regulations, as of April&nbsp;22, 1997 and
incorporated herein by reference to Form10-K for year ended December
31, 1997. File No. 000-12379.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Rights Agreement between First Financial Bancorp and First
National Bank of Southwestern Ohio dated as of November&nbsp;23, 1993 and
incorporated herein by reference to Form&nbsp;10-K for year ended December
31, 1998. File No.&nbsp;000-12379.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
First Amendment to Rights Agreement dated as of May&nbsp;1, 1998 and
incorporated herein by reference to Form&nbsp;10-Q for the quarter ended
March&nbsp;31, 1998. File No.&nbsp;000-12379.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
No instruments defining the rights of holders of long-term debt
of Bancorp are filed herewith. Pursuant to (b)(4)(iii) of Item&nbsp;601 of
Regulation&nbsp;S-K, Bancorp agrees to furnish a copy of any such
agreements to the Securities and Exchange Commission upon request.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">10.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
First Financial Bancorp. 1991 Stock Incentive Plan, dated
September&nbsp;24, 1991 and incorporated herein by reference to a
Registration Statement on Form&nbsp;S-8, Registration No.&nbsp;33-46819.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">10.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Agreement between Stanley N. Pontius and First Financial Bancorp.
dated August&nbsp;4, 2000 and incorporated herein by reference to Form10-Q
for the quarter ended September&nbsp;30, 2000. File No.&nbsp;000-12379.</FONT></TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">10.3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Agreement between Mark W. Immelt and First Financial Bancorp.
dated August&nbsp;4, 2000 and incorporated herein by reference to Form10-Q
for the quarter ended September&nbsp;30, 2000. File No.&nbsp;000-12379.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">10.4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Agreement between James C. Hall and First Financial Bancorp.
dated June&nbsp;21, 2001 and incorporated herein by reference to Form&nbsp;10-K
for the year ended December&nbsp;31, 2001. File No.&nbsp;000-12379.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">10.5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Agreement between Charles D. Lefferson and First Financial
Bancorp. dated August&nbsp;4, 2000.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">10.6</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Agreement between C. Thomas Murrell, III and First Financial
Bancorp. dated April&nbsp;30, 2001.</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="right"><FONT size="2"><B>F-16</B></FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Exhibit</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Number</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">10.7</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
First Financial Bancorp. Dividend Reinvestment and Share Purchase
Plan, dated April&nbsp;24, 1997 and incorporated herein by reference to a
Registration Statement on Form&nbsp;S-3, Registration No.&nbsp;333-25745.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">10.8</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
First Financial Bancorp. 1999 Stock Incentive Plan for Officers
and Employees, dated April&nbsp;27, 1999 and incorporated herein by
reference to a Registration Statement on Form&nbsp;S-8, Registration No.
333-86781.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">10.9</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
First Financial Bancorp. 1999 Stock Incentive Plan for
Non-Employee Directors, dated April&nbsp;27, 1999 and incorporated herein
by reference to a Registration Statement on Form&nbsp;S-8, Registration No.
333-86781.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">10.10</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
First Financial Bancorp. Director Fee Stock Plan amended
effective as of February&nbsp;27, 2001 and incorporated herein by reference
to Form10-K for the year ended December&nbsp;31, 2000. File
No.&nbsp;000-12379.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">10.11</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Form of Executive Supplemental Retirement Agreement.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">10.12</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Form of Endorsement Method Split Dollar Agreement.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">13</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Registrant&#146;s annual report to shareholders for the year ended
December&nbsp;31, 2002.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">21</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
First Financial Bancorp. Subsidiaries.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">23</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Ernst &#038; Young LLP, Independent Auditors.</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="left"><FONT size="2">The Company will furnish, without charge, to a security holder upon request a
copy of the documents, portions of which are incorporated by reference (Annual
Report to Shareholders and Proxy Statement), and will furnish any other Exhibit
upon payment of reproductions costs.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="98%"><FONT size="2">Reports on Form&nbsp;8-K:</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">A Form&nbsp;8-K dated November&nbsp;12, 2002, reporting the submission of the
Certifications of Periodic Financial Report by Bancorp's Chief Executive
Officer and Chief Financial Officer pursuant to Section&nbsp;906 of the
Sarbanes-Oxley Act of 2002 was filed.</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="021"></A></DIV>

<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P align="left"><FONT size="2">Pursuant to the requirements of Section&nbsp;13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
</FONT>
<P align="left"><FONT size="2">FIRST FINANCIAL BANCORP.
</FONT>

<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">By:</FONT></TD>
    <TD valign="top"><FONT size="2">/s/ Stanley N. Pontius</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><HR size="1" width="55%" align="left" noshade></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">Stanley N. Pontius, Director<BR>
President and Chief Executive Officer</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>

<P align="left"><FONT size="2">Date 2/25/03</FONT>

<P align="left"><FONT size="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the report
has been signed below by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Stanley N. Pontius<BR>
</FONT><HR size="1" align="left" width="65%" noshade><FONT size="2">
Stanley N. Pontius, Director<BR>
President and Chief Executive Officer</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ C. Douglas Lefferson<BR>
</FONT><HR size="1" align="left" width="65%" noshade><FONT size="2">
C. Douglas Lefferson, Senior Vice<BR>
President and Chief Financial Officer</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Date 2/25/03</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Date 2/25/03</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ J. Franklin Hall<BR>
</FONT><HR size="1" align="left" width="65%" noshade><FONT size="2">
J. Franklin Hall, Vice President and
Controller<BR>
(Principal Accounting Officer)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Steven S. Marcum<BR>
</FONT><HR size="1" align="left" width="65%" noshade><FONT size="2">
Steven S. Marcum, Director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Date 2/25/03</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Date 2/25/03</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Perry D. Thatcher<BR>
</FONT><HR size="1" align="left" width="65%" noshade><FONT size="2">
Perry D. Thatcher, Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Barry S. Porter<BR>
</FONT><HR size="1" align="left" width="65%" noshade><FONT size="2">
Barry S. Porter, Director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Date 2/25/03</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Date 2/25/03</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Corinne R. Finnerty<BR>
</FONT><HR size="1" align="left" width="65%" noshade><FONT size="2">
Corinne R. Finnerty, Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Murph Knapke<BR>
</FONT><HR size="1" align="left" width="65%" noshade><FONT size="2">
Murph Knapke, Director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Date 2/25/03</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Date 2/25/03</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="95%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center"><FONT size="2"><B>SIGNATURES (CONT&#146;D)</B></FONT></TD>
    <TD><FONT size="2"><B>F-18</B></FONT></TD>
</TR>
</TABLE>


<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Martin J. Bidwell<BR>
</FONT><HR size="1" align="left" width="55%" noshade><FONT size="2">
Martin J. Bidwell, Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Donald M. Cisle<BR>
</FONT><HR size="1" align="left" width="55%" noshade><FONT size="2">
Donald M. Cisle, Director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Date 2/25/03</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Date 2/25/03</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Richard L. Alderson<BR>
</FONT><HR size="1" align="left" width="55%" noshade><FONT size="2">
Richard L. Alderson, Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Steven C. Posey<BR>
</FONT><HR size="1" align="left" width="55%" noshade><FONT size="2">
Steven C. Posey, Director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Date 2/25/03</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Date  2/25/03</FONT></TD>

</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Carl R. Fiora<BR>
</FONT><HR size="1" align="left" width="55%" noshade><FONT size="2">
Carl R. Fiora, Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Bruce S. Leep<BR>
</FONT><HR size="1" align="left" width="55%" noshade><FONT size="2">
Bruce S. Leep, Director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Date 2/25/03</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Date 2/25/03</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="95%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR valign="bottom">
<!-- link1 "CERTIFICATIONS" -->
<DIV align="left"><A NAME="022"></A></DIV>
    <TD align="center"><FONT size="2"><B>CERTIFICATIONS</B></FONT></TD>
    <TD><FONT size="2"><B>F-19</B></FONT></TD>
</TR>
</TABLE>


<P align="left"><FONT size="2">I, Stanley N. Pontius, President and Chief Executive Officer of First Financial
Bancorp, certify that:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">1.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">I have reviewed this annual report on Form&nbsp;10-K of First Financial
Bancorp.;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">2.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this annual report;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">3.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of
the registrant as of, and for, the periods presented in this annual
report;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">4.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The registrant&#146;s other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules&nbsp;13a-14 and 15d-14) for the registrant and
have:</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this annual report
is being prepared;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">evaluated the effectiveness of the registrant&#146;s disclosure
controls and procedures as of a date within 90&nbsp;days prior to the
filing date of this annual report (the &#147;Evaluation Date&#148;); and</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">c)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">presented in this annual report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">5.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The registrant&#146;s other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant&#146;s auditors and the audit
committee of registrant&#146;s board of directors (or persons performing the
equivalent functions):</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">all significant deficiencies in the design or operation of
internal controls which could adversely affect the registrant&#146;s
ability to record, process, summarize and report financial data and
have identified for the registrant&#146;s auditors any material weaknesses
in internal controls; and</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant&#146;s
internal controls; and</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">6.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The registrant&#146;s other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation, including
any corrective actions with regard to significant deficiencies and
material weaknesses.</FONT></TD>
</TR>
</TABLE>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap valign="top"><FONT size="2">Date:</FONT></TD>
    <TD><FONT size="2">2/25/03</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
/s/ Stanley N. Pontius</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
  <TD align="left" valign="top"><FONT size="2">
<HR size="1" width="40%" noshade></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
  <TD align="left" valign="top"><FONT size="2">
<HR size="1" width="100%" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Stanley N. Pontius
<BR>President &#038; Chief Executive Officer</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="95%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center"><FONT size="2"><B>CERTIFICATIONS (cont&#146;d)</B></FONT></TD>
    <TD><FONT size="2"><B>F-20</B></FONT></TD>
</TR>
</TABLE>

<P align="left"><FONT size="2">I, C. Douglas Lefferson, Senior Vice President and Chief Financial Officer of
First Financial Bancorp certify that:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">1.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">I have reviewed this annual report on Form&nbsp;10-K of First Financial
Bancorp.;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">2.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this annual report;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">3.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of
the registrant as of, and for, the periods presented in this annual
report;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">4.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The registrant&#146;s other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules&nbsp;13a-14 and 15d-14) for the registrant and
have:</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this annual report
is being prepared;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">evaluated the effectiveness of the registrant&#146;s disclosure
controls and procedures as of a date within 90&nbsp;days prior to the
filing date of this annual report (the &#147;Evaluation Date&#148;); and</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">c)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">presented in this annual report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">5.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The registrant&#146;s other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant&#146;s auditors and the audit
committee of registrant&#146;s board of directors (or persons performing the
equivalent functions):</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">all significant deficiencies in the design or operation of
internal controls which could adversely affect the registrant&#146;s
ability to record, process, summarize and report financial data and
have identified for the registrant&#146;s auditors any material weaknesses
in internal controls; and</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant&#146;s
internal controls; and</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">6.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The registrant&#146;s other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation, including
any corrective actions with regard to significant deficiencies and
material weaknesses.</FONT></TD>
</TR>
</TABLE>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Date:</FONT></TD>
    <TD><FONT size="2">2/25/03</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
/s/ C. Douglas Lefferson</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" width="40%" noshade></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
C. Douglas Lefferson
<BR>Sr. Vice President &#038; Chief Financial Officer</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2">&nbsp;</FONT>



</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>3
<FILENAME>l99690aexv10w5.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 10.5 Agrmt Between C. Lefferson/First Fin</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="right"><FONT size="2"><B>EXHIBIT 10.5</B></FONT>

<P align="left"><FONT size="2"><B>CONFIDENTIAL</B>
</FONT>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center"><FONT size="2">August&nbsp;4, 2000</FONT></TD>
</TR>
</TABLE>


<P align="right"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>

<P align="left"><FONT size="2">Charles D. Lefferson<BR>
First Vice President &#038; Comptroller<BR>
First Financial Bancorp<BR>
300 High Street<BR>
P.O. Box 476<BR>
Hamilton, OH 45012
</FONT>

<P align="left"><FONT size="2">Dear Doug:</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You are employed by First Financial Bancorp (&#147;FFBC&#148;) in a key executive
position. Continuity of the management of FFBC and its affiliate banks is a
critical factor in the continued success of FFBC. The Board of Directors of
FFBC believes it is in the best interest of FFBC to encourage the continued
effort and dedication of key members of management to their assigned duties.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In consideration of the mutual promises contained in this letter, FFBC
shall provide to you, and you shall receive from FFBC, the benefits set forth
in this letter (&#147;Agreement&#148;), if your employment with FFBC is terminated during
the term of this Agreement.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">1.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Purpose.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">This Agreement establishes certain basic terms and conditions relating to
your employment with FFBC, and special arrangements and dispute
resolution proceedings relating to the termination of your employment for
any reason other than: (i)&nbsp;your retirement; (ii)&nbsp;your becoming totally
and permanently disabled under the FFBC long-term disability plan or
policy; or (iii)&nbsp;your death. This Agreement supersedes all prior
agreements with FFBC and any of its affiliate banks or any predecessor
businesses, except the Confidentiality Agreement concurrently entered, or
previously entered, between you and FFBC, and the special severance
benefits provided under this Agreement are to be provided instead of any
other severance arrangements offered by FFBC or its affiliate banks.
Notwithstanding the foregoing, neither your termination of employment nor
anything contained in this Agreement shall have any adverse effect</FONT></TD>
</TR>
</TABLE>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="left"><FONT size="2">Charles D. Lefferson<BR>
August&nbsp;4, 2000<BR>
Page 2
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">upon your rights under any tax-qualified &#147;pension benefit plan,&#148; as such term
is defined in the Employee Retirement Income Security Act of 1974, as
amended (&#147;ERISA&#148;); or under any &#147;welfare benefit plan&#148; as defined in ERISA, including by way of
illustration and not limitation, any medical surgical or hospitalization
benefit coverage or long-term disability benefit coverage; or under any
non-qualified deferred compensation arrangement, including by way of
illustration and not limitation, any stock incentive plan or
non-qualified pension plan; or under the FFBC Performance Incentive Plan
for any completed plan year.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">2.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Employment.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">FFBC agrees that, during the term of this Agreement, you will be employed
with FFBC, in your present position or in a position that is comparable
to your present position in compensation, responsibility and stature and
for which you are suited by education and background and that:</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">you are, and will continue to be, eligible to participate in
any employee benefit plan of FFBC in accordance with its terms; and</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">you will be entitled to the same treatment under any
generally applicable employment policy or practice as any other
member of Executive Management Group whose position in the
organization is comparable to yours.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="2" width="96%"><FONT size="2">Those plans, policies and practices that generally apply to other members
of the Executive Management Group will be referred to in this Agreement
as your &#147;Employment Benefits.&#148; Your Employment Benefits may be modified
from time to time after the date hereof without violation of this
Agreement if the changes apply generally to other members of the
Executive Management Group.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">3.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Term of Agreement.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">This Agreement shall become effective on the date of this Agreement
(&#147;Commencement Date&#148;) and shall continue in effect through the earlier of
(i)&nbsp;the fifth anniversary of the Commencement Date; (ii)&nbsp;the date of your
retirement, death or total and permanent disability; or (iii)&nbsp;the
completion of full payment of all benefits promised hereunder. Absent
your death, total and permanent disability or retirement, this Agreement
shall be renewed annually from and after the fifth anniversary of the
Commencement Date unless written notice to the contrary is given by you
or by FFBC at least six (6)&nbsp;months prior to the expiration of the term,
including any extension thereof.</FONT></TD>
</TR>
</TABLE>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="left"><FONT size="2">Charles D. Lefferson<BR>
August&nbsp;4, 2000<BR>
Page 3
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">4.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Termination of Employment.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Your employment may be terminated in accordance with any of the following
paragraphs, but only upon one (1)&nbsp;month&#146;s advance written notice (which
period shall be referred to in this Agreement as the &#147;Notice Period&#148;):</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Involuntary Termination. FFBC may terminate your employment
without cause. In such an event, you shall continue to receive your
full salary and Employment Benefits during the Notice Period. The
expiration of the Notice Period shall be your &#147;Date of Termination.&#148;
Upon your Date of Termination, you shall be entitled to those
benefits provided under Section&nbsp;5, provided you give FFBC the
release and covenant not to sue described in Section&nbsp;5.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Involuntary Termination for Cause. FFBC may terminate your
employment for &#147;Cause&#148; with written notice setting forth the Cause
for termination. &#147;Cause&#148; means a willful engaging in gross
misconduct materially and demonstrably injurious to FFBC. &#147;Willful&#148;
means an act or omission in bad faith and without reasonable belief
that such act or omission was in, or not opposed to, the best
interests of FFBC. The expiration of the Notice Period is your
&#147;Date of Termination for Cause.&#148; Upon your Date of Termination for
Cause, you shall only be entitled to those benefits provided under
Section&nbsp;6.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(c)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Voluntary Termination. You may voluntarily terminate your
employment. In such an event, you shall continue to receive your
full salary and Employment Benefits during the Notice period
provided you satisfactorily perform your duties during the Notice
Period unless relieved of those duties by FFBC. The expiration of
the Notice Period is your &#147;Voluntary Date of Termination.&#148; Upon
your Voluntary Date of Termination, you shall only be entitled to
those benefits provided under Section&nbsp;6.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(d)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Voluntary Termination for Good Reason. You may terminate
your employment by notice setting forth a Good Reason for
termination if the notice is delivered to FFBC within thirty (30)
days following the occurrence of any &#147;Good Reason.&#148; &#147;Good Reason&#148;
means a (i)&nbsp;change in the duties of your position, or the transfer
to a new position, which is not comparable to your present position
in compensation, responsibility or status in violation of Section&nbsp;2;
(ii)&nbsp;substantial alteration in the nature or status of your
responsibilities in violation of Section&nbsp;2; (iii)&nbsp;reduction in your
base salary; (iv)&nbsp;refusal by FFBC, or its successor, to renew the
term of this Agreement for any reason, prior to your reaching your
normal retirement date under the FFBC Pension Benefit Plan; or (v)
changes in your Employment Benefits in violation of Section&nbsp;2. If
you give notice of termination for Good Reason, you shall continue
to receive your full base salary and Employment</FONT></TD>
</TR>
</TABLE>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="left"><FONT size="2">Charles D. Lefferson<BR>
August&nbsp;4, 2000<BR>
Page 4
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Benefits during the
Notice Period as in effect prior to the event that is the Good
Reason for termination, subject to the right of FFBC to make any
changes to your Employment Benefits permitted in accordance with
Section&nbsp;2. The expiration of the Notice Period is your &#147;Date of
Termination.&#148; Upon your Date of Termination, you shall be entitled
to those benefits provided under Section&nbsp;5, provided you give FFBC
the written release and covenant not to sue described in Section&nbsp;5.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">5.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Special Severance Benefits.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">If your employment with FFBC is involuntarily terminated in accordance
with Section&nbsp;4(a) or you voluntarily terminate your employment for Good
Reason in accordance with Section&nbsp;4(d) and you provide FFBC with a
separate, written release and covenant not to sue (on a form provided by
and satisfactory to FFBC) which releases FFBC from all claims arising
from your employment and termination of your employment, and you do not
revoke this release and covenant not to sue, then you shall receive the
following benefits, less any applicable withholding required for federal,
state or local taxes:</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">your base salary shall be continued in effect for a period of
twenty-four (24)&nbsp;months from your Date of Termination (hereinafter
called your &#147;Severance Pay Period&#148;);</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">if, prior to your Date of Termination, you have participated
in the FFBC Performance Incentive Plan for a complete calendar year,
you will receive an incentive compensation payment within thirty
(30)&nbsp;days of your Date of Termination in one lump-sum in an amount
equal to 2.0 times the percentage of the incentive payment made or
required to be made for the calendar year pursuant to the
Performance Incentive Plan immediately preceding the calendar year
in which your Date of Termination occurs;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(c)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">if your Date of Termination is within twelve (12)&nbsp;months
after a Change in Control, you will receive a payment within thirty
(30)&nbsp;days of your Date of Termination in one lump-sum in an amount
equal to the total of the following:</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(i)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="89%"><FONT size="2">With respect to any shares of Stock subject to an
Option granted to you as of the time of the Change in Control
under the First Financial Bancorp 1991 Stock Incentive Plan
(the &#147;Incentive Plan&#148;) that you cannot exercise as a result of
your termination of employment, the difference between the
fair market value of such Stock, determined as of your Date of
Termination, and the Option Price.</FONT></TD>
</TR>
</TABLE>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="left"><FONT size="2">Charles D. Lefferson<BR>
August&nbsp;4, 2000<BR>
Page 5
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(ii)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="89%"><FONT size="2">With respect to any Restricted Stock granted to
you under the Incentive Plan as of the time of the Change in
Control which you forfeit as a result of your termination of
employment, the fair market value of such
Restricted Stock, determined as of your Date of Termination
and as if all restrictions had been removed.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="6%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(iii)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="90%"><FONT size="2">For purposes of this Section&nbsp;5, &#147;Stock,&#148;
&#147;Options,&#148; &#147;Option Price,&#148; &#147;Restricted Stock&#148; and &#147;Committee&#148;
will have the meaning given those terms in the Incentive Plan,
and your right to exercise Options or to receive Restricted
Stock without forfeiture will be determined after any
adjustments made by the Committee under Sections&nbsp;8.8 and 11.1
of the Incentive Plan, and after any amendments made to the
Incentive Plan in connection with the Change in Control.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="6%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(iv)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="90%"><FONT size="2">For purposes of this Section&nbsp;5, &#147;Change in
Control&#148; will have the following meaning: (a)&nbsp;a plan has been
approved by the shareholders of FFBC and consummated for FFBC
to be merged or consolidated with another corporation and as a
result of such merger or consolidation less than 75% of the
outstanding voting securities of the surviving or resulting
corporation will be owned in the aggregate by the former
shareholders of FFBC as the same shall have existed
immediately prior to such merger or consolidation; (b)&nbsp;an
agreement for the sale by FFBC of substantially all of its
assets to another corporation which is not a wholly owned
subsidiary has been approved by the shareholders (or the Board
of Directors or appropriate officers if shareholder approval
is not required) and consummated; (c) &#147;beneficial ownership&#148;
as defined in Rule&nbsp;13d-3 promulgated under the Securities
Exchange Act of 1934 (the &#147;Exchange Act&#148;) of twenty percent
(20%) or more of the total voting capital stock of FFBC then
issued and outstanding has been acquired by any person or
&#147;group&#148; as defined in Section&nbsp;13(d)(3) of the Exchange Act; or
(d)&nbsp;individuals who were members of the Board of FFBC
immediately prior to a meeting of the shareholders of FFBC
involving a contest for the election of directors do not
constitute a majority of the Board immediately following such
election, unless the election of such new directors was
recommended to the shareholders by the management of FFBC.
The Board of FFBC has final authority to determine the exact
date on which a Change in Control has occurred under the
foregoing definitions.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(d)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">your Employment Benefits shall be continued during your
Severance Pay Period, subject to the right of FFBC to make any
changes to your Employment Benefits permitted in accordance with
Section&nbsp;2; provided, however, that you shall not:</FONT></TD>
</TR>
</TABLE>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="left"><FONT size="2">Charles D. Lefferson<BR>
August&nbsp;4, 2000<BR>
Page 6
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(i)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="89%"><FONT size="2">accumulate vacation pay for periods after your
Date of Termination;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(ii)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="89%"><FONT size="2">first qualify for long-term disability benefits
or sickness and accident plan benefits by reason of an
illness, accident or disability occurring, or a sickness or
illness first manifesting itself, after your Date of
Termination;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(iii)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="89%"><FONT size="2">be eligible to continue to make contributions to
any Internal Revenue Code &#167; 401(k) plan maintained by FFBC or
qualify for a share of any employer contribution made to any
tax-qualified defined contribution plan;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(iv)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="89%"><FONT size="2">be eligible to accumulate service for pension
plan purposes; or</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(v)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="89%"><FONT size="2">retain possession of any motor vehicle provided
to you by FFBC.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(e)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">you shall qualify for full COBRA health benefit continuation
coverage upon the expiration of your Severance Pay Period;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(f)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">you shall be entitled to full executive outplacement
assistance with an agency selected by FFBC with the fee paid by FFBC
in an amount not to exceed five percent (5%) of your annual base
salary;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(g)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">with respect to the Endorsement Method Split Dollar Plan
Agreement (the &#147;Split Dollar Agreement&#148;) to which you are a party
(and solely for purposes of the Split Dollar Agreement), the
duration of your Severance Pay Period shall be considered as if it
were active employment for purposes of determining whether you were
eligible to receive a retirement benefit under the early retirement
provisions of First Financial Bancorp Employees&#146; Pension Plan, as
provided in Section&nbsp;VI(B) of the Split Dollar Agreement; and</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(h)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">if your Date of Termination is within twelve (12)&nbsp;months
after a Change in Control, you will receive a payment (the &#147;Split
Dollar Payment&#148;) within ninety (90)&nbsp;days of your Date of Termination
in one lump-sum equal to the present value of the death benefit you
would have received under the Split Dollar Agreement, determined as
if you had terminated on your Date of Termination, were then
eligible to receive a retirement benefit under the early retirement
provisions of First Financial Bancorp Employees&#146; Pension Plan
(whether or not this is actually the case), and died at age 75 when
the Split Dollar Agreement was still in effect. For purposes of
this Section&nbsp;5, present value will be determined using an annual
discount rate of 7%. Notwithstanding the prior two sentences, if
you elect to receive an assignment of the policy under Section&nbsp;X of
the Split Dollar Agreement, the Split Dollar Payment shall be
applied to the cash payment to FFBC required under Section&nbsp;X of the
Split Dollar Agreement, and any portion of</FONT></TD>
</TR>
</TABLE>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="left"><FONT size="2">Charles D. Lefferson<BR>
August&nbsp;4, 2000<BR>
Page 7
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">the Split Dollar Payment
in excess of the amount required under Section&nbsp;X shall be paid to
you. The provisions of this Paragraph (g)&nbsp;will apply whether or not
your Split Dollar Agreement is terminated before you receive the
Split Dollar Payment.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(i)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Notwithstanding any other provision of this Agreement, if the
receipt of any payment under Section&nbsp;5 of this Agreement in
combination with any other payments to you from FFBC or its
affiliates that are parachute payments (as defined in Section&nbsp;280G
of the Internal Revenue Code), shall, in the opinion of independent
tax counsel of recognized standing selected by FFBC, cause you to be
liable for the payment of any excise tax pursuant to Section&nbsp;280G
and Section&nbsp;4999 of the Internal Revenue Code, then FFBC will pay to
you an additional amount equal to the amount of such excise tax and
the additional federal, state, and local income taxes for which you
will be liable as a result of this additional payment. Such payment
will be made within 60&nbsp;days of the date your employment terminates.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The release and covenant not to sue which you agree to provide prior to
the receipt of special severance benefits under this Section&nbsp;5 of this
Agreement shall comply with the requirements of the Older Workers Benefit
Protection Act and applicable state and federal laws and regulations. If
you do not provide FFBC with such a written release and covenant not to
sue, any claims concerning this Agreement or otherwise arising from your
employment with FFBC, or its affiliate banks, shall be subject to final
and binding arbitration as described in Section&nbsp;7.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">6.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Benefits Upon Voluntary Termination or Termination for Cause.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Upon your Date of Termination for Cause in accordance with Section&nbsp;4(b)
or your Voluntary Date of Termination in accordance with Section&nbsp;4(c),
all special severance benefits under this Agreement will be void. In
such an event, you shall be eligible for any benefits provided in
accordance with the plans and practices of FFBC that are applicable to
employees generally.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">7.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Arbitration.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Any dispute under this Agreement, and any claims of wrongful or
discriminatory termination based on any state or federal statute, tort,
public policy, contract or promissory estoppel theory, including any
dispute as to the cause or reason for termination, shall be submitted to
final and binding arbitration, subject to the National Rules for the
Resolution of Employment Disputes of the American Arbitration</FONT></TD>
</TR>
</TABLE>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="left"><FONT size="2">Charles D. Lefferson<BR>
August&nbsp;4, 2000<BR>
Page 8
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Association, effective June&nbsp;1, 1997, as amended from time to time, except
as hereinafter provided:</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">FFBC shall pay the arbitrator&#146;s fee and a court reporter&#146;s
attendance fee;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Each party shall bear the cost of its own attorney&#146;s fees.
However, if you prevail in a challenge to FFBC&#146;s determination as to
cause for your termination or if you prevail on any claim that you
were discriminated against in violation of any federal law or
statute, you shall be reimbursed by FFBC for the filing fee and any
reasonable costs or expenses incurred in such a challenge, including
reasonable attorney&#146;s fees;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(c)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The arbitration hearing shall be held in Hamilton, Ohio,
unless the parties mutually agree to another location;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(d)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Each party shall exchange documents to be utilized as
exhibits in the arbitration hearing and each party shall be limited
to two (2)&nbsp;pre-hearing depositions of two (2)&nbsp;hours each, unless the
arbitrator orders additional discovery;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(e)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The arbitrator shall be appointed in accordance with Rule&nbsp;12
of the above-referenced Rules of the American Arbitration
Association as in effect from time to time, except that if, for any
reason, an arbitrator cannot be selected by the process described in
Rule&nbsp;12, subparts (i)&nbsp;through (iii), the American Arbitration
Association shall submit the names of seven (7)&nbsp;additional
arbitrators from its Roster and the parties shall select the
arbitrator by alternately striking names with the party requesting
arbitration first striking; and</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(f)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Either party shall be entitled to an injunction or other
appropriate equitable relief to enforce the arbitration provisions
of this Agreement and FFBC shall be entitled to an injunction to
prevent any breach, pending arbitration, of the Confidentiality
Agreement described below in paragraph 8 or the Covenant Not to
Compete described below in paragraph 10.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
  <TR valign="top">
    <TD width="3%">&nbsp;</TD>
    <TD width="97%"><FONT size="2">It is the intention of the parties to avoid
      litigation in any court of all claims concerning this Agreement, or otherwise
      arising from your employment with FFBC, or its affiliate bank, and that
      all such claims will be subject to this arbitration agreement. Neither party
      shall commence or pursue any litigation on any claim that is or was the
      subject of arbitration under this Agreement. Each party agrees that this
      agreement to arbitrate and the arbitration award are enforceable under and
      subject to the Federal Arbitration Act, 9 U.S.C. &#167; I, <I>et seq</I>.
      (&#147;FAA&#148;). If the FAA is held not to apply for any reason and the
      law of the state in which you are employed recognizes the enforceability
      of this Agreement and the arbitration award, then this Agreement and the</FONT></TD>
  </TR>
</TABLE>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="left"><FONT size="2">Charles D. Lefferson<BR>
August&nbsp;4, 2000<BR>
Page 9
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">arbitration award are enforceable under the laws of the state in which
you are employed. Both parties consent that judgment upon the
arbitration award may be entered in any federal or state court that has
jurisdiction. The acceptance of any benefit under this Agreement shall
be deemed ratification of this agreement to arbitrate claims. In the
event you breach this Agreement by filing a lawsuit, at the time your
lawsuit is filed, you will return any
Special Severance Benefits paid to you and be subject to injunctive
relief enforcing this Agreement.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">8.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Confidentiality.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">You will not disclose to any person or use for the benefit of yourself or
any other person any confidential or proprietary information of FFBC
without the prior written consent of the Chief Executive Officer of FFBC.
Upon your termination of employment, you will return to FFBC all written
or electronically stored memoranda, notes, plans, customer lists,
records, reports or other documents of any kind or description (including
all copies in any form whatsoever) relating to the business of FFBC and
fully comply with any separate confidentiality agreement to which you and
FFBC are parties.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">9.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Conflicts of Interest.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">You agree for so long as you are employed by FFBC to avoid dealings and
situations that would create the potential for a conflict of interest
with FFBC. In this regard, you agree to comply with the FFBC policy
regarding conflicts of interest and all applicable state or federal
regulations concerning conflicts of interest applicable to commercial
bank or savings bank officers.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">10.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Covenant Not to Compete.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">During the term of your employment, and for a period of six (6)&nbsp;months
following the termination of your employment for any reason other than as
set forth in Section&nbsp;4(b), you agree not to be employed by, serve as
officer or director of, consultant to or advisor to any business that
engages either directly or indirectly in commercial banking, savings
banking or mortgage lending in the geographic area of Ohio, Indiana,
Michigan or Kentucky or which is reasonably likely to engage in such
businesses in the same geographic area during the six (6)&nbsp;month period
following your termination of employment.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">11.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Notice.</FONT></TD>
</TR>
</TABLE>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="left"><FONT size="2">Charles D. Lefferson<BR>
August&nbsp;4, 2000<BR>
Page 10
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Notices required or permitted under this Agreement shall be in writing
and shall be deemed to have been given when delivered or mailed by United
States certified mail, return receipt requested, postage prepaid, in a
properly addressed envelope. Notices to FFBC shall be addressed to the
Chief Executive Officer.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">12.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Modification; Waiver; Successors.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">No provision of this Agreement may be waived, modified or discharged
except pursuant to a written instrument signed by you and the Chief
Executive Officer of FFBC. This
Agreement is binding upon any successor to all or substantially all of
the business or assets of FFBC.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">13.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Validity; Counterparts.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">This Agreement shall be governed by and construed under the law of the
State of Ohio. The validity or unenforceability of any provision hereof
shall not affect the validity or enforceability of any other provision
hereof. This Agreement may be executed in one or more counterparts, each
of which shall be deemed to be an original but all of which together will
constitute one and the same instrument.</FONT></TD>
</TR>
</TABLE>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
    <TD width="44%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
<TD colspan="2">Sincerely yours,&nbsp;</TD>

</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
<TD colspan="2">FIRST FINANCIAL BANCORP&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
<TD>By:</TD>
    <TD align="left" valign="top"><FONT size="2">
&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
<TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR align="left" size="1" width="100%" noshade></TD>

</TR>


<TR valign="bottom">
    <TD valign="top"><FONT size="2">ACCEPTED AND AGREED TO
<BR>THIS &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DAY OF AUGUST, 2000.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
<TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
<TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>

</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2"><HR size="1" align="left" width="75%" noshade></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
<TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>

</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Charles D. Lefferson</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
<TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
<TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>

</TR>
</TABLE>
</CENTER>





</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>4
<FILENAME>l99690aexv10w6.htm
<DESCRIPTION>EXHIBIT 10.6
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 10.6 Agrmt Between C. T. Murrell/First Fin</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="right"><FONT size="2"><B>EXHIBIT 10.6</B></FONT>

<P align="left"><FONT size="2"><B>CONFIDENTIAL</B>
</FONT>

<P align="right"><FONT size="2">April&nbsp;30, 2001</FONT>

<P align="left"><FONT size="2">C. Thomas Murrell, III<BR>
10946 Allenhurst Blvd., East<BR>
Cincinnati, OH 45241
</FONT>

<P align="left"><FONT size="2">Dear Mr.&nbsp;Murrell:</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You are employed by First Financial Bancorp (&#147;FFBC&#148;) in a key executive
position. Continuity of the management of FFBC and its affiliate banks is a
critical factor in the continued success of FFBC. The Board of Directors of
FFBC believes it is in the best interest of FFBC to encourage the continued
effort and dedication of key members of management to their assigned duties.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In consideration of the mutual promises contained in this letter, FFBC
shall provide to you, and you shall receive from FFBC, the benefits set forth
in this letter (&#147;Agreement&#148;), if your employment with FFBC is terminated during
the term of this Agreement.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">1.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Purpose.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">This Agreement establishes certain basic terms and conditions relating to
your employment with FFBC, and special arrangements and dispute
resolution proceedings relating to the termination of your employment for
any reason other than: (i)&nbsp;your retirement; (ii)&nbsp;your becoming totally
and permanently disabled under the FFBC long-term disability plan or
policy; or (iii)&nbsp;your death. This Agreement supersedes all prior
agreements with FFBC and any of its affiliate banks or any predecessor
businesses, except the Confidentiality Agreement concurrently entered, or
previously entered, between you and FFBC, and the special severance
benefits provided under this Agreement are to be provided instead of any
other severance arrangements offered by FFBC. Notwithstanding the
foregoing, neither your termination of employment nor anything contained
in this Agreement shall have any adverse effect upon your rights under
any tax-qualified &#147;pension benefit plan,&#148; as such term is defined in the
Employee</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>




<P align="left"><FONT size="2">C. Thomas Murrell, III<BR>
April&nbsp;30, 2001<BR>
Page 2
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Retirement Income Security Act of 1974, as amended (&#147;ERISA&#148;); or under
any &#147;welfare benefit plan&#148; as defined in ERISA, including by way of
illustration and not limitation, any medical surgical or hospitalization
benefit coverage or long-term disability benefit coverage; or under any
non-qualified deferred compensation arrangement, including by way of
illustration and not limitation, any stock incentive plan or
non-qualified pension plan; or under the FFBC Performance Incentive Plan
for any completed plan year.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">2.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Employment.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">FFBC agrees that, during the term of this Agreement, you will be employed
with FFBC, in the position of Senior Vice President and Chief Lending
Officer or in a position that is comparable in compensation,
responsibility and stature and for which you are suited by education and
background and that:</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">you are, and will continue to be, eligible to participate in
any employee benefit plan of FFBC in accordance with its terms; and</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">you will be entitled to the same treatment under any
generally applicable employment policy or practice as any other
member of Executive Management Group whose position in the
organization is comparable to yours.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Those plans, policies and practices that generally apply to other members
of the Executive Management Group will be referred to in this Agreement
as your &#147;Employment Benefits.&#148; Your Employment Benefits may be modified
from time to time after the date hereof without violation of this
Agreement if the changes apply generally to other members of the
Executive Management Group.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">3.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Term of Agreement.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">This Agreement shall become effective on the date of this Agreement
(&#147;Commencement Date&#148;) and shall continue in effect through the earlier of
(i)&nbsp;the first anniversary of the Commencement Date; (ii)&nbsp;the date of your
retirement, death or total and permanent disability; or (iii)&nbsp;the
completion of full payment of all benefits promised hereunder. Absent
your death, total and permanent disability or retirement, this Agreement
shall be renewed for a one-(1) year term on the first anniversary of the
Commencement Date and a term of a minimum of two (2)&nbsp;years (with a
provision of severance pay of two (2)&nbsp;years) on the second anniversary of
the Commencement Date unless written notice to the contrary is given by
you or by FFBC at least six (6)&nbsp;months prior to the expiration of the
term, including any extension thereof.</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<P align="left"><FONT size="2">C. Thomas Murrell, III<BR>
April&nbsp;30, 2001<BR>
Page 3
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">4.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Termination of Employment.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Your employment may be terminated in accordance with any of the following
paragraphs:</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Involuntary Termination. FFBC may terminate your employment
without cause. Upon your date of termination without cause, you
shall be entitled to those benefits provided under Section&nbsp;5,
provided you give FFBC the release and covenant not to sue described
in Section&nbsp;5.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Involuntary Termination for Cause. FFBC may terminate your
employment for &#147;Cause&#148; with written notice setting forth the Cause
for termination. &#147;Cause&#148; means a willful engaging in gross
misconduct materially and demonstrably injurious to FFBC. &#147;Willful&#148;
means an act or omission in bad faith and without reasonable belief
that such act or omission was in, or not opposed to, the best
interests of FFBC. Upon your date of termination for Cause, you
shall only be entitled to those benefits provided under Section&nbsp;6.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(c)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Voluntary Termination. You may voluntarily terminate your
employment. In such an event, you shall only be entitled to those
benefits provided under Section&nbsp;6.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(d)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Voluntary Termination for Good Reason. You may terminate
your employment by notice setting forth a Good Reason for
termination if the notice is delivered to FFBC within thirty (30)
days following the occurrence of any &#147;Good Reason.&#148; &#147;Good Reason&#148;
means a (i)&nbsp;which is not comparable to your present position in
compensation, responsibility or status the duties of your position,
or the transfer to a new position, in violation of Section&nbsp;2; (ii)
substantial alteration in the nature or status of your
responsibilities in violation of Section&nbsp;2; (iii)&nbsp;reduction in your
base salary; (iv)&nbsp;refusal by FFBC, or its successor, to renew the
term of this Agreement for any reason, prior to your reaching your
normal retirement date under the FFBC Pension Benefit Plan; or (v)
changes in your Employment Benefits in violation of Section&nbsp;2. Upon
the date of your voluntary termination for Good Reason, you shall be
entitled to those benefits provided under Section&nbsp;5, provided you
give FFBC the release and covenant not to sue described in Section
5.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">5.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Special Severance Benefits.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">If your employment with FFBC is involuntarily terminated in accordance
with Section&nbsp;4(a) or you voluntarily terminate your employment for Good
Reason in accordance with Section&nbsp;4(d) and you provide FFBC with a
separate, written release and covenant not to sue (on a form provided by
and satisfactory to FFBC) which releases FFBC from all claims arising
from your employment and termination of your employment, and you do</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<P align="left"><FONT size="2">C. Thomas Murrell, III<BR>
April&nbsp;30, 2001<BR>
Page 4
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">not revoke this release and covenant not to sue, then you shall receive
the following benefits, less any applicable withholding required for
federal, state or local taxes:</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">your base salary shall be continued in effect for a period of
twelve (12)&nbsp;months from your date of termination (hereinafter called
your &#147;Severance Pay Period&#148;);</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">if, prior to your date of termination, you have participated
in the FFBC Performance Incentive Plan for a complete calendar year,
you will receive an incentive compensation payment within thirty
(30)&nbsp;days of your date of termination in one lump-sum in an amount
equal to 1.0 times the percentage of the incentive payment made or
required to be made for the calendar year pursuant to the
Performance Incentive Plan immediately preceding the calendar year
in which your date of termination occurs;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(c)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">your Employment Benefits shall be continued during your
Severance Pay Period, subject to the right of FFBC to make any
changes to your Employment Benefits permitted in accordance with
Section&nbsp;2; provided, however, that you shall not:</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR valign="top">
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(i)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="89%"><FONT size="2">accumulate vacation pay for periods after your
last day of active employment;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(ii)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="89%"><FONT size="2">first qualify for long-term disability benefits
or sickness and accident plan benefits by reason of an
illness, accident or disability occurring, or a sickness or
illness first manifesting itself, after your last day of
active employment;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(iii)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="89%"><FONT size="2">be eligible to continue to make contributions to
any Internal Revenue Code &#167; 401(k) plan maintained by FFBC or
qualify for a share of any employer contribution made to any
tax-qualified defined contribution plan;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(iv)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="89%"><FONT size="2">be eligible to accumulate service for pension
plan purposes; or</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(v)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="89%"><FONT size="2">retain possession of any motor vehicle provided
to you by FFBC.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(d)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">you shall qualify for full COBRA health benefit continuation
coverage upon the expiration of your Severance Pay Period;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(e)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">you shall be entitled to full executive outplacement
assistance with an agency selected by FFBC with the fee paid by FFBC
in an amount not to exceed five percent (5%) of your annual base
salary.</FONT></TD>
</TR>
</TABLE>
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<P align="left"><FONT size="2">C. Thomas Murrell, III<BR>
April&nbsp;30, 2001<BR>
Page 5
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The release and covenant not to sue which you agree to provide prior to
the receipt of special severance benefits under this Section&nbsp;5 of this
Agreement shall comply with the requirements of the Older Workers Benefit
Protection Act and applicable state and federal laws and regulations. If
you do not provide FFBC with such a written release and covenant not to
sue, any claims concerning this Agreement or otherwise arising from your
employment with FFBC, or its affiliate banks, shall be subject to final
and binding arbitration as described in Section&nbsp;7.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">6.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Benefits Upon Voluntary Termination or Termination for Cause.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Upon your date of termination for Cause in accordance with Section&nbsp;4(b)
or your Voluntary date of termination in accordance with Section&nbsp;4(c),
all special severance benefits under this Agreement will be void. In
such an event, you shall be eligible for any benefits provided in
accordance with the plans and practices of FFBC that are applicable to
employees generally.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">7.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Arbitration.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Any dispute under this Agreement, and any claims of wrongful or
discriminatory termination based on any state or federal statute, tort,
public policy, contract or promissory estoppel theory, including any
dispute as to the cause or reason for termination, shall be submitted to
final and binding arbitration, subject to the National Rules for the
Resolution of Employment Disputes of the American Arbitration
Association, effective June&nbsp;1, 1997, as amended from time to time, except
as hereinafter provided:</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">FFBC shall pay the arbitrator&#146;s fee and a court reporter&#146;s
attendance fee;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Each party shall bear the cost of its own attorney&#146;s fees.
However, if you prevail in a challenge to FFBC&#146;s determination as to
cause for your termination or if you prevail on any claim that you
were discriminated against in violation of any federal law or
statute, you shall be reimbursed by FFBC for the filing fee and any
reasonable costs or expenses incurred in such a challenge, including
reasonable attorney&#146;s fees;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(c)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The arbitration hearing shall be held in Hamilton, Ohio,
unless the parties mutually agree to another location;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(d)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Each party shall exchange documents to be utilized as
exhibits in the arbitration hearing and each party shall be limited
to two (2)&nbsp;pre-hearing depositions of two (2)&nbsp;hours each, unless the
arbitrator orders additional discovery;</FONT></TD>
</TR>
</TABLE>
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<P align="left"><FONT size="2">C. Thomas Murrell, III<BR>
April&nbsp;30, 2001<BR>
Page 6
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(e)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The arbitrator shall be appointed in accordance with Rule&nbsp;12
of the above-referenced Rules of the American Arbitration
Association as in effect from time to time, except that if, for any
reason, an arbitrator cannot be selected by the process described in
Rule&nbsp;12, subparts (i)&nbsp;through (iii), the American Arbitration
Association shall submit the names of seven (7)&nbsp;additional
arbitrators from its Roster and the parties shall select the
arbitrator by alternately striking names with the party requesting
arbitration first striking; and</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(f)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Either party shall be entitled to an injunction or other
appropriate equitable relief to enforce the arbitration provisions
of this Agreement and FFBC shall be entitled to an injunction to
prevent any breach, pending arbitration, of the Confidentiality
Agreement described below in paragraph 8 or the Covenant Not to
Compete described below in paragraph 10.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">It is the intention of the parties to avoid litigation in any court of
all claims concerning this Agreement, or otherwise arising from your
employment with FFBC, and that all such claims will be subject to this
arbitration agreement. Neither party shall commence or pursue any
litigation on any claim that is or was the subject of arbitration under
this Agreement. Each party agrees that this agreement to arbitrate and
the arbitration award are enforceable under and subject to the Federal
Arbitration Act, 9 U.S.C. &#167; I, <I>et seq</I>. (&#147;FAA&#148;). If the FAA is held not
to apply for any reason and the law of the state in which you are
employed recognizes the enforceability of this Agreement and the
arbitration award, then this Agreement and the arbitration award are
enforceable under the laws of the state in which you are employed. Both
parties consent that judgment upon the arbitration award may be entered
in any federal or state court that has jurisdiction. The acceptance of
any benefit under this Agreement shall be deemed ratification of this
agreement to arbitrate claims. In the event you breach this Agreement by
filing a lawsuit, at the time your lawsuit is filed, you will return any
Special Severance Benefits paid to you and be subject to injunctive
relief enforcing this Agreement.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">8.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Confidentiality.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">You will not disclose to any person or use for the benefit of yourself or
any other person any confidential or proprietary information of FFBC
without the prior written consent of the Chief Executive Officer of FFBC.
Upon your termination of employment, you will return to FFBC all written
or electronically stored memoranda, notes, plans, customer lists,
records, reports or other documents of any kind or description (including
all copies in any form whatsoever) relating to the business of FFBC and
fully comply with any separate confidentiality agreement to which you and
FFBC are parties.</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<P align="left"><FONT size="2">C. Thomas Murrell, III<BR>
April&nbsp;30, 2001<BR>
Page 7
</FONT>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">9.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Conflicts of Interest.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>


<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">You agree for so long as you are employed by FFBC to avoid dealings and
situations that would create the potential for a conflict of interest
with FFBC. In this regard, you agree to comply with the FFBC policy
regarding conflicts of interest and all applicable state or federal
regulations concerning conflicts of interest applicable to commercial
bank or savings bank officers.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">10.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Covenant Not to Compete.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">During the term of your employment, and for a period of six (6)&nbsp;months
following the termination of your employment for any reason other than as
set forth in Section&nbsp;4(b), you agree not to be employed by, serve as
officer or director of, consultant to or advisor to any business that
engages either directly or indirectly in commercial banking, savings
banking or mortgage lending in the geographic area of Ohio, Indiana,
Michigan or Kentucky or which is reasonably likely to engage in such
businesses in the same geographic area during the six (6)&nbsp;month period
following your termination of employment.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">11.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Notice.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Notices required or permitted under this Agreement shall be in writing
and shall be deemed to have been given when delivered or mailed by United
States certified mail, return receipt requested, postage prepaid, in a
properly addressed envelope. Notices to FFBC shall be addressed to the
Chief Executive Officer.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">12.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Modification; Waiver; Successors.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">No provision of this Agreement may be waived, modified or discharged
except pursuant to a written instrument signed by you and the Chief
Executive Officer of FFBC. This Agreement is binding upon any successor
to all or substantially all of the business or assets of FFBC.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">13.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Validity; Counterparts.</FONT></TD>
</TR>
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    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
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    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">This Agreement shall be governed by and construed under the law of the
State of Ohio. The validity or unenforceability of any provision hereof
shall not affect the validity or</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<P align="left"><FONT size="2">C. Thomas Murrell, III<BR>
April&nbsp;30, 2001<BR>
Page 8
</FONT>

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    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">enforceability of any other provision hereof. This Agreement may be
executed in one or more counterparts, each of which shall be deemed to be
an original but all of which together will constitute one and the same
instrument.</FONT></TD>
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Sincerely yours,</FONT></TD>

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FIRST FINANCIAL BANCORP</FONT></TD>

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By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD>&nbsp;</TD>

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<TR valign="bottom">
    <TD valign="top"><FONT size="2">ACCEPTED AND AGREED TO
<BR>THIS &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DAY OF APRIL, 2001.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
<TD>&nbsp;</TD>
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    <TD valign="top"><FONT size="2">C. Thomas Murrell, III</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
<TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
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<DOCUMENT>
<TYPE>EX-10.11
<SEQUENCE>5
<FILENAME>l99690aexv10w11.htm
<DESCRIPTION>EXHIBIT 10.11
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 10.11 Form/Executive Supplement Ret Agrmt</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<P align="right"><FONT size="2"><B>EXHIBIT 10.11</B></FONT>

<P align="center"><FONT size="2"><B>EXECUTIVE SUPPLEMENTAL RETIREMENT AGREEMENT</B>
</FONT>

<P align="left"><FONT size="2">THIS AGREEMENT, made and entered into this &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;day of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 200&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
by and between First Financial Bancorp, an Ohio Corporation (hereinafter called
the &#147;BHC&#148;), and &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(hereinafter called the
&#147;Executive&#148;).
</FONT>
<P align="center"><FONT size="2"><B>WITNESSETH:</B>
</FONT>

<P align="left"><FONT size="2">WHEREAS, the Executive has been and continues to be a valued employee of the
BHC and its subsidiaries, and is now serving the BHC and its subsidiaries as
its &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;;
</FONT>
<P align="left"><FONT size="2">WHEREAS, the Executive&#146;s services to the BHC and its subsidiaries in the past
have been of merit and have constituted a valuable contribution to the
operations of the BHC and its subsidiaries;
</FONT>
<P align="left"><FONT size="2">WHEREAS, certain tax rules limit the benefit the Executive will receive from
the First Financial Bancorp Employee&#146;s Pension Plan and Trust as amended from
time to time (the &#147;Pension Plan&#148;) and the BHC desires to supplement this
limited retirement benefit;
</FONT>
<P align="left"><FONT size="2">WHEREAS, it is the desire of the BHC and the Executive to enter into this
Agreement under which the BHC will agree to make certain payments to the
Executive or his beneficiary as provided herein; and
</FONT>
<P align="left"><FONT size="2">WHEREAS, it is the intent of the parties hereto that this Agreement be
considered an unfunded arrangement maintained primarily to provide supplemental
benefits for the Executive, as a member of a select group of management or
highly compensated employees of the BHC and its subsidiaries for the purposes
of the Employee Retirement Income Security Act of 1974 (ERISA):
</FONT>
<P align="left"><FONT size="2">NOW, THEREFORE, in consideration of services performed in the past and to be
performed in the future as well as of the mutual promises and covenants herein
contained it is agreed as follows:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>1.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>IN GENERAL.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">&#091;This Agreement entirely amends, restates, and supersedes a prior agreement
titled Executive Supplemental Retirement Agreement dated as of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
between the parties.&#093; The supplemental retirement benefits provided by this
Agreement are granted by the BHC as a benefit to the Executive and are not part
of any salary reduction plan or an arrangement deferring a bonus or a salary
increase. The Executive has no option to take any current payment or bonus in
lieu of these supplemental retirement benefits.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>2.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>SUPPLEMENTAL BENEFIT.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">If the Executive receives or begins to receive benefits under the Pension Plan
due to his or her normal retirement, early retirement, late retirement,
disability retirement, or deferred vested retirement (as those terms or their
equivalents are defined in the Pension Plan from time to time), the BHC shall
pay to the Executive a supplemental benefit (the &#147;Supplemental Benefit&#148;)
determined according to the terms of this Agreement. The amount of the
Supplemental Benefit shall be equal to the difference between: (i)&nbsp;the lump
sum or periodic benefit the Executive actually receives from the Pension Plan,
and (ii)&nbsp;the lump
</FONT>
<P align="center"><FONT size="2">1</FONT>
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<P align="left"><FONT size="2">sum or periodic benefit the Executive would receive from the Pension Plan, if
payable in the same form and commencing at the same time, but calculated
without regard to the limits then imposed under section 401(a)(17) of the
Internal Revenue Code (the &#147;Code&#148;) on the amount of compensation taken into
account under the Pension Plan or under section 415 of the Code on the amount
of the benefit under the Pension Plan (collectively referred to as the &#147;Code
Limits&#148;). The amount of the Supplemental Benefit will be determined by an
actuary selected by the BHC in its sole discretion. Payment of the
Supplemental Benefit shall be made or commence at the same time and be payable
in the same form and for the same term as the Executive&#146;s Pension Plan benefit.
No Supplemental Benefits shall be payable to the Executive under this
Agreement if the Executive is not eligible to receive such normal, early, late,
disability, or deferred vested benefits under the Pension Plan.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>3.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>ADJUSTMENTS AFTER BENEFIT COMMENCEMENT.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">If the Executive is receiving monthly benefits under the Pension Plan and the
amount of those monthly benefits is increased during the Executive&#146;s life after
the monthly benefits commence and due to changes in the Pension Plan, the
amount of the monthly Supplemental Benefit will be redetermined and increased
accordingly, beginning with the payment under this Agreement for the same
period to which the increase under the Pension Plan applies. However, no
adjustment shall be made for changes in the Code Limits that occur after
Supplemental Benefits under this Agreement are paid or commence to be paid.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>4.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>DEATH BENEFIT IF DEATH OCCURS AFTER BENEFIT COMMENCEMENT.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">If the Executive dies after beginning to receive payments from the Pension Plan
and Supplemental Benefits under this Agreement, the BHC shall pay to the
Executive&#146;s beneficiary as a Supplemental Benefit the amount, if any, which is
applicable under the form and term of benefit elected by the Executive under
the Pension Plan before his or her death.
</FONT>
<P align="left"><FONT size="2">As examples, if the Executive received a lump sum payment of his or her entire
benefit from the Pension Plan and under this Agreement, or was receiving
payments under the Pension Plan and this Agreement before his death in the form
of a single life annuity, there shall be no Supplemental Payments under this
Agreement after the Executive&#146;s death.
</FONT>
<P align="left"><FONT size="2">As a further example, if the Executive was receiving Pension Plan payments
before his death in the form of a joint and 50% survivor life annuity, then
Supplemental Payments under this Agreement to the Executive&#146;s beneficiary after
the Executive&#146;s death shall be 50% of the amount of the payments which were
made to the Executive before his or her death and shall be made for the life of
the beneficiary and end with the beneficiary&#146;s death.
</FONT>
<P align="left"><FONT size="2">As an additional example, if the Executive was receiving payments under the
Pension Plan and this Agreement before his death in the form of an annuity with
a term certain, and the Executive dies before the end of the term certain,
Supplemental Payments under this Agreement to the Executive&#146;s beneficiary after
the Executive&#146;s death shall be the same amount of the payments which were made
to the Executive before his or her death and shall continue for the remaining
period of the term certain and end when such term ends.
</FONT>
<P align="left"><FONT size="2">For purposes of Sections&nbsp;4 and 5 of this Agreement, the Executive&#146;s beneficiary
shall be the same person or persons as the Executive&#146;s beneficiary determined
under the Pension Plan.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>5.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>DEATH BENEFIT IF DEATH OCCURS PRIOR TO BENEFIT COMMENCEMENT.</B></FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">2</FONT>
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<P align="left"><FONT size="2">If the Executive dies before he or she begins to receive any payments from the
Pension Plan and this Agreement but when the Executive&#146;s beneficiary is
entitled to a death benefit under the Pension Plan, the BHC shall pay under
this Agreement to the Executive&#146;s beneficiary a Supplemental Benefit equal to
the difference between (i)&nbsp;the death benefit the Executive&#146;s beneficiary
actually receives from the Pension Plan and (ii)&nbsp;the death benefit the
Executive&#146;s beneficiary would receive from the Pension Plan calculated without
regard to the Code Limits. Such benefit shall commence at the same time and be
payable in the same form and for the same term as the beneficiary&#146;s death
benefit under the Pension Plan.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>6.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>BENEFIT ACCOUNTING.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">The BHC shall account for Supplemental Benefits under this Agreement using the
regulatory accounting principles of the BHC&#146;s primary federal regulator. The
BHC shall establish an accrued liability retirement account for the Executive
into which appropriate reserves shall be accrued in the amount determined by
the BHC&#146;s certified public accounting firm.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>7.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>PARTICIPATION IN OTHER PLANS.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">The benefits provided hereunder shall be in addition to Executive&#146;s annual
salary as determined by the Board of Directors, and shall not affect the right
of the Executive to participate in any current or future bank retirement plan,
group insurance, bonus, or in any supplemental compensation arrangement which
constitutes a part of the regular compensation structure of the BHC or its
subsidiaries. Any Supplemental Benefits payable under this Agreement shall not
be deemed salary or other compensation to the Executive for the purpose of
computing benefits to which he or she may be entitled under any pension plan or
other employee benefit plan of the BHC or its subsidiaries.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>8.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>NO ASSIGNMENT OR ALIENATION.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">The Executive, the Executive&#146;s spouse, and any other designee, assignee, or
successor of the Executive, shall not have any right to commute, sell, assign,
transfer, anticipate, alienate, or otherwise convey the right to receive any
payments hereunder, which payments and the right thereto are expressly declared
to be non-assignable and non-transferable. In the event of any attempted
assignment, transfer, or other action listed in the prior sentence, the BHC
shall have no further liability to any person under this Agreement.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>9.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>NO FUNDING OBLIGATION.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">The BHC shall have no obligation to set aside, earmark, or entrust any fund or
money with which to pay its obligations under this Agreement. The BHC reserves
the absolute right at its sole discretion to either segregate assets to meet
the obligations undertaken by this Agreement or to refrain from segregating
such assets.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>10.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>GENERAL ASSETS OF THE BHC.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">The rights of the Executive under this Agreement and of any beneficiary of the
Executive shall be solely those of an unsecured creditor of the BHC. If the
BHC shall acquire an insurance policy or any other asset in connection with the
liabilities assumed by it hereunder, it is expressly understood and agreed that
neither the Executive nor any beneficiary of the Executive shall have any right
with respect to, or claim against, such policy or other asset. Such policy or
asset shall not be deemed to be held under any trust for the benefit of the
Executive or his or her beneficiaries or to be held in any way as collateral
security for the fulfilling of the obligations of the BHC under this Agreement.
It shall be, and remain, a general,
</FONT>
<P align="center"><FONT size="2">3</FONT>
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<P align="left"><FONT size="2">unpledged, unrestricted asset of the BHC, and the Executive and his or her
beneficiaries shall not have a greater claim to the insurance policy or other
assets or any interest in either of them, than any other general creditor of
the BHC. Nothing in this Agreement shall be deemed to create any fiduciary
relationship.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>11.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>BINDING EFFECT.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">This Agreement shall be binding upon and inure to the benefit of the BHC, its
affiliates, successors, and assigns, and the Employee, and his or her heirs,
executors, administrators, and legal representatives. The BHC will not merge
or consolidate with any other company or organization, or permit its business
activities to be taken over by any other organization, unless the entity
expressly acknowledges its obligations under this Agreement and agrees to abide
by its terms.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>12.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>AMENDMENT.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">The BHC Board of Directors or its delegate shall have the right to amend or
modify the Agreement at any time in any manner whatsoever, in whole or in part;
provided, however, that no amendment will directly or indirectly operate to
reduce the benefit that has been earned by the Executive (or, in the case of a
deceased Executive, his or her beneficiary) at the time the amendment is
adopted, unless the Executive or beneficiary, as applicable, consents in
writing to such amendment.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>13.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>TERMINATION.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">Continuance of the Agreement is completely voluntary and is not assumed as a
contractual obligation of the BHC. The BHC, by written resolution of the Board
of Directors, will have the right to terminate the Agreement at any time;
provided, however, that the termination will not directly or indirectly operate
to reduce the benefit that has been earned by the Executive (or, in the case of
a deceased Executive, his or her beneficiary) at the time the termination is
approved.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>14.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>NOT A CONTRACT OF EMPLOYMENT.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">This Agreement shall not be deemed to constitute a contract of employment
between the parties hereto, nor shall any provision hereof restrict the right
of the BHC and its subsidiaries to discharge the Executive or change the terms
and conditions of his or her employment, or restrict the right of the Executive
to terminate his or her employment.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>15.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>TAXATION.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">The BHC does not represent or guarantee that any particular federal or state
income or other tax consequence will result from participation in this
Agreement. The Executive agrees that he or she will consult professional tax
advisors if he or she desires information about the tax consequences of his or
her participation. If the BHC is required to withhold amounts under applicable
federal, state, or local tax laws, rules, or regulations with respect to
Supplemental Benefits under this Agreement, the BHC shall be entitled to deduct
and withhold such amounts from any cash payment made pursuant to this
Agreement, and if such amounts are not adequate for the required withholding
amount, from any other compensation due from the BHC or its affiliates to the
Executive or the Executive&#146;s beneficiary.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>16.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>PAYMENTS TO REPRESENTATIVES.</B></FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">4</FONT>
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<P align="left"><FONT size="2">If the Executive or the Executive&#146;s beneficiary entitled to receive any benefit
hereunder is determined by the Administrator or is adjudged to be legally
incapable of giving valid receipt for such benefit, the benefit will be paid to
a duly appointed and acting conservator or guardian or other legal
representative of the Executive or beneficiary, if any, and if no such
conservator, guardian, or legal representative is appointed and acting, to such
person or persons as the Administrator may designate. Such payments will, to
the extent made, be deemed a complete discharge for such payments under this
Agreement.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>17.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>HEADINGS.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">Headings and subheadings of this Agreement are inserted for reference and
convenience only and shall not be deemed a part of this Agreement.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>18.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>APPLICABLE LAW.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">The validity and interpretation of this Agreement shall be governed by the laws
of the State of Ohio.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>19.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>EFFECTIVE DATE AND TERM.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">The effective date of this agreement shall be effective as of the date first
set forth herein. This Agreement shall remain in effect until all benefits due
hereunder have been paid, or until terminated by mutual consent of the parties.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>20.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>ADMINISTRATION AND CLAIMS PROCEDURE.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">The Administrator of this plan shall be a committee consisting of members of
the BHC&#146;s Board of Directors, as determined by such Board. The Administrator
shall have full discretion and authority to interpret and construe each and all
provisions of the Agreement, determine the eligibility of any person for
benefits hereunder, make factual determinations, correct defects, supply
omissions, and reconcile inconsistencies hereunder, and the interpretation of
the Administrator shall be binding on all interested parties. The committee
may delegate to others some or all of its authority and responsibility as
Administrator, and may employ and rely on such legal counsel, actuaries,
accountants, and agents as it may deem advisable to assist in the
administration of the Agreement.
</FONT>
<P align="left"><FONT size="2">The Administrator will advise each Executive and beneficiary of any benefit to
which he or she is entitled under the Agreement. If any person believes that
the Administrator has failed to advise him or her of any benefit to which he or
she is entitled or to pay him or her any benefit then due under the Agreement,
he or she may file a written claim with the Administrator. The Administrator
shall review the written claim and if the claim is denied, in whole or in part,
shall provide in writing within sixty days of receipt of such claim the
specific reasons for such denial, reference to the provisions of this Agreement
upon which the denial is based and notice of any additional material or
information necessary to perfect the claim. Such written notice shall indicate
the steps to be taken by claimants if an appeal of the claim denial is desired.
A claim shall be deemed denied if the Administrator fails to take any action
within the aforesaid sixty-day period.
</FONT>
<P align="left"><FONT size="2">If claimants desire to appeal, they must file such appeal with the
Administrator in writing within sixty days of the claim denial. In connection
with an appeal, claimants may review this Agreement or any documents relating
thereto and submit any written issues and comments they may feel appropriate.
In its sole discretion, the Administrator shall then review the appeal and
provide a written decision within sixty days of receipt of such appeal. This
decision shall state the specific reasons for the decision and shall include
reference to specific provisions of this Agreement upon which the decision is
based.
</FONT>
<P align="center"><FONT size="2">5</FONT>
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<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>21.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>INDEMNIFICATION.</B></FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">To the maximum extent permitted by law, the Administrator, and each person
serving as a member of the committee which is the Administrator, will not be
held liable by reason of any contract or other instrument executed by the
Administrator or on the Administrator&#146;s behalf, nor for any determination
hereunder made or action taken or not taken in good faith. The Administrator,
each member of the committee, and each other person to whom any duty or power
with respect to the Agreement may be delegated will be indemnified and held
harmless by the BHC against any claims, damages, and other liabilities,
including without limitation all expenses (including attorneys&#146; fees and
costs), judgments, fines, and amounts paid in settlement and actually and
reasonably incurred by him or her in connection with any action, suit, or
proceeding arising out of the Administrator&#146;s responsibilities with respect to
the Agreement, provided, however, that this indemnification will not apply if
the individual concerned did not act in good faith and in the manner he or she
reasonably believed to be in (or not opposed to) the best interest of the BHC,
or, with respect to any criminal action or proceeding, had reasonable cause to
believe his or her conduct was unlawful. This indemnification provision is in
addition to any other indemnification provisions which may apply and shall not
reduce any rights under such other provisions.
</FONT>
<P align="left"><FONT size="2">IN WITNESS WHEREOF, the BHC has caused this Agreement to be signed in its
corporate name by its duly authorized officer, and Executive has hereunto set
his or her hand, all effective as of the day and year first above written.
</FONT>
<CENTER>
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    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>
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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" colspan="2"><FONT size="2">
FIRST FINANCIAL BANCORP</FONT></TD>
</TR>

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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
By:&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"> &nbsp; </FONT></TD>
 <TD align="left" valign="top"><HR size="1" width="80%" noshade></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

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    <TD align="left" valign="top"><HR size="1" width="80%" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">
Title:&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="top">
    <TD valign="top"><FONT size="2">Witness</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"> &nbsp; </FONT></TD>
    <TD align="left"><FONT size="2"><HR size="1" width="80%" noshade></FONT></TD>
</TR>

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    <TD width="24%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="56%">&nbsp;</TD>
</TR>

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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>


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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
EXECUTIVE:</FONT></TD>
</TR>
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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
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    <TD valign="top"><HR align="left" width="80%" size="1" noshade>
</TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" colspan="2">
<HR align="left" size="1" width="80%" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Witness</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>


</TABLE>
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<P align="center"><FONT size="2">6</FONT>



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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.12
<SEQUENCE>6
<FILENAME>l99690aexv10w12.htm
<DESCRIPTION>EXHIBIT 10.12
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 10.12 Form/Endorsmt Method Split Dollar Ag</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<P align="right"><FONT size="2"><B>EXHIBIT 10.12</B></FONT>

<P align="center"><FONT size="2"><B>ENDORSEMENT METHOD SPLIT DOLLAR AGREEMENT</B>
</FONT>

<P align="left"><FONT size="2">THIS AGREEMENT (the &#147;Agreement&#148;) is made as of this&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;day of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
by and between the following parties:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(the &#147;Bank&#148;) and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(the &#147;Executive&#148;).
</FONT>
<P align="left"><FONT size="2">This Agreement between the Bank and the Executive sets forth the terms under
which the Bank will purchase and own a life insurance policy (the &#147;Policy&#148;)
insuring the life of the Executive, and the death proceeds of the Policy will
be divided between the Bank and the beneficiary designated by the Executive.
This Agreement is made in consideration of the mutual promises contained herein
and other good and valuable consideration, the receipt and adequacy of which
hereby are acknowledged.
</FONT>
<P align="left"><FONT size="2">This Agreement amends, restates, and completely replaces a prior agreement
concerning a split dollar life insurance policy between the Bank and the
Executive executed as of .
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>I.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>POLICY TITLE AND OWNERSHIP</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The Bank has applied for one or more life insurance policies, hereinafter
collectively referred to as the &#147;Policy,&#148; insuring the life of the
Executive. Schedule&nbsp;A, which is attached hereto and incorporated herein
by reference as if fully rewritten, provides the following information
with regard to the Policy: the issuer thereof (the &#147;Insurer&#148;), the death
benefit amount, the policy number, and such other information as therein
set forth. The Bank and the Executive agree to take all necessary action
to cause the Insurer to issue the Policy and to cause the Policy to
conform to the provisions of this Agreement. The Bank and the Executive
further agree that the Policy shall be subject to the terms and
conditions of this Agreement. If the Bank and the Executive mutually
agree to increase the coverage under the Policy, the rights, duties, and
benefits of the parties to such increased coverage shall continue to be
subject to the terms of this Agreement.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The Bank shall be the sole and absolute owner of and shall possess all
incidents of ownership in the Policy and may exercise all ownership
rights granted to the owner thereof by the terms of the Policy except as
may be otherwise provided in this Agreement.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The Bank alone may, to the extent of its interest, exercise the right to
borrow from or withdraw the Policy cash values. The amount of such loans
and withdrawals and any unpaid interest thereon shall at no time exceed
the Part One Share of the Bank as defined in Section&nbsp;VI of this
Agreement. The interest due on any such Policy loans shall be a debt of
the Bank owed to the Insurer.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">This Agreement is effective as to a Policy upon execution of this
Agreement or upon issuance of such Policy, whichever is later. The Bank
shall be responsible for safeguarding the Policy.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>II.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>BENEFICIARY DESIGNATION RIGHTS</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The Executive shall have the right and power to instruct the Bank from
time to time to designate a beneficiary or beneficiaries (collectively
referred to herein as the &#147;Executive&#146;s Beneficiary&#148;) to receive the Part
Two Share of the proceeds payable under this Agreement upon the death of
the Executive, and to elect a payment option for such Executive&#146;s
Beneficiary, subject to any right or</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">1</FONT>
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<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">interest the Bank may have in such proceeds, as provided in this
Agreement. The Bank agrees to designate the Executive&#146;s Beneficiary for
the Part Two Share in such Policy in accordance with the written
direction of the Executive. The parties to this Agreement shall execute
and forward promptly and without unreasonable delay, changes in
beneficiary designation forms and documents, including the Policy, as
required by the Insurer, to effectuate the exercise of any rights of the
parties hereto. If the Executive does not designate a Beneficiary or if
no Beneficiary survives the Executive, the Executive&#146;s Beneficiary shall
be his or her estate.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>III.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>PREMIUM PAYMENT METHOD</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The Bank shall pay amounts equal to the planned premiums and any other
premium payments that might become necessary to keep the Policy in force.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>IV.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>USE OF DIVIDENDS</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Dividends declared on the Policy shall be applied as the Bank elects on the Policy application.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>V.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>TAXABLE BENEFIT</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The Executive will receive an annual taxable benefit equal to the assumed
cost of insurance to the extent required by the Internal Revenue Service.
The Bank will cause the amount of imputed income received annually to be
reported to the Executive on Form&nbsp;W-2 or its equivalent.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>VI.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>DIVISION OF DEATH PROCEEDS</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Upon the death of the Executive, the Bank shall cooperate with the
Executive&#146;s Beneficiary to take whatever action is necessary to collect
the death benefit provided under the Policy. Subject to Section&nbsp;VII of
this Agreement, the death proceeds of the Policy shall be divided as
follows and paid in the following order to the extent that such proceeds
permit. All payments of proceeds under the Part One Share and the Part
Three Share will be reduced by outstanding policy loans or withdrawals
made to or by the Bank. When such death benefit has been collected and
paid as provided herein, this Agreement shall thereupon terminate.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">A.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Part One Share. First the Bank shall be entitled to an
amount known herein as the &#147;Part One Share&#148; which is equal to the
premiums which the Bank has paid for the Policy.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">B.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Part Two Share. Second, the Executive&#146;s Beneficiary shall be
entitled to an amount known herein as the &#147;Part Two Share&#148; which is
equal to the following:</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="11%" align="right" nowrap><FONT size="2">(i)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="86%"><FONT size="2">If the Executive is employed by the Bank or an
Affiliated Employer at the time of his or her death, the Part
Two Share shall be equal to three (3)&nbsp;times the Executive&#146;s
base salary in effect at the time of his or her death. For
purposes of this Agreement, &#147;Affiliated Employer&#148; means First
Financial Bancorp and any employer which is a direct or
indirect subsidiary of First Financial Bancorp, but only
during the period it is such a subsidiary.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="right" nowrap><FONT size="2">(ii)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">If the Executive is not employed by the Bank or
an Affiliated Employer at the time of his or her death, and
if, when the Executive&#146;s employment with the Bank and all
Affiliated Employers terminated, the Executive: (a)&nbsp;was then
eligible to receive an immediate retirement benefit under the
Early Retirement, Normal Retirement, Late Retirement, or
Disability Retirement provisions of the First</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">2</FONT>
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<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="11%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="86%"><FONT size="2">Financial Bancorp Employees&#146; Pension Plan and Trust as in
effect from time to time, and (b)&nbsp;had been employed by First
Financial Bancorp and/or an Affiliated Employer for at least
five years, the Part Two Share shall be equal to three (3)
times the Executive&#146;s base salary at the time of his or her
termination of employment. For purposes of clause (b)&nbsp;of
this subparagraph, employment with an Affiliated Employer
other than First Financial Bancorp (or the successor or
predecessor of that Affiliated Employer) during any period
during which that employer is not a subsidiary or affiliate
of First Financial Bancorp shall be disregarded.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="11%" align="right" nowrap><FONT size="2">(iii)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="86%"><FONT size="2">For purposes of this Agreement, an Executive&#146;s
base salary shall be his or her base annual rate of
compensation not including fringe benefits, bonuses, incentive
compensation, severance pay, contributions to or benefits paid
under qualified or nonqualified retirement or deferred
compensation plans, stock options, expense reimbursements, or
other forms of special compensation. Notwithstanding the
prior sentence, the Executive&#146;s base salary shall include any
pre-tax elective deferral contributions made at the
Executive&#146;s election under a cash or deferred arrangement that
is qualified under section 401(k) of the Internal Revenue Code
and any elective contributions made by the Executive under a
Code section 125 cafeteria plan or flexible spending
arrangement.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">C.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Part Three Share. Third, the Bank shall be entitled to an
amount known herein as the &#147;Part Three Share&#148; which is equal to the
remainder of the proceeds.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">D.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">If there is interest due on the death benefit proceeds, the
Bank and the Executive&#146;s Beneficiary shall share in such interest in
proportion to the amount each party receives from the death
proceeds.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>VII.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>OTHER DISPOSITION OF THE POLICY</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Subject to the Executive&#146;s option to purchase an assignment of the Policy
under Section&nbsp;IX below, if this Agreement terminates for any reason
(except due to the death of the Executive if such death entitles the
Executive&#146;s Beneficiary to a Part Two Share under Section&nbsp;VI hereof), the
Bank may surrender or cancel the Policy for its cash surrender value and
retain all such value, or the Bank may change the beneficiary designation
provisions of the Policy, naming itself or any other person or entity as
beneficiary thereof, or exercise any other ownership rights in and to the
Policy, without regard to the provisions of this Agreement. Thereafter,
neither the Executive nor any person claiming for or through him or her
shall have any further interest in and to the Policy, either under the
terms thereof or this Agreement.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>VIII.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>PREMIUM WAIVER</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">If the Policy contains a premium waiver provision and such waiver becomes
operative, such waived premium amounts shall be considered for all
purposes of this Agreement as having been paid by the Bank.</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">3</FONT>
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<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>IX.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>TERMINATION OF AGREEMENT</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">This Agreement shall terminate upon the final payment of death benefits
as provided under Section&nbsp;VI hereof. This Agreement also shall terminate
upon the happening of any one of the following:</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">A.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The Executive shall leave the employ of the Bank and all
Affiliated Employers (voluntarily or involuntarily) for a reason
other than his or her death and prior to having met all of the
requirements in Section&nbsp;VI(B)(ii) above.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">B.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The Executive shall be discharged from employment with the
Bank or an Affiliated Employer for cause. Solely for purposes of
this Agreement, &#147;cause&#148; shall mean gross negligence or gross neglect
or the commission of a felony or gross misdemeanor involving moral
turpitude, fraud, dishonesty, or willful violation of any law that
results in any adverse effect on the Bank or an Affiliated Employer.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">C.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The Executive shall notify the Bank in writing that he or she
irrevocably elects to terminate this Agreement and relinquish all of
his or her rights thereunder.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">If the Executive&#146;s employment is terminated for cause or if the Executive
elects to terminate this Agreement, this Agreement shall terminate as of
the date of termination of employment or the date that the termination
election is received by the Bank, respectively, and neither the Executive
nor any person claiming for or through him shall have any further rights
under this Agreement or under the Policy. If the Executive&#146;s employment
terminates for any reason except cause or the Executive&#146;s death, the Bank
shall promptly notify the Executive that he or she has an assignable
option to receive from the Bank an absolute assignment of the Policy in
consideration of a cash payment to the Bank, equal to the greater of:</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">A.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The cash value of the Policy as of the date of such
assignment, or</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">B.</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The amount of the premiums paid by the Bank prior to the date
of such assignment plus interest at the annual rate of six percent
(6%).</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The amounts in items A and B above shall be reduced by any outstanding
loans or withdrawals from the Policy made by the Bank.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">If the Executive does not provide written notice to the Bank that he or
she elects to exercise this option within fourteen (14)&nbsp;calendar days
after the Bank sends notice of such option, this Agreement and all of the
Executive&#146;s rights, interest, and claims hereunder and in the Policy
shall terminate and be irrevocably forfeited as of the end of such 14&nbsp;day
period.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">If the Executive provides timely written notice of the exercise of such
option, he or she shall have thirty (30)&nbsp;calendar days from the date the
Bank first notifies him or her of such option to make the required cash
payment to the Bank or to notify the Bank in writing that he or she
irrevocably elects to have such payment deducted from any amounts then
owed to him or her by the Bank. If the Executive timely pays for such
assignment, this Agreement shall terminate as of the date of the
assignment of the Policy. If the Executive does not timely pay, this
Agreement and all of the Executive&#146; rights, interest, and claims
hereunder and in the Policy shall terminate and be irrevocably forfeited
as of the end of such 30&nbsp;day period.</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">4</FONT>
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<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>X.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>ASSIGNMENT</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Notwithstanding any provision hereof to the contrary, the Executive may,
with the Bank&#146;s written consent, absolutely and irrevocably assign by
gift all of his or her right, title, and interest in and to this
Agreement and the Policy to an assignee. This right shall be exercisable
by the execution and delivery to the Bank of a written assignment, on a
form prepared or approved by the Bank. Upon the Bank&#146;s consent to such
written assignment executed by the Executive and duly accepted by the
assignee thereof, the Bank shall indicate its consent thereto in writing
and shall thereafter treat the Executive&#146;s assignee as the sole owner of
all of the Executive&#146;s right, title, and interest in and to this
Agreement and in and to the Policy. Thereafter, the Employee shall have
no right, title, or interest in and to this Agreement or the Policy.
Notwithstanding the foregoing, the provisions of Section&nbsp;VI(B)(i) and
(ii)&nbsp;shall be applied by determining the employment status and/or pension
eligibility of the Executive (the assignor), not the assignee.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The Bank may pledge or assign the Policy, subject to the terms and
conditions of this Agreement, for the sole purpose of securing a loan
from the Insurer or from a third party. The amount of such loan together
with accumulated interest thereon shall not exceed the lesser of the
amount of premiums paid by the Bank on the Policy or the cash surrender
value of the Policy.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>XI.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>AGREEMENT BINDING</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">This Agreement shall be binding upon and inure to the benefit of the Bank
and its successors and assigns, and the Executive and his or her heirs,
successors, personal representatives, executors, administrators, assigns,
and beneficiaries.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>XII.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>NAMED FIDUCIARY AND PLAN ADMINISTRATOR</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The Bank is hereby designated the &#147;Named Fiduciary&#148; under this Agreement.
As Named Fiduciary, the Bank shall be responsible for the management,
control, and administration of the split dollar life insurance plan
established herein. The Named Fiduciary may allocate to others certain
aspects of the management and operational responsibilities of the plan
including the employment of advisors and the delegation of any
ministerial duties to qualified individuals.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>XIII.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>CLAIMS PROCEDURE</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The Named Fiduciary will establish a claims procedure which is consistent
with the requirements of Section&nbsp;503 of the Employee Retirement Income
Security Act (&#147;ERISA&#148;) and the Executive or any Beneficiary claiming any
benefit under this Agreement must exhaust such claims procedure before
commencing action in any judicial or administrative forum.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>XIV.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>GOVERNING LAW</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The law of the State of Ohio shall govern this Agreement.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>XV.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>AMENDMENT OF AGREEMENT</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">This Agreement may be altered, amended, or modified only by a written
agreement signed by the Bank and the Executive. It shall be the
obligation of the Bank to notify the Insurer of any amendments or changes
to this Agreement.</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">5</FONT>
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<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>XVI.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>INTERPRETATION OF AGREEMENT</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The Bank, as the Named Fiduciary, shall have sole discretion to interpret
each and all provisions of this Agreement and to determine the
eligibility of any person for benefits under this Agreement. All such
determinations of the Bank shall be binding on all persons concerned.
Where appropriate in this Agreement, words used in the singular shall
include the plural and works used in the masculine shall include the
feminine and vice versa.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>XVII.</B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2"><B>INSURER NOT A PARTY TO THIS AGREEMENT</B></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The Insurer shall not be deemed a party to this Agreement. The Insurer
shall be fully discharged from its obligations under the Policy by
payment of the Policy death benefit to the beneficiary or beneficiaries
named in the Policy, subject to the terms and conditions of the Policy.
No provision of this Agreement or any amendment or modification thereto
shall in any way be construed as enlarging, changing, varying, or in any
other way affecting the obligations of the Insurer except insofar as the
provisions hereof are made a part of the Policy by the beneficiary
designation executed by the Bank and filed with the Insurer in connection
herewith.</FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">Executed at (City, State)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;this&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;day of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><FONT size="2">Witness:<HR size="1" width="81%" align="right" noshade></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
By:<HR size="1" width="93%" align="right" noshade></FONT></TD>
</TR>
<TR>

<TD valign="top" align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Title:<HR size="1" width="91%" align="right" noshade></FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Witness:<HR size="1" width="81%" align="right" noshade></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Signed:<HR size="1" width="89%" align="right" noshade></FONT></TD>
</TR>
<TR>
    <TD valign="top" align="right"><FONT size="2"></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">6</FONT>
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<P align="center"><FONT size="2"><B>ENDORSEMENT METHOD SPLIT DOLLAR AGREEMENT<BR>

SCHEDULE A</B>
</FONT>

<P align="left"><FONT size="2">Insurer:
</FONT>

<P align="left"><FONT size="2">Policy Number:</FONT>

<P align="left"><FONT size="2">Bank:</FONT>

<P align="left"><FONT size="2">Executive:</FONT>


<TABLE cellspacing="0" border="0" cellpadding="0" width="65%">
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Relationship of
Bank to Executive:</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">
Employer</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Agent:</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Dr. Rodney L. Bartels<BR>
First Financial Resources<BR>
70 Dennis Road<BR>
Longmeadow, MA 01106<BR>
Telephone: 413-567-6339<BR>
FAX: 413-567-8918<BR>
Email: bartels@mediaone.net</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Contact:</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Mark A. Willis<BR>
Flagstone Life Insurance and Financial Services, Inc.<BR>
300 High St.<BR>
Hamilton, OH 45011<BR>
Telephone: 513-867-4771<BR>
FAX: 513-867-3112<BR>
mark.willis@flagstone-insurance.com</FONT></TD>
</TR>
</TABLE>

<P align="center"><FONT size="2"><B>ENDORSEMENT METHOD SPLIT DOLLAR AGREEMENT<BR>
BENEFICIARY DESIGNATION FORM</B>
</FONT>

<P align="left"><FONT size="2"><I>Instructions: The Executive (hereafter, &#147;you&#148;) should complete this form in
order to direct the Bank to designate your beneficiaries for purposes of the
Endorsement Method Split Dollar Agreement (the &#147;Agreement&#148;). If you designate
more than one primary beneficiary, please indicate below what percent of the
policy proceeds you want each surviving primary beneficiary to receive. If you
designate more than one contingent beneficiary, please indicate what percent of
the policy proceeds you want each surviving contingent beneficiary to receive
if no primary beneficiary survives you. If you designate more than one
beneficiary but you do not indicate what percent each one should receive, the
proceeds will be divided equally among each surviving primary beneficiary (or
equally among each surviving contingent beneficiary if no primary beneficiary
survives you) Any percentages that you designate for primary beneficiaries
will be increased proportionately for surviving primary beneficiaries if some
primary beneficiaries die before you die and you do not file a new form. The
same rule will apply to contingent beneficiaries if no primary beneficiaries
survive you. When you die, the proceeds will be distributed to the primary
beneficiaries you designated who survive you. If no primary beneficiary
survives you, the proceeds will be distributed to the</I></FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<P align="left"><FONT size="2"><I>contingent beneficiaries you designated who survive you. If no designated
primary or contingent beneficiary survives you, the proceeds will be
distributed according to the applicable terms of the Agreement.</I>
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2"><B>Primary Beneficiary:</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Name:</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Relationship
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Percentage</FONT></TD>
</TR>
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><HR size="1" noshade></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><HR size="1" noshade></TD>
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<P align="left"><FONT size="2">I direct the Bank to designate the person(s) or entity named above to be my
beneficiary for purposes of the Agreement. I hereby revoke all prior
directions regarding designations of primary and contingent beneficiaries for
purposes of the Agreement. I understand that this form applies only if I
properly complete it and file it with the Bank before my death. I reserve the
right to revoke or change my beneficiary designation directions by filing a new
properly completed form with the Bank before my death.
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date</FONT></TD>
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<DOCUMENT>
<TYPE>EX-13
<SEQUENCE>7
<FILENAME>l99690aexv13.txt
<DESCRIPTION>EXHIBIT 13
<TEXT>
<PAGE>
Two years ago, First Financial Bancorp embarked on Project Renaissance, a plan
for Bringing the Future Into Focus by regionalizing its affiliate banks and
expanding into growth markets. Since then, much has been accomplished by all
Bancorp associates - through extra hours and extraordinary efforts - in Meeting
the Challenge of Change. With the regionalization project nearly complete,
Bancorp now continues its strategic direction with more aggressive plans for
growth and expansion through new markets, new branches, revitalized customer
service, and more extensive relationships. In short, Bancorp is Moving Forward &
Growing.

                             [FIRST FINANCIAL LOGO]
                  FIRST FINANCIAL BANCORP - 2002 ANNUAL REPORT
<PAGE>

2002

FIRST FINANCIAL BANCORP PROFILE

Founded in April of 1983 as a two-bank holding company with a focus on community
banking, First Financial Bancorp is now a $3.7 billion publicly owned bank
holding company with diversified interests in banking, asset management, and an
insurance agency. Bancorp serves 500,000 customers across four states, has over
4,000 shareholders, and remains focused on providing financial-services
solutions for the ever-changing needs of customers.

<TABLE>
<CAPTION>
FINANCIAL HIGHLIGHTS                                     2002            2001         % CHANGE
                                                         ----            ----         --------
                                                   (Dollars in thousands, except per share data)

EARNINGS
<S>                                               <C>                <C>              <C>
Net interest income                               $     162,757      $  162,965         -0.13%
Net Earnings                                             48,235          43,309         11.37%

PER SHARE

Net earnings - basic                              $        1.05      $     0.91         15.38%
Net earnings - diluted                                     1.05            0.91         15.38%
Cash dividends declared                                    0.60            0.60          0.00%
Book value (end of year)                                   8.39            8.25          1.70%
Market price (end of year)                                16.39           17.65         -7.14%

AVERAGE

Total assets                                      $   3,720,050      $3,857,371         -3.56%
Deposits                                              2,951,088       3,111,279         -5.15%
Loans, net of unearned income                         2,785,717       2,915,723         -4.46%
Investment securities                                   627,824         591,217          6.19%
Shareholders' equity                                    384,618         395,790         -2.82%

RATIOS

Return on average assets                                   1.30%           1.12%        16.07%
Return on average shareholders' equity                    12.54%          10.94%        14.63%
Average shareholders' equity to average                   10.34%          10.26%         0.78%
assets
Net interest margin (fully tax equivalent)                 4.83%           4.67%         3.43%
</TABLE>


TABLE OF CONTENTS

Management's Letter to Shareholders             1
Corporate Overview                              4
Mission Statement                              12
Bancorp Board of Directors  and Officers       12
Management's Discussion and Analysis           15
Consolidated Financial Statements              28
Notes to Consolidated Financial Statements     32
Quarterly Financial and Common Stock Data      48
Corporate Structure                            49
Shareholder Information                        52
<PAGE>



                      MANAGEMENT'S LETTER TO SHAREHOLDERS

As business conditions change, commercial enterprises must use all of their
creative resources to maintain a core level of business activity as they undergo
major efforts to strengthen their foundations and develop new ways of
approaching the future.

So it was for First Financial Bancorp in 2002 as we continued to reshape our
company through Project Renaissance. We are eager to provide you more detail
about our accomplishments of this year, including improved earnings, the
formation of two regional banks, and conversion to a common data processing
system. Then again, there are areas where we fell short of our expectations, and
we want to share those also.

To our disappointment, the merger of affiliate banks into the planned
northwestern Ohio region is not yet complete. In spite of heroic efforts and
much positive improvement, credit-quality issues at Community First have slowed
our consolidation plan for this region. Given this situation, Bancorp s
management is currently considering alternative merger options.

In addition to their normal banking duties, our staff has accommodated the
additional demands of recent conversions and mergers participation in training,
learning new processes, adjusting to new products, and more. We believe these
distractions caused us to miss some opportunities for loan and deposit growth in
2002.

Increased efficiency was certainly one of our primary goals with Project
Renaissance. We did not achieve our initial projections in 2002, but our focus
remains on this potential. You may rest assured that we have new initiatives in
place to improve efficiencies.

On the positive side, the operational changes of 2002 will help us do a better
job of serving tomorrow's customers and shareholders.

At year-end and for the first time in our 20-year history all of our banks are
operating on a common data-processing system. We now have a standardized product
platform, making it possible for us to take a consolidated approach to marketing
those products.

Throughout 2002, we continued our strategic approach to protect the company and
your investment in it by developing new corporate initiatives to address the
Sarbanes-Oxley Act. Your board of directors has formed a Governance Committee.
In addition, the corporation's management has convened a Governance/Disclosure
Committee and strengthened our focus on managing risk with the hiring of a
senior vice president with responsibility for risk management. These are all
initiatives that demonstrate our proactive stance in preserving the reputation
that Bancorp has in the industry, as well as with shareholders and analysts.

                                                                               1
<PAGE>

                      MANAGEMENT'S LETTER TO SHAREHOLDERS

GROWTH BY NUMBERS

If you have had your eye on the market, you would not be surprised that a
sluggish national economy and lagging consumer confidence limited growth for
many businesses in 2002. Despite the additional rate cut by the Federal Reserve
in 2002, uncertainty remains in the market and the minds of consumers.
Nonetheless, First Financial Bancorp still achieved a net earnings increase of
11.4 percent in 2002 or a diluted earnings per share increase of 15.4 percent.
Net earnings were $48,235,000 or $1.05 per share for 2002.

We are very proud to have been able to continue providing the safety and
stability of regular dividend payments, extending our record of 79 consecutive
quarters of dividend payments since the company was formed in 1983. At year-end
2002, a $1,000 investment made in 1983 was worth some $14,529, a return of 1,353
percent.

We also saw improvements in both our return on equity and return on assets for
the year. Our return on equity of 12.5 percent compares to 10.9 percent reported
in 2001. Meanwhile our return on assets increased to 1.30 percent compared to
1.12 percent for 2001.

Across the country, many financial institutions saw flat or declining trust
revenues in 2002. In this difficult economy, First Financial Bancorp achieved an
increase of approximately 4.2 percent in trust revenues over 2001. Total assets
held in trust remained at $3 billion. In the trust business, where market swings
greatly impact performance, we continue to be pleased with our results and feel
that there are great opportunities for continued growth throughout all of our
affiliates.

The Federal Reserve's rate cut, in an already low-interest-rate environment,
made it tough to grow or even maintain net interest income and net interest
margin. In total we saw net interest income decline modestly to $163 million, a
0.13 percent decrease compared to 2001. Bancorp did an excellent job of managing
net interest margin, as it grew to 4.83 percent versus 4.67 percent in 2001.

Over the last couple of years, credit quality has been area of great focus among
all affiliates. In 2002, we continued to monitor risk and respond accordingly we
increased our reserve ratio to 1.75 percent from 63 percent in 2001. This is an
area that continues to

[PHOTO OF PONTIUS AND LEEP]
(L to R) Stanley N. Pontius, President
and CEO, and Bruce E. Leep, who was
elected Chairman of First Financial
Bancorp on April 23, 2002.
<PAGE>





                      MANAGEMENT'S LETTER TO SHAREHOLDERS

require considerable attention and involvement from Bancorp management, as well
as a team of key individuals from several affiliates.

POSITIONED TO GROW

With our new standardized delivery system, First Financial Bancorp now has a
more robust infrastructure that benefits all affiliates in a variety of ways. We
are focusing on growing market share in all of our regions with a rejuvenated
emphasis on expanding our community banking franchise into new markets.

During 2002, we laid the groundwork for expansion in several key markets. We
anticipate that our affiliates will open as many as eight new locations in 2003.
This will expand our reach in Indiana (Columbus, Warsaw, and Crown Point), Ohio
(southeastern Butler County and Warren County) and northern Kentucky. We
continue to look for additional locations with strong potential for growth where
we feel that our banking philosophy provides a strategic advantage to us and a
positive alternative for the customer.

To make sure that our regions grow in appropriate ways, First Financial Bancorp
has established a Corporate Branch Expansion Committee to oversee branching and
growth.

Throughout 2002, even as we expended time and energy on conversions related to
Project Renaissance, we continued to offer exciting new products that are in
demand in our market areas: proprietary mutual funds, insurance services,
internet banking, online bill payment, and check cards, all of which will
position us to improve earnings per share and return on equity in 2003. We
continue to look for ways to improve our product offerings, especially those
that provide additional sources of fee income.

LEADERSHIP FOR TOMORROW

With firm conviction, we assert that our leadership is the strongest in this
company's history. As always, we continue to train and groom our associates who
show potential for responding to challenging career opportunities. In addition,
we have strengthened our company by hiring new executives with valuable
experience and fresh perspectives.

Throughout our affiliates and at the holding company, there were several changes
in key leadership positions in 2002. Doug Lefferson assumed the position of
Chief Financial Officer of First Financial Bancorp upon Mike O'Dell's
retirement. We continue to benefit from Mike's service as chairman of the board
at Community First Bank & Trust.

In September, Pat Hart was promoted to executive vice president of First
Financial Bank. Pat's entire banking career has involved a series of
increasingly important roles within our holding company.

We are fortunate to have an experienced and ambitious leadership team in place
throughout our organization.

LOOKING AHEAD

In many ways, we saw our associates at their best in 2002 as they rose to the
challenges inherent in Project Renaissance while also helping their customers.
They exhibited the dedication and spirit that have been the hallmark of our
staff for many years.

To our loyal customers, we express gratitude for choosing us. Beyond that, we
renew our commitment to doing our best in 2003 to warrant their continued
confidence.

To our shareholders, we pledge a new level of initiative that will help us grow
our business.

Sincerely,



/s/ Bruce E. Leep
Bruce E. Leep
Chairman



/s/ Stanley N. Pontius
Stanley N. Pontius
President and CEO

                                                                               3
<PAGE>

                               2002 ANNUAL REPORT

Whether you are a shareholder, an associate, or a customer, it's an exciting
time to be part of First Financial Bancorp.

Looking back at the past two years, we are truly proud of the dedication and
hard work expended by so many as we brought the future into focus through
Project Renaissance. Even in difficult economic times and in spite of some of
the most disturbing events in our nation's history we met the challenge of
change and maintained our steadfast commitment to the rebirth of our company
through 2001 and 2002.

Now, as we move forward, growth is not just our theme, but our mission. In 2002,
we continued to lay the groundwork for growth, and firm evidence will be
forthcoming in 2003.

BUILDING NAME RECOGNITION

A key element of Project Renaissance was to combine our banks into regional
entities.

[PHOTO OF EMPLOYEES]
(L to R) LeEtta Hunter and Karen Burks are part of the team of First Financial
Bancorp Service Corporation associates who process an average of five million
items a month using new technology and equipment.

As a result of the consolidations we accomplished in 2002, many of our customers
and communities are getting to know us by new names. When Hebron Deposit Bank
and First National Bank of Southwestern Ohio merged in July, the new regional
bank was introduced as First Financial Bank. Likewise, Sand Ridge Bank is the
new identity for the regional bank that combined National Bank of Hastings,
Bright National Bank, and Sand Ridge Bank. These affiliates began quickly
implementing a disciplined marketing strategy as well as their dedication and
commitment to service to establish and build name recognition with existing and
prospective customers in their respective markets.

TAKING GIANT STEPS IN TECHNOLOGY

Bancorp's companywide conversion to a common data-processing system was
completed in November and is now beginning to deliver on its promise to increase
efficiency and provide the foundation for a competitive advantage for the
future.

All 104 banking centers in the First Financial Bancorp network are now connected
to the Horizon Banking System, a major advance that allows our front-line staff
to focus on customers more than paperwork. Simplified and streamlined procedures
now give

4
<PAGE>

                               2002 ANNUAL REPORT

[PHOTO OF BANK DRIVETHRU]
Busy Sand Ridge Bank customers in Highland, Indiana, appreciate the access to
ten drive-thru lanes with two ATMs at the 45th Street banking center. Designed
to meet the needs of a more densely populated market, this facility also adds
convenience for their customers with extended hours.

banking center associates more time to listen to their customers and cross-sell
additional products and services. Over time, centralized back-office services
will add even greater value and more efficiencies to the company's bottom line.

Of course, an investment was required both in time and capital for these
enhanced technologies. Yet our plan and the investments required are now
providing a more cost-effective delivery of products and services to the 500,000
customers who depend on our affiliates to satisfy their banking needs.

Our operations affiliate, First Financial Bancorp Service Corporation, steered
us steadfastly through our two-year operational conversion improving our
communications network, installing new processing equipment, and upgrading our
computer hardware and software.

Each of these enhancements was accomplished while maintaining everyday services
to customers, and processing an average of five million items every month in
2002.

Project Renaissance has also brought new and enhanced products to our affiliates
and the customers they serve. Nationally, the percentage of bank customers who
use online bill payment grew significantly in 2002. At our banks, we're seeing
steady growth in the number of customers who rely on our online banking service
to do their personal banking. At the same time, businesses are also responding
well to our new online cash management product that provides them greater
control and flexibility over their accounts as well as access from any location
where they have a computer.

Existing and emerging technologies are also enabling us to offer greater
convenience to customers as they go about day-to-day tasks like paying bills and
making purchases. Every day, our affiliates are seeing greater use of telephone
banking and check cards, two products that keep us viable in a keenly
competitive market. In addition, all of our customers now enjoy no-fee access to
our expanding corporate network of 110 automated teller machines located across
our four-state market.

These technology enhancements attractive to current and prospective customers
alike constitute a core component of Project Renaissance. We are pleased to
report that we are already beginning to see their benefit.

                                                                               5
<PAGE>

                               2002 ANNUAL REPORT

[PHOTO OF STUDENTS]
At Mason High School, Betsy Koval (far right), Marketing Officer, is First
Financial Bank's primary mentor for the student officers of Comet Savings: (L to
R) Stephanie Sheppard, Amy Sailor, Amanda White, instructor Cindy Donnelly,
Allison Salmons, and Adam Ritz.

GROWING MARKETS REQUIRE NEW FACILITIES

Having positioned ourselves for strategic expansion and growth, we are eagerly
targeting new opportunities. In 2003, we expect to add as many as eight new
banking centers in strategic locations across our four-state market. With each
new location, we intend to capitalize on market opportunities by choosing sites
and designing facilities to meet varying consumer needs.

One such target is southeastern Butler County, the third-fastest-growing area in
Ohio. There, our First Financial Bank region already has a market presence that
will be further increased as we open at least two new banking centers in 2003.
This area, between I-75 and I-71 in the suburbs north of Cincinnati, offers us a
wealth of commercial and retail opportunities. In addition to planning new
facilities, we have increased our banking hours at several current banking
centers in this area so we offer greater convenience for our customers.

In tandem with our search for growth opportunities near Cincinnati, our First
Financial Bank affiliate has embarked on a unique financial literacy program
sponsoring the first in-school simulated bank in southwestern Ohio and mentoring
the bank's student staff. Comet Savings & Loan, located inside the new Mason
High School, now serves over 2,000 teachers and students with First Financial
Bank providing all the training and furnishings for a fully functional

     [PHOTO OF PATRICK HART] Patrick J. Hart,First Financial Bank's new
     Executive Vice President is charged with overseeing growth initiatives for
     the bank, including new banking centers and strategic business development.

6
<PAGE>

                               2002 ANNUAL REPORT



and educational endeavor. This project brings the officers and staff of First
Financial Bank into a promising partnership with a growing community where the
bank hopes to increase its customer relationships.

South of the Ohio River in northern Kentucky, our First Financial Bank region is
also making plans to open an additional office. Northern Kentucky is an area of
exceptionally strong growth potential with an abundance of mid- to large-size
commercial businesses, where construction abounds in affordable yet upscale
residences for young professionals.

In the northwestern Indiana community of Crown Point the county seat of Lake
County our Sand Ridge Bank broke ground for a new facility at the end of 2002.
This office will provide Sand Ridge Bank with yet another excellent location to
build new relationships in a rapidly growing, mostly suburban area. Always
looking toward the future, Sand Ridge Bank also purchased a site in
Merrillville, Indiana, for possible development of another banking center.

In north central Indiana, Indiana Lawrence Bank is planning to open an office
that will focus on commercial business development in the city of Warsaw, a
center for orthopedic manufacturing.

And in the city of Columbus, Indiana, our Heritage Community Bank also has
exciting plans for revamping its presence. On one of the busiest routes in the
city, Heritage expects to open a new full-service suburban banking center by
mid-2003. In addition, the bank's main office will be relocated to the south end
of downtown Columbus, gaining drive-up lanes and a drive-up ATM while retaining
close proximity to retail shops, county and city administration offices, and a
riverfront development that has been proposed for the near future.

[PHOTO OF A REPORTER INTERVIEWING DAVID HARVEY, CEO]

[PHOTO OF GROUNDBREAKING] At the groundbreaking for the new Crown Point Banking
Center, a reporter interviews David Harvey, President and Chief Executive
Officer of Sand Ridge Bank. In the background is an architect's rendering
showing how the new building will reflect the design of the Lake County Court
House. Lifting the first shovels of dirt for the new building are (L to R) Sam
Van Til, Director of the bank; Harvey; Bruce E. Leep, Chairman of the Board;
James D. Metros, Mayor of Crown Point; Gayle Van Sessen, Executive Director of
the Crown Point Chamber of Commerce; and Keith Nielsen, CCIM, Broker Assoc.,
Industrial Specialist.

                                                                               7
<PAGE>

                               2002 ANNUAL REPORT


[THREE PHOTO'S OF OFFICER'S PROVIDING FULL SERVICE SOLUTIONS FOR CUSTOMERS]
Providing full-service solutions for customers: (L to R) John R. Kuczynski,
Senior Vice President at First Financial Bank, meets with a trust client; Dennis
C. Dietz, First Vice President and Investment Officer for First Financial
Capital Advisors, analyzes investment alternatives in the Legacy Funds Group;
and Mark A. Willis, President and Chief Executive Officer of Flagstone
Insurance, conducts training to help associates learn to make insurance
referrals.

PROVIDING DIVERSE FINANCIAL SOLUTIONS

Our investment and trust professionals have been serving a broad range of
clients for several generations, helping them to implement their estate planning
goals and investment objectives. To capitalize on opportunities to provide
full-service solutions for customers, we continue to fine-tune the array of
services offered by our Trust Division. While trust is the mainstay of this
segment of our business, we have also developed several diversified financial
products for our customers.

In May of 2002, the Trust Investment Department reorganized as First Financial
Capital Advisors, LLC, a wholly owned subsidiary registered as an investment
advisor with the Securities and Exchange Commission. First Financial Capital
Advisors serves as investment advisor to a new group of mutual funds the Legacy
Funds Group which are widely used in our trust accounts and broadly available to
all customers. This new offering allows us to appropriately serve a growing
segment of investment-savvy families with needs beyond savings accounts and
certificates of deposit.

The year 2002 also saw Flagstone Insurance and Financial Services continue to
perform beyond expectations. With offices in two of our affiliates, Flagstone
gives us the opportunity to offer consumers a full complement of insurance
services from people they know and trust. At the end of 2002, Flagstone signed a
letter of intent and subsequently purchased an insurance agency in Connersville,
Indiana, that will expand our insurance offerings in this region.

The Legacy Funds and Flagstone Insurance are prime examples of how we have
squarely focused on our customers expanding our offerings to meet their changing
needs and an increasing desire for convenient, one-stop sources of financial
products and services.

PROGRESS THOUGH OUR PEOPLE

Over the course of Project Renaissance, we moved a few of our most experienced
bankers into areas where they could make an even greater contribution to the
success of our growing organization. In addition, we recruited several talented
bankers who have brought experience, ability and creativity to our organization.
Through this strategy, our management team has infused new ideas and new
attitudes into the way we operate, making us ready to usher in a new era of
growth and success.

8
<PAGE>
                               2002 ANNUAL REPORT

In 2002, we witnessed an exciting synergy as we formed teams of associates to
accomplish an aggressive array of company goals. As they continue to work
together, these teams develop a camaraderie that breaks down barriers between
regions and helps them become more keenly aware of how they can positively
impact First Financial Bancorp's future.

Given our strong focus on growth, each of our associates must be proactive and
their sales skills must be sharp. To achieve optimum results, we provided
additional sales training to all business development officers in 2002, and
implemented a standardized incentive compensation program for these officers.

In addition to training individuals, we are developing sales teams that match
commercial loan officers with trust officers and private bankers to work
together on business development initiatives. These sales teams operate with a
broad long-term goal: to cultivate a comprehensive business relationship with
each client.

[PHOTO OF LEBUDA]

[PHOTO OF STOFFER AND NIEKAMP]

Ruth LaBuda, Vice President at Sand Ridge Bank; Michele Stoffer, Assistant Vice
President at First Financial Bank, and Kevin Niekamp, Vice President at
Community First, are among our most successful associates in developing new
business. In 2002, LaBuda was recognized for outstanding sales of investment
products, both nationally and within First Financial Bancorp.

FOCUSING ON THE COMMUNITY

A strong presence and involvement in our communities has long been the hallmark
of First Financial Bancorp affiliates. Beyond our affiliates longtime commitment
to a broad variety of groups, events and programs in their respective markets,
each year provides compelling examples of our associates vital roles in the
communities they call home.


                                                                               9
<PAGE>
                               2002 ANNUAL REPORT

When a devastating tornado struck Van Wert, Ohio, in November of 2002 destroying
over 40 homes, severely damaging another 50, and putting many residents out of
work our Community First affiliate responded immediately. Community First
associates mobilized to provide meals to aid workers and residents, and the bank
stepped forward with low-interest loans and an expedited loan application and
approval process for consumers and commercial businesses needing help.

Building on the future, our affiliates also offer scholarships to deserving
students in their markets on an ongoing basis. Just one example: First Financial
Bank funds a business technology scholarship, a minority scholarship, and four
others that are dedicated to children of bank associates.

[PHOTO OF MURREL, HOCKEMEYER, PONTIUS, IMMELT, HALL]


10
<PAGE>
                               2002 ANNUAL REPORT

Through events and opportunities such as these, we reinforce what it means to be
community bankers.

MOVING FORWARD AND GROWING

As we go forward, growth is our focus. We are genuinely excited about entering
new markets, building new facilities, and developing new business. Our vision is
clear growth for shareholders, superior service for customers, and an energized
sales climate that promises success for associates.

We are indeed prepared to move forward and grow.

First Financial Bancorp Senior Staff: (L to R) C. Thomas Murrell, III, Senior
Vice President and Chief Lending Officer; Rex A. Hockemeyer, Senior Vice
President, Information Technology; Stanley N. Pontius, President and Chief
Executive Officer; Mark W. Immelt, Senior Vice President; James C. Hall,
Executive Vice President; Brian D. Moriarty, Senior Vice President, Human
Resources; C. Douglas Lefferson, Senior Vice President and Chief Financial
Officer; Cheryl R. Lipp, Vice President, Business Development and Marketing and
John R. Kuczynski, Senior Vice President at First Financial Bank.

[PHOTO OF MORIARTY, LEFFERSON, LIPP, KUCZYNSKI]


                                                                              11
<PAGE>
                                MISSION STATEMENT

To provide a balanced offering of innovative, quality differentiated financial
products, and extraordinary customer service to our clientele.

To safeguard the interests of our depositors.

To maximize the return on investment to our shareholders by consistently earning
the highest possible returns, while being ever mindful of the associated ethical
and moral considerations necessary to ensure Bancorp's financial stability and
long-term independence.

To promote the economic growth and development of the communities we serve.

To provide a stimulating work environment and optimal career path potential for
all Bancorp associates in order to instill the highest level of commitment and
dedication to First Financial Bancorp and our varied constituencies.

BOARD OF DIRECTORS & OFFICERS

DIRECTORS

Bruce E. Leep, Chairman of the Board, First Financial
Bancorp, and Chairman of the Board, Sand Ridge Bank

Stanley N. Pontius, President and Chief Executive Officer,
First Financial Bancorp, and Chairman of the Board,
First Financial Bank

Richard L. Alderson, Partner,
Real Estate Investment and Development

Martin J. Bidwell, President, Magnode Corp.

Don M. Cisle, President, Don S. Cisle Contractor, Inc.

Corinne R. Finnerty, Partner,
McConnell & Finnerty, Attorneys-at-Law

Carl R. Fiora, Retired President and
Chief Executive Officer, Armco Steel Co., L.P.

Dr. James C. Garland, President,
Miami University, Oxford, Ohio

Murph Knapke, Owner, Knapke Law Office, Attorney-at-Law

Stephen S. Marcum, Partner, Parrish,
Fryman & Marcum Co., L.P.A.

Barry S. Porter, Retired Chief Financial Officer,
The Ohio Casualty Corp.

Steven C. Posey, President, Posey Management Corp.

Perry D. Thatcher, President and CEO,
Ample Industries, Inc.

DIRECTORS EMERITI

Arthur W. Bidwell, Thomas C. Blake, Merle F. Brady, Don S.
Cisle, Jr., Edward N. Dohn, Richard J. Fitton, Vaden Fitton,
F. Elden Houts, Robert M. Jones, Charles T. Koehler, Barry J.
Levey, Robert W. Long, Joseph L. Marcum, Robert Q. Millan,
Frank C. Neal, James L. Pease, Jr., C. Wesley Rowles, Joel H.
Schmidt, Hon. C. William Verity, Jr.

OFFICERS

President and Chief Executive Officer
Stanley N. Pontius

Executive Vice President
James C. Hall

Senior Vice President and Chief Financial Officer
C. Douglas Lefferson

Senior Vice President, Information Technology
Rex A. Hockemeyer

Senior Vice President
Mark W. Immelt

Senior Vice President, Human Resources
Brian D. Moriarty

Senior Vice President and Chief Lending Officer
C. Thomas Murrell, III

Senior Vice President, Risk Management
Robert C. Oberg

First Vice President, Investments
Gary A. Eppley

Vice President, Controller
J. Franklin Hall

Vice President, Assistant Controller
Elizabeth E. Fontaine

Vice President, Business Development and Marketing
Cheryl R. Lipp

Vice President and Director of Asset/Liability Management
Lawrence P. Mulligan, Jr.

Legal Officer and Secretary
Janie McCauley


12
<PAGE>
                                   FINANCIALS

Asset/liability management is a key factor in the financial performance of First
Financial Bancorp. During 2002, our company focused on opportunities for
interest rate adjustments that would positively impact the margin without
jeopardizing customer relationships. This disciplined approach made a
significant contribution to Bancorp's success in managing the margin and in
improving its financial performance. In fact, during the past decade we have
consistently ranked among the top five Ohio and Indiana publicly traded bank
holding companies with regard to net interest margin.

[PHOTO OF MULLIGAN, LEFFERSON, HALL]

(L to R) Lawrence P. Mulligan, Vice President and Director of Asset/Liability
Management, C. Douglas Lefferson, Senior Vice President and Chief Financial
Officer and J. Franklin Hall, Vice President and Controller.


                                                                              13
<PAGE>
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                 FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS

                             FIRST FINANCIAL BANCORP

      The following discussion and analysis is presented to facilitate the
understanding of the financial position and results of operations of First
Financial Bancorp (Bancorp). It identifies trends and material changes that
occurred during the reporting periods and should be read in conjunction with the
consolidated financial statements and accompanying notes. All dollar amounts,
except per share data, are expressed in thousands of dollars.

      Bancorp is a bank and savings and loan holding company headquartered in
Hamilton, Ohio, having rescinded its financial holding company election
effective July 31, 2002. Management initially believed that becoming a financial
holding company under the Gramm-Leach-Bliley Act of 1999 would be beneficial.
Bancorp later withdrew its election of financial holding company status because
its strategic plans did not include utilizing the expanded activities for which
it qualified under the structure. The only activity Bancorp pursued as a
financial holding company was its direct ownership of an insurance agency. In
conjunction with the change Bancorp transferred its insurance agency, Flagstone
Insurance and Financial Services, to one of Bancorp's subsidiaries, Heritage
Community Bank. Additionally, because financial holding companies can engage in
expanded activities, they are subject to more stringent regulatory requirements
than those that apply to bank holding companies. Previously disclosed
operational issues (credit quality, Bank Secrecy Act) at Community First Bank &
Trust might have caused Bancorp to be unable to continue as a financial holding
company. Since the financial holding company activities were not necessary for
Bancorp to achieve its strategic plans, Bancorp decided to withdraw its
election. Bancorp's change in status from a financial holding company to a bank
and savings and loan holding company has not had any impact on the earnings or
financial position of the company or disrupted any of Bancorp's strategic plans.
As of December 31, 2002, Bancorp owned eleven subsidiaries operating in western
Ohio, Indiana, northern Kentucky, and southern Michigan. These subsidiaries
include seven commercial banks, one savings bank, a service corporation for
Bancorp's subsidiaries, a statutory trust company (established to facilitate the
issuance of trust preferred securities), and a registered investment advisory
company.

      On January 25, 2001, Bancorp announced that its board of directors had
approved a multi-year plan (Project Renaissance) to focus on regionalization and
market expansions designed to increase long-term shareholder value. The end
result of this multi-phased regionalization strategy was to have Bancorp's
banking affiliates operate as four regional financial institutions on a common
data processing system. Bancorp initiated this plan to gain efficiencies through
consolidation, to provide a structure with a smaller number of subsidiaries that
could more easily be managed, and to better position the company for growth, for
instance by reducing operational burdens on certain employees and enabling them
to focus more on customer sales and service. All the data processing conversions
were completed and three of the four regional financial institutions have been
formed.

      The first of Bancorp's new regional affiliates was formed in November of
2001 when four of the holding company's financial institutions in southeastern
Indiana (Peoples Bank and Trust, Sunman; Farmers State Bank, Liberty; Union Bank
& Trust, North Vernon; and Vevay Deposit Bank, Vevay) were merged under the new
name, Heritage Community Bank, and converted to a common data processing system.

      During the second and third quarters of 2002, several Project Renaissance
benchmarks were achieved. First, in May 2002, the data processing conversions at
Community First Bank & Trust, Citizens First State Bank, The Clyde Savings Bank
Company, Fidelity Federal Savings Bank, and Indiana Lawrence Bank were
completed. Also in May 2002, Bancorp's new family of proprietary mutual funds,
The Legacy Funds Group, was introduced to the public. Additionally, on July 19,
2002, First National Bank of Southwestern Ohio and Hebron Deposit Bank were
merged and converted to the new system to form Bancorp's second new regional
bank, known as First Financial Bank, National Association.

      Designed to serve northwestern Indiana and southern Michigan, Bancorp's
third regional financial institution was formed in November 2002, when Sand
Ridge Bank, Highland, Indiana; Bright National Bank, Flora, Indiana; and
National Bank of Hastings, Hastings, Michigan, merged and converted to the new
system.

      Subject to regulatory approval, Bancorp has been planning to combine its
remaining banking affiliates (Community First Bank & Trust, Citizens First State
Bank, The Clyde Savings Bank Company, Fidelity Federal Savings Bank, and Indiana
Lawrence Bank) during 2003. Given the credit-quality issues at Community First,
Bancorp's management is currently considering alternative consolidation options.

      Bancorp approved a stock repurchase plan on October 24, 2000. Bancorp
purchased 567,495 shares during 2002 to complete the authorized repurchase of
2.4 million shares under this plan. Under another stock repurchase program
approved on February 26, 2002, Bancorp was authorized to repurchase up to 5% of
its outstanding shares as of the approval date. Bancorp repurchased 1,272,205
shares under the 2002 plan during the year. On February 25, 2003, Bancorp's
Board of Directors authorized an additional stock repurchase program to
repurchase up to 5% of its shares outstanding upon the completion of the
February 26, 2002, program.

      The major components of Bancorp's operating results for the past five
years are summarized in Table 1 and discussed in greater detail on subsequent
pages. For a thorough understanding of Bancorp's financial results and
conditions, this discussion should be read in conjunction with the statistical
data and consolidated financial statements on pages 27 through 48.

RECENT MERGERS AND ACQUISITIONS

      In February of 2003, Flagstone Insurance and Financial Services, an
affiliate of Bancorp's Heritage Community Bank, completed the cash purchase of
the Wilson Lawson Meyers Insurance Agency of Connersville, Indiana. While the
transaction is not material from a financial perspective, Bancorp looks forward
to the opportunity for increased market share in southeastern Indiana.

      On December 31, 2001, Bancorp completed its purchase of certain assets and
assumption of certain liabilities of a division of Blue River Bancshares, Inc.
operating under the name First Community Bank of Fort Wayne, Indiana. This
division operates as part of Bancorp's Community First Bank & Trust affiliate.

OVERVIEW OF OPERATIONS

      Bancorp's net earnings increased 11.4% to $48,235 in 2002, compared to net
earnings of $43,309 in 2001. Bancorp's diluted earnings per share increased
15.4% to $1.05, from $0.91 in 2001.

      The 2002 earnings increased over 2001 as a result of significantly lower
provision for loan loss expense, due primarily to reduced net charge-offs.
Bancorp's reserve for loan losses as a percentage of loans increased to 1.75% at
the end of 2002 from 1.63% in 2001. The uncertain economy and continued decline
in interest rates were two factors that influenced Bancorp's 2002 results. The
effect of an uncertain economy created reduced loan demand in some of Bancorp's
markets. Declining interest rates resulted in lower loan and investment yields
in an environment where it was increasingly difficult to lower rates on deposits
correspondingly. These factors were reflected in Bancorp's net interest income
which showed a modest decline in 2002 from 2001. Noninterest income, excluding
security gains, increased 4.95%. This positive variance, however, was more than
offset by a 6.05% increase in noninterest expense.

      Total assets at December 31, 2002, were $3,729,952, a decrease of $124,842
or 3.24% from year-end 2001. Total assets decreased as a result of loans, net of
unearned income, decreasing $124,161. Reference the Loans section of the
Management's Discussion and Analysis for further discussion.

      Bancorp's net earnings decreased 25.6% to $43,309 in 2001, compared to net
earnings of $58,222 in 2000. Bancorp's diluted earnings per share decreased
23.5% to $0.91, from $1.19 in 2000.

      Bancorp's earnings for 2001 were impacted by a dramatic drop in interest
rates and a slowing economy, in addition to its planned regionalization and
expansion expenses. Net interest income for 2001 decreased 2.93%. Higher-than-
normal nonperforming assets and loan charge-offs, along with a slowing economy


FIRST FINANCIAL BANCORP                                                       15
<PAGE>
                           TABLE 1 - FINANCIAL SUMMARY

<TABLE>
<CAPTION>
                                                                  2002          2001          2000          1999         1998
                                                               ----------    ----------    ----------    ----------    ----------
                                                                           (Dollars in thousands, except per share data)
<S>                                                            <C>           <C>           <C>           <C>           <C>
SUMMARY OF OPERATIONS
Interest income                                                $  241,008    $  289,745    $  313,303    $  281,018    $  261,076
Tax equivalent adjustment                                           4,108         4,405         4,899         5,246         4,862
                                                               ----------    ----------    ----------    ----------    ----------
    Interest income - tax equivalent                              245,116       294,150       318,202       286,264       265,938
Interest expense                                                   78,251       126,780       145,424       117,194       110,434
                                                               ----------    ----------    ----------    ----------    ----------
    NET INTEREST INCOME - TAX EQUIVALENT                       $  166,865    $  167,370    $  172,778    $  169,070    $  155,504
                                                               ==========    ==========    ==========    ==========    ==========
Interest income                                                $  241,008    $  289,745    $  313,303    $  281,018    $  261,076
Interest expense                                                   78,251       126,780       145,424       117,194       110,434
                                                               ----------    ----------    ----------    ----------    ----------
    NET INTEREST INCOME                                           162,757       162,965       167,879       163,824       150,642
Provision for loan losses                                          16,174        26,813        11,300         9,232         8,247
Noninterest income                                                 56,699        54,242        48,401        43,766        41,106
Noninterest expenses                                              132,512       124,954       118,018       121,735       107,845
                                                               ----------    ----------    ----------    ----------    ----------
    Income before income taxes                                     70,770        65,440        86,962        76,623        75,656
Income tax expense                                                 22,535        22,131        28,740        26,300        24,684
                                                               ----------    ----------    ----------    ----------    ----------
    NET EARNINGS                                               $   48,235    $   43,309    $   58,222    $   50,323(2) $   50,972
                                                               ==========    ==========    ==========    ==========    ==========
Tax equivalent basis was calculated using a
  35.0% tax rate in all years presented

PER SHARE DATA (1)
    NET EARNINGS - BASIC                                       $     1.05    $     0.91    $     1.19    $     1.02    $     1.03
                                                               ==========    ==========    ==========    ==========    ==========
    NET EARNINGS - DILUTED                                     $     1.05    $     0.91    $     1.19    $     1.02    $     1.03
                                                               ==========    ==========    ==========    ==========    ==========
Cash dividends declared
    First Financial Bancorp                                    $     0.60    $     0.60    $     0.57    $     0.54    $     0.50
    Sand Ridge Financial Corporation(3)                               N/A           N/A          $N/A    $     4.75    $    18.00
    Hebron Bancorp, Inc.(4)                                           N/A           N/A          $N/A    $     1.50    $     5.50
Average common shares outstanding - basic (in thousands)           45,881        47,428        48,776        49,191        49,333
Average common shares outstanding - diluted (in thousands)         46,001        47,479        48,862        49,335        49,531

SELECTED YEAR-END BALANCES
Total assets                                                   $3,729,952    $3,854,794    $3,932,512    $3,940,693    $3,538,869
Earning assets                                                  3,407,769     3,505,791     3,604,916     3,572,755     3,253,574
Investment securities held-to-maturity                             21,571        20,890        24,800        31,765        37,782
Investment securities available-for-sale                          605,345       595,600       564,762       490,126       550,394
Loans, net of unearned income                                   2,748,088     2,872,249     3,008,066     3,036,376     2,654,146
Deposits                                                        2,922,434     3,085,093     3,151,428     2,991,213     2,872,067
Noninterest-bearing demand deposits                               422,453       448,330       419,878       408,712       392,999
Interest-bearing demand deposits                                  328,204       346,039       306,356       314,735       307,752
Savings deposits                                                  841,336       782,640       739,376       778,405       758,808
Time deposits                                                   1,330,441     1,508,084     1,685,818     1,489,361     1,412,508
Long-term borrowings                                              290,051       260,345       205,216       161,799       120,777
Shareholders' equity                                              377,603       384,543       395,132       372,539       358,265

RATIOS BASED ON AVERAGE BALANCES
Loans to deposits                                                   94.40%        93.71%       100.76%        98.28%        89.07%
Net charge-offs to loans                                             0.53%         0.71%         0.37%         0.20%         0.24%
Shareholders' equity to
    Total assets                                                    10.34%        10.26%         9.62%         9.93%        10.46%
    Deposits                                                        13.03%        12.72%        12.45%        12.61%        12.64%
Return on assets                                                     1.30%         1.12%         1.48%         1.37%         1.53%
Return on equity                                                    12.54%        10.94%        15.34%        13.75%        14.59%
Net interest margin                                                  4.71%         4.55%         4.59%         4.79%         4.86%
Net interest margin (tax equivalent basis)                           4.83%         4.67%         4.72%         4.94%         5.02%
</TABLE>

(1)   First Financial Bancorp's per share data has been restated for all stock
      dividends, stock splits, and material pooling-of-interests mergers through
      2001.

(2)   1999 net earnings includes $6,930,000 ($5,454,000 after tax) in merger and
      restructuring charges.

(3)   Sand Ridge Financial Corporation was the parent company of Sand Ridge Bank
      and was merged out of existence on June 1, 1999.

(4)   Hebron Bancorp, Inc. was the parent company of Hebron Deposit Bank and was
      merged out of existence on June 1, 1999.


16                                                       FIRST FINANCIAL BANCORP
<PAGE>
and other individual customer-specific factors considered in determining the
adequacy of the allowance for loan and lease losses, resulted in a significant
increase in the provision for loan loss expense. A 12.1% increase in noninterest
income and continued expense control contributed favorably to Bancorp's 2001
results.

      Bancorp's return on equity for 2002 was 12.5%, which compares to 10.9% and
15.3% for 2001 and 2000, respectively. Bancorp's return on assets for 2002 was
1.30%. This compares with return on assets of 1.12% and 1.48% for 2001 and 2000,
respectively.

      Core net earnings exclude one-time expenses associated with Project
Renaissance, Bancorp's regionalization and expansion plan. Management believes a
discussion of core net earnings is valuable due to the non-recurring nature of
the expenses. Project Renaissance expenses, net of tax, were $2,641 and $3,172
for 2002 and 2001 respectively. Core net earnings increased 9.46% to $50,876
versus core net earnings of $46,481 in 2001. Core diluted net earnings per share
increased 13.3% to $1.11 in 2002, compared to $0.98 in 2001.

      Core net earnings in 2001 decreased 20.6% to $46,481 versus core net
earnings of $58,508 in 2000. Core net earnings exclude one-time expenses
associated with Project Renaissance, as well as 2000 costs associated with the
merger of two Bancorp affiliates, First Financial Bank and Home Federal Bank, a
Federal Savings Bank. Core diluted net earnings per share decreased 18.3% to
$0.98 in 2001, compared to $1.20 in 2000.

      Excluding Project Renaissance expenses in 2002, Bancorp's return on equity
was 13.2% and its return on assets was 1.37%. Comparable ratios for 2001,
excluding Project Renaissance expenses, were return on equity of 11.7% and
return on assets of 1.20%.

NET INTEREST INCOME

      Net interest income, Bancorp's principal source of earnings, is the excess
of interest received from earning assets over interest paid on interest-bearing
liabilities. Bancorp's net interest income for the years 1998 through 2002 is
shown in Table 1.

      Interest income was $241,008 in 2002, a decrease of $48,737 or 16.8% from
2001. The decrease in interest income was primarily the result of a declining
interest rate environment beginning in 2001 and continuing through 2002 which
impacted Bancorp's variable rate loans. Interest income was also adversely
impacted as average loan balances decreased $130,007 or 4.46%. The greatest
contributing factor to the decline in average loan balances was a planned
reduction in residential real estate loans. Residential real estate loan demand
remained high due to refinancing activity into lower fixed-rate mortgages.
However, at a low point in the interest rate cycle, Bancorp's strategy was to
sell a majority of these mortgage loans while retaining the servicing and
customer relationships. A decline in other loan categories was partially the
result of decreased demand due to the effect of an uncertain economy.

      Total interest expense was $78,251 in 2002, a decrease of $48,529 from
2001. The interest expense was primarily impacted by a decrease in the rate paid
on interest-bearing liabilities. The average rate paid for deposits and
borrowings decreased to 2.70% during 2002 from 4.18% during 2001.

      Net interest income, the difference between total interest income and
total interest expense, decreased $208 or 0.13% during 2002 as a result of the
factors discussed previously. The 50 basis point reduction in rates initiated by
the Federal Reserve on November 6, 2002, caused net interest margin compression
and lower net interest income in the fourth quarter, which resulted from
non-parallel rate shifts in the earning asset and deposit rate curves. Bancorp
expects continued margin compression in 2003 as a result of the most recent rate
cut, continued downward repricing of adjustable rate earning assets, and
replacement of assets in a lower rate environment. One of the ways Bancorp
intends to offset the effects of the margin compression is by increasing
production of earning assets through its sales network.

      The interest rate spread and the net interest margin are two ratios
frequently used to measure differences in net interest income. The interest rate
spread (the average rate on earning assets minus the average rate on
interest-bearing liabilities) was 4.27% for 2002 and 3.91% for 2001. The net
interest margin (net interest income divided by average earning assets)
increased 16 basis points, to 4.71% in 2002 from 4.55% in 2001. Throughout 2002,
Bancorp's balance sheet was asset-sensitive. An asset-sensitive position
suggests that a declining rate environment will negatively influence net
interest income as earning assets will reprice downward more quickly than
interest-bearing liabilities. Given the dramatic drop in rates in 2001 and 2002,
Bancorp did well to increase the margin. The

            TABLE 2 - VOLUME/RATE ANALYSIS - TAX EQUIVALENT BASIS (1)

<TABLE>
<CAPTION>
                                                             2002 change from 2001 due to        2001 change from 2000 due to
                                                           --------------------------------    --------------------------------
                                                            VOLUME       RATE       TOTAL       VOLUME       RATE        TOTAL
                                                           --------    --------    --------    --------    --------    --------
                                                                                   (Dollars in thousands)
<S>                                                        <C>         <C>         <C>         <C>         <C>         <C>
INTEREST INCOME
    Loans                                                  $(10,867)   $(32,951)   $(43,818)   $(13,701)   $(10,228)   $(23,929)
    Investment securities (2)
         Taxable                                              2,585      (4,999)     (2,414)      2,229      (2,985)       (756)
         Tax-exempt                                            (632)       (221)       (853)     (1,000)       (191)     (1,191)
                                                           --------    --------    --------    --------    --------    --------
           Total investment securities interest (2)           1,953      (5,220)     (3,267)      1,229      (3,176)     (1,947)
    Interest-bearing deposits with other banks                  (29)       (227)       (256)        195        (301)       (106)
    Federal funds sold and securities
         purchased under agreements to resell                  (836)       (857)     (1,693)      2,075        (145)      1,930
                                                           --------    --------    --------    --------    --------    --------
         TOTAL                                               (9,779)    (39,255)    (49,034)    (10,202)    (13,850)    (24,052)
INTEREST EXPENSE
    Interest-bearing demand deposits                             38      (3,212)     (3,174)        552      (1,084)       (532)
    Savings deposits                                          1,377      (8,354)     (6,977)        (12)     (3,597)     (3,609)
    Time deposits                                           (11,865)    (26,238)    (38,103)      2,443      (4,704)     (2,261)
    Short-term borrowings                                       513      (1,801)     (1,288)    (11,110)     (4,814)    (15,924)
    Long-term borrowings                                      1,145        (271)        874       4,299        (617)      3,682
    Corporation-obligated mandatorily redeemable capital
         securities of subsidiary trust                         139           0         139         N/A         N/A         N/A
                                                           --------    --------    --------    --------    --------    --------
         TOTAL                                               (8,653)    (39,876)    (48,529)     (3,828)    (14,816)    (18,644)
                                                           --------    --------    --------    --------    --------    --------
         NET INTEREST INCOME                               $ (1,126)   $    621    $   (505)   $ (6,374)   $    966    $ (5,408)
                                                           ========    ========    ========    ========    ========    ========
</TABLE>

(1)   Tax equivalent basis was calculated using a 35.0% tax rate.

(2)   Includes both investment securities held-to-maturity and investment
      securities available-for-sale.


2002 ANNUAL REPORT                                                            17
<PAGE>
margin is also influenced by the composition of the earning assets and funding
sources. Reallocation of balances in federal funds sold to higher yielding
investment securities, and the increase in noninterest-bearing deposits
positively impacted the net interest margin in 2002.

      For analytical purposes, a section showing interest income on a tax
equivalent basis is also presented in Table 1. The tax equivalent adjustment
recognizes the income tax savings when comparing taxable and tax-exempt assets
and assumes a 35.0% tax rate for all years presented.

      The amount of net interest income is determined by the volume and mix of
earning assets, the rates earned on such earning assets, and the volume, mix,
and rates paid for the deposits and borrowed money that support the earning
assets. Table 2 describes the extent to which changes in interest rates and
changes in volume of earning assets and interest-bearing liabilities have
affected Bancorp's net interest income on a tax equivalent basis during the
years indicated. The combined effect of changes in volume and rate has been
allocated proportionately to the change due to volume and the change due to
rate. Table 2 should be read in conjunction with the Statistical Information
shown on page 27.

      Nonaccruing loans were included in the daily average loan balances used in
determining the yields in Table 2. Interest foregone on nonaccruing loans is
disclosed in Note 10 of the Notes to Consolidated Financial Statements and is
not considered to have a material effect on the reasonableness of these
presentations. In addition, the amount of loan fees included in the interest
income computation for 2002, 2001, and 2000 was $7,767, $7,541, and $6,622,
respectively.

NONINTEREST INCOME AND NONINTEREST EXPENSES

      A listing of noninterest income and noninterest expenses for 2002, 2001,
and 2000 is reported in Table 3.

NONINTEREST INCOME

      2002 VS. 2001. Excluding securities gains, 2002 noninterest income
increased $2,670 or 4.95% over 2001. This increase was driven by an increase in
gains on sales of mortgage loans, other noninterest income and trust revenue
offset by a decrease in service charges. Service charges on deposit accounts
were lower by $783 or 3.85% partially due to lower nonsufficient fund fees.
Gains from sales of mortgage loans increased $1,503 or 51.3%. Gains on sale of
loans was positively impacted by a low interest rate environment throughout
2002, which increased mortgage lending activity, particularly refinancings.
While mortgage originations were high, Bancorp sold the majority of these loans
while maintaining the servicing and customer relationships. Other noninterest
income increased $1,334 or 8.39% as the result of ongoing insurance revenue and
the sale of third-party mutual funds. Trust fee revenues increased 4.17% over
the same period in 2001 due to improved pricing. The 2002 increase is an
impressive result in a year when equity asset market values have decreased.
Included in other income for the full year of 2002 were impairment charges of
$496 against the mortgage-servicing asset in a valuation reserve. These mortgage
servicing right charges reduced noninterest income and were a result of
increased prepayment speeds on mortgages.

      2001 VS. 2000. Excluding securities gains, 2001 noninterest income
increased $5,578 or 11.5% over 2000. For the same period, service charges on
deposits increased 8.31%, fueled by growth in core deposits and re-pricing of
certain service fees. Trust revenues increased 3.79% due to a revised pricing
structure and new business development. Decreased market values of the
underlying securities held in trust limited the increase in trust revenues.
Gains on the sales of mortgage loans increased to $2,929 from $1,018 in 2000.
Gains on sale of loans increased due to increased mortgage lending activity
driven by a falling interest rate environment and Bancorp's strategy of selling
the majority of the originated mortgage loans. Other noninterest income was up
10.9% as a result of increased insurance agency revenues, sales of third-party
mutual funds, and increased credit insurance sales.

NONINTEREST EXPENSES

      2002 VS. 2001. Noninterest expenses increased $7,558 or 6.05% over 2001.
The category with the most significant increase was salary and employee
benefits. This increase is partially related to increased staff which includes
new income-generating personnel and strengthened administrative staff in the
areas of risk management, loan administration including problem credits, and
financial control. An increase of $946 in health care costs for 2002 versus 2001
also

              TABLE 3 - NONINTEREST INCOME AND NONINTEREST EXPENSES

<TABLE>
<CAPTION>
                                                   2002                  2001                     2000
                                           --------------------    ------------------      -------------------
                                                       % CHANGE                % CHANGE                 % CHANGE
                                                       INCREASE                INCREASE                 INCREASE
                                             TOTAL    (DECREASE)     TOTAL    (DECREASE)     TOTAL     (DECREASE)
                                           ---------    -----      ---------    -----      ---------     -----
                                                                   (Dollars in thousands)
<S>                                        <C>        <C>          <C>        <C>          <C>         <C>
NONINTEREST INCOME
    Service charges on deposit accounts    $  19,565     (3.8%)    $  20,348      8.3%     $  18,786      13.0%
    Trust revenues                            15,385      4.2%        14,769      3.8%        14,230       6.1%
    Gains from sales of mortgage loans         4,432     51.3%         2,929    187.7%         1,018     (66.0%)
    Other                                     17,228      8.4%        15,894     10.9%        14,328      34.1%
                                           ---------               ---------               ---------
         Subtotal                             56,610      4.9%        53,940     11.5%        48,362      10.6%
    Investment securities gains                   89      N/M            302      N/M             39       N/M
                                           ---------               ---------               ---------
         TOTAL                             $  56,699      4.5%     $  54,242     12.1%     $  48,401      10.6%
                                           =========    =====      =========    =====      =========     =====
NONINTEREST EXPENSES
    Salaries and employee benefits         $  71,619     10.1%     $  65,061      2.3%     $  63,606       3.2%
    Net occupancy                              7,973      6.7%         7,475      1.0%         7,402       5.5%
    Furniture and equipment                    7,729     22.1%         6,332     (0.7%)        6,374       1.9%
    Data processing                            7,817      7.8%         7,254    (13.9%)        8,427      11.7%
    Deposit insurance                            609      1.2%           602     11.1%           542      (1.6%)
    State taxes                                1,747     (8.7%)        1,913    (21.3%)        2,432      20.1%
    Amortization of intangibles                  847    (68.0%)        2,650    (18.9%)        3,268     (11.1%)
    Restructuring charge                           0      N/M              0      N/M           (353)      N/M
    Other                                     34,171      1.5%        33,667     27.9%        26,320       0.8%
                                           ---------               ---------               ---------
         TOTAL                             $ 132,512      6.0%     $ 124,954      5.9%     $ 118,018      (3.1%)
                                           =========    =====      =========    =====      =========     =====
</TABLE>

N/M = Not meaningful

18                                                       FIRST FINANCIAL BANCORP
<PAGE>
contributed to a rise in salary and employee benefit expense. Higher overtime
expenses related to the data processing conversions also contributed to an
increase in this category. Additionally, personnel efficiencies were not fully
recognized in 2002 as it was the primary year of transition in regard to Project
Renaissance. Bancorp expects to recognize these efficiencies in 2003. Net
occupancy expenses increased due to routine maintenance and increased property
tax. Furniture and equipment expenses were higher as a result of increased lease
expense associated with new personal computer equipment. A portion of the
increase in other expenses was related to increased credit and collection and
legal expenses associated with credit-quality issues. The significant decrease
in amortization expense is due to goodwill no longer being amortized per new
statements of financial accounting standards effective January 1, 2002.

      Project Renaissance expenses for 2002 impacted the noninterest expense
categories of furniture and equipment, data processing, and other noninterest
expense. The total of these expenses was approximately $4,063 on a pre-tax
basis, the majority of which were recorded in the "other" category.

      2001 VS. 2000. Bancorp's 2001 salaries and employee benefits, net
occupancy and furniture and equipment increased moderately as shown in Table 3,
as Bancorp realized savings associated with the 2000 in-market consolidation of
two affiliates, First Financial Bank and Home Federal Bank. Data processing
decreased as a result of the in-market consolidation and the initial positive
effects of Project Renaissance.

      Total Project Renaissance expenses in 2001 were $4,880 related to salaries
and employee benefits, equipment disposals, and early termination of certain
data processing agreements. The majority of the Project Renaissance expenses
were recorded in the "other" category resulting in the 27.9% increase in the
category over 2000. Of the $4,880 recognized in 2001, $3,867 was recorded in the
fourth quarter of 2001.

      The efficiency ratio (noninterest expenses as a percentage of noninterest
income, excluding securities transactions, plus net interest income) reflects
how much, on average, an institution expends to generate each dollar of revenue.
Bancorp's efficiency ratio was 60.4%, 57.6%, and 54.6%, for 2002, 2001, and
2000, respectively.

INCOME TAXES

      Bancorp's tax expense in 2002 totaled $22,535 compared to $22,131 in 2001
and $28,740 in 2000, resulting in effective tax rates of 31.8%, 33.8%, and 33.0%
in 2002, 2001, and 2000, respectively. The decrease in 2002's effective tax rate
is primarily due to an increase in tax-exempt income through investments and
bank owned life insurance. The 2001 effective tax rate increased slightly,
primarily as a result of less tax-exempt interest income.

      Further analysis of income taxes is presented in Note 14 of the Notes to
Consolidated Financial Statements.

LOANS

      Loans, net of unearned income, decreased $124,161 or 4.32% during 2002
with average balances declining 4.46%. The greatest contributing factor to the
decline in average loan balances was a planned reduction in residential real
estate loans. Residential real estate loan demand remained high due to
refinancing activity into lower fixed-rate mortgages. However, during what was
thought to be a low point in the interest rate cycle, Bancorp's strategy was to
sell a majority of these mortgage loans while retaining the servicing and
customer relationships. Subsequent to the Federal Reserve's last interest rate
cut in November 2002, Bancorp modified this approach. In 2003, Bancorp expects
to retain more residential real estate loans while appropriately managing
interest rate risk and the overall loan portfolio mix. An uncertain economy
throughout 2002 created less loan demand in all loan categories exclusive of
residential real estate. Bancorp experienced the effects of an uncertain economy
not only through loan demand, but also through elevated credit risk in the
current portfolio. This uncertainty also flows through to the underwriting
process in Bancorp's overall risk assessment of new credits. Installment loan
balances were impacted by competitive pricing from automobile manufacturers and
the increased use of mortgage refinancings to consolidate consumer debt.
Leasing, while one of Bancorp's smaller lines of business, declined as Bancorp
placed less emphasis on the low profit margin automobile leasing business.

      Total loans, net of unearned income, declined $135,817 or 4.52% during
2001, and average loan balances were down 5.07%. A slowing economy in the last
half of 2001 impacted loan demand. Lower loan balances were also a result of
Bancorp's plan to hold fewer real estate loans. While residential real estate
loan demand remained high in 2001 due to refinancing activity into lower
fixed-rate loans, Bancorp's strategy in 2001, given a lower point in the
interest rate cycle, was to sell a majority of these mortgage loans while
retaining the servicing and customer relationships.

      Bancorp's loans cover a broad range of borrowers characterizing the
western Ohio, southern Michigan, northern Kentucky, and Indiana markets. There
were no loan concentrations of multiple borrowers in similar activities at
December 31, 2002, which exceeded 10.0% of total loans.

      Bancorp's subsidiaries consist of community banks dedicated to meeting the
financial needs of individuals and businesses living and operating in the
communities they serve. Bancorp's loan portfolio is therefore primarily composed
of residential and commercial real estate mortgage loans, commercial loans, and
installment loans.

      At December 31, 2002, real estate mortgage loans composed 49.8% of
Bancorp's total loan portfolio and installment loans composed another 20.3% of
the total loan portfolio. Commercial loans equaled 25.1% of the total portfolio;
and real estate construction, credit card lending, and lease financing made up
the remaining 4.80% of the portfolio. In 2002 end-of-period commercial loans
decreased $114,027 or 14.2% from 2001 to 2002 partially due to a
reclassification of approximately $70,000 from commercial loans to real estate
loans. Prior periods were not restated due to its immateriality to the total
balance sheet and total loans. Real estate mortgage loans increased $21,972 or
1.63% for the same period.

      At December 31, 2001, real estate mortgage loans composed 46.8% of
Bancorp's total loan portfolio and installment loans composed another 20.5% of
the total loan portfolio. Commercial loans equaled 28.0% of the total portfolio;
and real estate construction, credit card lending, and lease financing made up
the remaining 4.70% of the portfolio. In 2001, Bancorp continued to adjust its
mix of loans slightly by targeting growth in commercial loans and reducing the
level

                            TABLE 4 - LOAN PORTFOLIO

<TABLE>
<CAPTION>
                                                         DECEMBER 31,
                              ------------------------------------------------------------------
                                 2002          2001         2000           1999          1998
                              ----------    ----------    ----------    ----------    ----------
                                                    (Dollars in thousands)
<S>                           <C>           <C>           <C>           <C>           <C>
Commercial                    $  690,656    $  804,683    $  787,436    $  769,454    $  689,524
Real estate - construction        89,674        75,785        97,571       111,458        74,205
Real estate - mortgage         1,368,207     1,346,235     1,438,339     1,467,591     1,306,065
Installment                      556,975       588,549       618,489       623,091       537,156
Credit card                       22,068        22,846        24,182        22,408        21,306
Lease financing                   21,031        36,139        46,068        46,508        29,212
                              ----------    ----------    ----------    ----------    ----------
    TOTAL                     $2,748,611    $2,874,237    $3,012,085    $3,040,510    $2,657,468
                              ==========    ==========    ==========    ==========    ==========
</TABLE>


2002 ANNUAL REPORT                                                            19

<PAGE>
                    TABLE 5 - LOAN MATURITY/RATE SENSITIVITY

<TABLE>
<CAPTION>
                                                    DECEMBER 31, 2002
                                                        Maturity

                                                  AFTER ONE
                                   WITHIN        BUT WITHIN       AFTER
                                  ONE YEAR       FIVE YEARS     FIVE YEARS         TOTAL
                                  --------       ----------     ----------         -----
                                                    (Dollars in thousands)
<S>                               <C>            <C>            <C>               <C>
Commercial                        $375,768        $178,142        $136,746        $690,656
Real estate - construction          78,177          11,187             310          89,674
                                  --------        --------        --------        --------
        TOTAL                     $453,945        $189,329        $137,056        $780,330
                                  ========        ========        ========        ========
</TABLE>

<TABLE>
<CAPTION>
                                        Sensitivity to changes in interest rates

                                               PREDETERMINED    VARIABLE
                                                   RATE           RATE
                                                   ----           ----
                                                  (Dollars in thousands)
<S>                                            <C>              <C>
Due after one year but within five years        $ 69,769        $119,560
Due after five years                              82,639          54,417
                                                --------        --------
        TOTAL                                   $152,408        $173,977
                                                ========        ========
</TABLE>

of mortgage loans. End-of-period commercial loans increased $17,247 or 2.19%
from 2000 to 2001. Real estate mortgage loans decreased $92,104 or 6.40% for the
same period.

       Real estate mortgage loans are generally considered to be the safest loan
investments because of the real estate securing the loans. Installment loans
include unsecured loans, second mortgage loans, secured lines of credit, secured
and unsecured home improvement loans, automobile loans, student loans, and loans
secured by savings, stocks, or life insurance. Bancorp subsidiaries offer a wide
variety of commercial loans, including small-business loans, agricultural loans,
equipment loans, and lines of credit.

       Subject to Bancorp guidelines and policy, credit underwriting and
approval occur within the subsidiary originating the loan. Bancorp has
established individual affiliate house lending limits to handle the majority of
customer requests in a timely manner at each subsidiary. Loan applications for
principal amounts greater than a designated amount, which varies by subsidiary,
require Bancorp approval. Any plans to purchase or sell a participation in a
loan also require Bancorp approval.

       Bancorp subsidiaries receive requests to renew maturing loans as a normal
part of business. Such requests are especially common with commercial loans and
with real estate loans that are scheduled to mature before being fully
amortized. The requests are reviewed by the subsidiary's loan committee or by
designated loan personnel, as appropriate, and may be approved, approved with
modifications, or denied. Required modifications may include, among other items,
a reduction in the loan balance, a change in the interest rate, an increase in
collateral, or the initiation of monthly principal payments.

       Table 5 indicates the contractual maturity of commercial loans and real
estate construction loans outstanding at December 31, 2002. Loans due after one
year are classified according to their sensitivity to changes in interest rates.

ASSET QUALITY

       Bancorp's subsidiaries record a provision for loan losses (provision) in
the Consolidated Statements of Earnings to provide for expected credit losses.
Actual losses on loans and leases are charged against the allowance for loan
losses (allowance), which is a reserve accumulated on the Consolidated Balance
Sheets through the provision. The recorded values of the loans and leases
actually removed from the Consolidated Balance Sheets are referred to as
charge-offs and, after netting out recoveries on previously charged-off assets,
become net charge-offs. Bancorp's policy is to charge-off loans when, in
management's opinion, collection of principal is in doubt. All loans charged-off
are subject to continuous review and concerted efforts are made to maximize
recovery.

       Management records the provision in amounts sufficient to result in an
allowance that will cover risks believed to be inherent in the loan portfolio of
each subsidiary. Management's evaluation in establishing the provision includes
such factors as historical loss and recovery experience, estimated future loss
for loans, known deterioration in loans, periodic external loan evaluations,
prevailing economic conditions that might have an impact on the portfolio,
lending personnel experience and changes, lending strategies, and ratios of
delinquent and nonaccrual loans. The evaluation is inherently subjective as it
requires material

                         TABLE 6 - NONPERFORMING ASSETS

<TABLE>
<CAPTION>
                                                                                 DECEMBER 31,
                                                    2002            2001            2000           1999            1998
                                                    ----            ----            ----           ----            ----
                                                                           (Dollars in thousands)
<S>                                               <C>             <C>             <C>             <C>             <C>
Nonaccrual loans                                  $21,456         $24,628         $17,346         $11,283         $7,481
Restructured loans                                  5,375           1,291             265           2,244            691
Other real estate owned (OREO)                      2,792           2,338           1,075           1,707            221
                                                  -------         -------         -------         -------         ------
        TOTAL NONPERFORMING ASSETS                $29,623         $28,257         $18,686         $15,234         $8,393
                                                  =======         =======         =======         =======         ======

Nonperforming assets as a percent of total
  loans plus OREO                                    1.08%           0.98%           0.62%           0.50%          0.32%

Accruing loans past due 90 days or more           $ 6,818         $ 4,728         $ 2,414         $ 2,777         $2,923
</TABLE>


20                                                       FIRST FINANCIAL BANCORP
<PAGE>
     TABLE 7 - SUMMARY OF ALLOWANCE FOR LOAN LOSSES AND SELECTED STATISTICS

<TABLE>
<CAPTION>
                                                         2002            2001           2000            1999            1998
                                                         ----            ----           ----            ----            ----
                                                                                (Dollars in thousands)
<S>                                                    <C>             <C>             <C>             <C>             <C>
Transactions in the allowances for loan losses:

Balance at January 1                                   $46,784         $39,349         $39,340         $34,800         $31,660
Loans charged-off
   Commercial                                            7,865          13,573           6,439           4,120           4,022
   Real estate - construction                                0               5              32               0               0
   Real estate - mortgage                                1,821           2,096           1,098             325             352
   Installment and other consumer financing              8,340           7,450           5,881           4,484           3,720
   Lease financing                                       1,847             508             194             432             293
                                                       -------         -------         -------         -------         -------
        Total loans charged-off                         19,873          23,632          13,644           9,361           8,387

Recoveries of loans previously charged-off
   Commercial                                            2,849             766             620           2,340           1,541
   Real estate - construction                                0               0               0               0               0
   Real estate - mortgage                                  440             549             191              79              99
   Installment and other consumer financing              1,742           1,440           1,474           1,114             800
   Lease financing                                          61              37              68              36              34
                                                       -------         -------         -------         -------         -------
        Total recoveries                                 5,092           2,792           2,353           3,569           2,474
                                                       -------         -------         -------         -------         -------
        Net charge-offs                                 14,781          20,840          11,291           5,792           5,913
Allowance acquired through mergers                           0           1,462               0               0             806
Provision for discontinued product line                      0               0               0           1,100               0
Provision for loan losses                               16,174          26,813          11,300           9,232           8,247
                                                       -------         -------         -------         -------         -------
        BALANCE AT DECEMBER 31                         $48,177         $46,784         $39,349         $39,340         $34,800
                                                       =======         =======         =======         =======         =======
Ratios
   Net charge-offs as a percent of:
      Average loans outstanding                           0.53%           0.71%           0.37%           0.20%           0.24%
      Provision                                          91.39%          77.72%          99.92%          62.74%          71.70%
      Allowance                                          30.68%          44.55%          28.69%          14.72%          16.99%
   Allowance as a percent of:
        Year-end loans, net of unearned income            1.75%           1.63%           1.31%           1.30%           1.31%
</TABLE>


             TABLE 8 - ALLOCATION OF THE ALLOWANCE FOR LOAN LOSSES

<TABLE>
<CAPTION>
                                                           DECEMBER 31,
                             -----------------------------------------------------------------------

                                      2002                   2001                    2000
                             ----------------------  ----------------------  ----------------------
                                                                              (Dollars in thousands)
                                         PERCENT OF             PERCENT OF              PERCENT OF
                                          LOANS TO               LOANS TO                LOANS TO
                             ALLOWANCE  TOTAL LOANS  ALLOWANCE  TOTAL LOANS  ALLOWANCE  TOTAL LOANS
                             ---------  -----------  ---------  -----------  ---------  -----------
<S>                          <C>        <C>          <C>        <C>          <C>        <C>
Balance at end of
period applicable to:
Commercial                    $15,729        25%      $12,210        28%      $11,061        26%
Real estate - construction         43         3%          445         3%          376         3%
Real estate - mortgage         13,702        50%       15,431        47%        8,853        48%
Installment and credit card    11,276        21%       11,804        21%       11,399        21%
Lease financing                   441         1%          921         1%          756         2%
Unallocated                     6,986       N/A%        5,973       N/A         6,904       N/A
                              -------       ---       -------       ---       -------       ---
        TOTAL                 $48,177       100%      $46,784       100%      $39,349       100%
                              =======       ===       =======       ===       =======       ===
</TABLE>

<TABLE>
<CAPTION>
                                              DECEMBER 31,
                             -----------------------------------------------
                                     1999                     1998
                              ----------------------  ----------------------
                                         PERCENT OF              PERCENT OF
                                          LOANS TO                LOANS TO
                              ALLOWANCE  TOTAL LOANS  ALLOWANCE  TOTAL LOANS
                              ---------  -----------  ---------  -----------
<S>                           <C>        <C>          <C>        <C>
Balance at end of
period applicable to:
Commercial                     $ 8,221       25%      $ 9,909        26%
Real estate - construction         470        4%          910         3%
Real estate - mortgage           8,798       48%        5,395        49%
Installment and credit card     10,978       21%        9,750        21%
Lease financing                    477        2%          630         1%
Unallocated                     10,396      N/A         8,206       N/A
                               -------      ---       -------       ---
        TOTAL                  $39,340      100%      $34,800       100%
                               =======      ===       =======       ===
</TABLE>

2002 ANNUAL REPORT                                                            21
<PAGE>
estimates, including the amounts and timing of future cash flows expected to be
received on impaired loans that may be susceptible to significant change. The
evaluation of these factors is completed by a group of senior officers from the
financial and lending areas.

       The allowance for commercial loans, including time and demand notes, tax
exempt loans, commercial real estate, and commercial capital and operating
leases begins with a process of estimating the probable losses inherent in the
portfolio. The estimates for these commercial loans are established by category
and based on Bancorp's internal system of credit risk ratings, historical loss
data, and the estimated average expected life of the portfolio.

       The estimate of losses inherent in the commercial portfolio may then be
adjusted for management's estimate of probable losses on specific exposures as
well as trends in delinquent and nonaccrual loans and other factors such as
prevailing economic conditions, lending personnel experience and changes,
lending strategies and other influencing factors as discussed earlier in the
Asset Quality section. In the commercial portfolio, certain loans where more
specific information is available, typically larger-balance non-homogeneous
exposures, a specific allowance may be established based on the borrower's
overall financial condition, resources and payment record, support from
guarantors, and the realizable value of any collateral.

       The allowance for consumer loans which includes retail real estate,
installment, home equity, credit card, consumer leasing, overdrafts, and student
loans is established for each of the categories listed by estimating losses
inherent in that particular category of consumer loans. The estimate of losses
is based on historical loss rates and the estimated average life or contractual
maturity of each portfolio. Consumer loans are evaluated as a group within
category (i.e., retail real estate, installment, etc.) because these loans are
smaller and homogeneous.

       The unallocated portion of the allowance consists partially of dollar
amounts specifically set aside for each of the overall factors influencing the
allowance. These factors include national and economic factors, concentrations
in market segments, lending personnel experiences and changes, lending
strategies, personnel underwriting, ratio trends, and other factors not already
accounted for in the allowance estimates. Establishing percentages for these
factors is largely subjective, but is supported by economic data, supporting
dated material for changes made in lending functions and other support where
appropriate.

       The level of nonaccrual and restructured loans and leases is an important
element in assessing asset quality. Loans are classified as nonaccrual when, in
the opinion of management, collection of interest is doubtful. Loans are
classified as restructured when management, to protect its investment, grants
concessions to the debtor that it would not otherwise consider. Another element
associated with asset quality is Other Real Estate Owned (OREO). OREO primarily
represents properties acquired by Bancorp's subsidiaries through loan defaults
by customers. See Table 6 for a summary of Bancorp's nonaccrual and restructured
loans and OREO properties.

       A slowing economy in the last half of 2001, which continued throughout
2002, negatively impacted asset quality for much of the financial industry
including Bancorp. Total nonperforming assets, as shown in Table 6, increased
from $28,257 at December 31, 2001, to $29,623 at December 31, 2002.
Nonperforming assets consist of nonaccrual loans, restructured loans and other
real estate owned. In comparing December 31, 2002, with December 31, 2001,
nonaccrual loans decreased $3,172, restructured loans increased $4,084, and
other real estate owned increased $454. The nonperforming assets do not consist
of a concentration in any particular industry. The decrease in nonaccrual loans
in 2002 was a result of Bancorp's efforts to work through problem credits. As
nonaccrual loans were addressed, certain loans were rewritten and are now
classified as restructured loans which accounts for the significant increase in
restructured loans from 2001 to 2002. Additionally OREO remained at elevated
levels in 2002 as Bancorp worked through problem credits and acquired more
property through customer loan defaults.

       As Bancorp has worked problem credits out of its portfolio, additional
credits have been moved into nonperforming. In the fourth quarter of 2001,
Bancorp classified one agricultural credit of approximately $6,900 as
nonperforming. This credit was paid off in 2002 and resulted in a charge-off of
$2,500.

        Net charge-offs of $14,781 in 2002 decreased $6,059 from 2001,
decreasing their percentage to average loans to 0.53% in 2002 from 0.71% in 2001
as shown in Table 7. Commercial loans charged off increased significantly from
2000 to 2001 as a result of worsening economic factors in the Midwest and credit
issues at Community First Bank & Trust. In 2002 commercial charge-offs decreased
substantially as credit issues stabilized compared with 2001. Installment and
other consumer financing charge-offs continued to increase in 2002 as

                         TABLE 9 - INVESTMENT SECURITIES

<TABLE>
<CAPTION>
                                                                           DECEMBER 31, 2002
                                                                                Maturing

                                                                AFTER ONE BUT           AFTER FIVE BUT
                                      WITHIN ONE YEAR         WITHIN FIVE YEARS        WITHIN TEN YEARS         AFTER TEN YEARS
                                      ---------------         -----------------        ----------------         ---------------
                                   AMOUNT      YIELD (1)    AMOUNT      YIELD (1)    AMOUNT      YIELD (1)    AMOUNT    YIELD (1)
                                   ------      ---------    ------      ---------    ------      ---------    ------    ---------
                                                                     (Dollars in thousands)
<S>                              <C>          <C>          <C>         <C>          <C>          <C>          <C>       <C>
HELD-TO-MATURITY
Mortgage-backed securities(2)    $      3         9.98%    $    402        7.13%    $  1,118         9.90%    $    702       5.70%
Obligations of state and other
   political subdivisions           1,360         7.45%      13,207        8.67%       2,475         9.00%       2,214       7.80%
Other securities                       90         8.30%           0        0.00%           0         0.00%           0       0.00%
                                 --------                  --------                 --------                  --------
         TOTAL                   $  1,453         7.51%    $ 13,609        8.62%    $  3,593         9.28%    $  2,916       7.29%
                                 ========     ========     ========    ========     ========     ========     ========   ========
AVAILABLE-FOR-SALE
Securities of other U.S.
   government agencies
   and corporations              $ 18,299         3.50%    $114,545        3.70%    $  2,252         6.85%    $    287       2.82%
Mortgage-backed securities(2)       1,909         6.34%       6,559        4.09%      43,055         4.81%     254,273       5.82%
Obligations of state and other
   political subdivisions           4,703         8.07%      23,530        7.89%      28,185         7.90%      63,770       7.59%
Other securities                        0         0.00%         317        5.75%         235         6.35%      43,426       5.37%
                                 --------                  --------                 --------                  --------
         TOTAL                   $ 24,911         4.58%    $144,951        4.40%    $ 73,727         6.06%    $361,756       6.08%
                                 ========     ========     ========    ========     ========     ========     ========   ========
</TABLE>

----------
(1)  Tax equivalent basis was calculated using a marginal federal income tax
     rate of 35.0%.

(2)  18.1% of the mortgage-backed securities maturing after five years are
     variable rate.


22                                                       FIRST FINANCIAL BANCORP
<PAGE>
economic conditions, including record levels of bankruptcies, affected Bancorp's
markets. Bancorp anticipates that this consumer trend will stabilize in 2003 in
regard to its portfolio. However the future effect of the uncertain economy and
geopolitical climate is difficult to predict. As charge-offs have increased over
the periods presented, there are more opportunities for recoveries of loans
previously charged off. Bancorp has focused on these opportunities, resulting in
increased recoveries in 2002. The $2,849 in commercial recoveries in 2002
include a single recovery of $1,432. The allowance at December 31, 2002, was
$48,177 or 1.75% of loans, net of unearned income, an increase from the 1.63%
reported for 2001. Provision for loan loss expense of $16,174 was $10,639 less
in 2002 than in 2001. The provision for loan loss expense was significantly less
based on Bancorp's efforts to work through problem credits and a significant
reduction in net charge-offs. Overall, it is management's belief that the
allowance for loan losses is adequate to absorb estimated probable credit
losses.

       In 2001, total nonperforming assets increased 51.2% from $18,686 at
year-end 2000 to $28,257 at year-end 2001. Net charge-offs increased to 0.71%
from 0.37% of total average loans as shown in Table 7. During 2001, Bancorp
increased its provision for loan losses 137% to $26,813 from $11,300 in 2000.
The increase in provision expense in 2001 from 2000 was necessary as a result of
an uncertain economy, particularly in the Midwest markets Bancorp serves and
credit quality issues at Bancorp's Community First Bank & Trust subsidiary.
Agriculture- and manufacturing-related loans at certain Bancorp affiliates also
contributed to the increase. The allowance at December 31, 2001, was $46,784 or
1.63% of loans, net of unearned income, which compares to $39,349 or 1.31% of
loans, net of unearned income, at December 31, 2000. In comparing December 31,
2001, with December 31, 2000, nonaccrual loans increased $7,282, restructured
loans increased $1,026, other real estate owned increased $1,263, and accruing
loans past due 90 days or more increased $2,314.

       Nonaccrual and restructured loans and leases and OREO are discussed or
summarized in Notes 1 and 10 of the Notes to Consolidated Financial Statements.

INVESTMENT SECURITIES

       Bancorp's investment securities increased $10,422 or 1.69% during 2002 to
a balance of $626,912. Similarly in 2001, investment securities increased
$26,928 or 4.57%. Bancorp follows a conservative investment policy, investing
primarily for liquidity management purposes and interest rate risk management.

       Securities issued by U.S. government agencies and corporations, primarily
the Federal Home Loan Bank (FHLB), Federal Home Loan Mortgage Corporation
(FHLMC), Federal National Mortgage Association (FNMA), Student Loan Marketing
Association (SLMA), and Federal Farm Credit Bank represented 21.6% of the
investment portfolio at December 31, 2002, and 16.0% at year-end 2001. One
structured note was included in the U.S. government agencies and corporations
securities category at December 31, 2002, with a book value of $3,567. There
were no structured notes included in the U.S. government agencies and
corporations securities category at December 31, 2001. All U.S. government
agencies and corporations securities were classified as available-for-sale at
December 31, 2002 and 2001, and are available for liquidity management purposes.
Due to the government guarantees, either expressed or implied, U.S. government
agency and corporation obligations are considered to have low credit risk and
high liquidity.

       Investments in mortgage-backed securities (MBSs), including
collateralized mortgage obligations (CMOs), composed 49.1% and 53.5% of the
investment portfolio at December 31, 2002 and 2001, respectively. MBSs represent
participations in pools of mortgage loans, the principal and interest payments
of which are passed to the security investors. MBSs are subject to prepayment
risk, especially during periods of decreasing interest rates. Prepayments of the
underlying mortgage loans may shorten the lives of the securities, thereby
affecting yields to maturity and market values. Bancorp invests primarily in
MBSs issued by U.S. government agencies and corporations, such as FHLMC, FNMA,
and the Government National Mortgage Association (GNMA). Such securities,
because of government agency guarantees, are considered to have low credit risk
and high liquidity. Accordingly, about 99.0% of Bancorp's MBSs are classified as
available-for-sale.

       CMOs total $42,461 at December 31, 2002, and $71,503 at December 31,
2001, all of which were classified as available-for-sale. All of the CMOs held
by Bancorp are rated AAA by Standard & Poor's Corporation or similar rating
agencies. Bancorp did not own any interest-only securities, principal-only
securities, or inverse floaters. At December 31, 2002, Bancorp owned accrual
bonds with a book value of $2,295.

       Securities of state and other political subdivisions composed 22.2% of
Bancorp's investment portfolio at December 31, 2002, and 23.8% at year-end 2001.
The securities are diversified as to states and issuing authorities within
states, thereby decreasing portfolio risk. About 86.2% of such investments at
December 31, 2002, and 88.0% at December 31, 2001, were classified as
available-for-sale.

       The remaining 7.10% and 6.70% of Bancorp's investment portfolio at
December 31, 2002 and 2001, respectively, termed "other securities," was
primarily composed of stock ownership in the Indianapolis and Cincinnati
District Federal Home Loan Banks, the Federal Reserve Bank, and in taxable
obligations of state and other political subdivisions.

       Table 9 sets forth the maturities of investment securities
held-to-maturity and investment securities available-for-sale as of December 31,
2002, and the average yields of such securities calculated on the basis of the
cost and effective yields weighted for the scheduled maturity of each security.
Tax equivalent adjustments, using a 35.0% rate, have been made in calculating
yields on tax-exempt obligations of state and other political subdivisions.

       At December 31, 2002, the market value of Bancorp's held-to-maturity
investment securities portfolio exceeded the carrying value by $526. The
available-for-sale investment securities are reported at their market value of
$605,345, as required by SFAS No. 115, "Accounting for Certain Investments in
Debt and Equity Securities." At December 31, 2001, the market value of Bancorp's
held-to-maturity investment securities portfolio exceeded the carrying value by
$657. The available-for-sale investment securities are reported at their market
value of $595,600. See Note 9 of the Notes to Consolidated Financial Statements
for additional information.

       Bancorp's federal funds sold and securities purchased under agreements to
resell increased from $3,381 at December 31, 2001, to $28,291 at December 31,
2002. Bancorp monitors this position as part of its asset/liability management.

DERIVATIVES

       In 2002, Bancorp began utilizing interest rate swap agreements to assist
in effectively modifying its exposure to interest rate risk by converting
certain fixed rate assets to a floating rate. The use of these interest rate
swaps allows Bancorp's subsidiary banks to offer long-term fixed rate loans to
commercial borrowers. The interest rate swaps allow Bancorp to convert the fixed
interest rate to a variable rate that better suits its funding position. The
swap agreements involve the receipt of floating rate amounts in exchange for
fixed interest payments over the life of the agreements without an exchange of
the underlying principal amount. As of December 31, 2002, Bancorp had interest
rate swaps with a notional value of $5,012.

DEPOSITS AND BORROWINGS

       Bancorp's subsidiaries solicit deposits by offering a wide variety of
savings and transaction accounts, including checking accounts, regular savings
accounts, money market deposit accounts, and time deposits of various maturities
and rates.

       Total ending deposits for 2002 decreased $162,659 or 5.27%. This decrease
is due largely to time deposits decreasing $177,643 or 11.8%. Bancorp believes a
portion of the decrease is due to the historically low rate environment.
Additionally, Bancorp's funding and pricing strategies resulted in planned
runoff in this category. Savings deposits increased $58,696 or 7.50% in 2002.
Bancorp believes that a portion of the increase in savings is attributable to
customers seeking FDIC-insured liquid investment alternatives in this low rate
environment.

       Total average deposits for 2002 decreased $160,191 or 5.15% over 2001 due
solely to the decrease in time deposits. Other average deposit categories
increased over 2001 as follows: savings increased by $74,654 or 9.74%,
noninterest-bearing increased $8,175 or 2.05%, and interest-bearing demand
deposits increased $1,897 or 0.63%.

       Total deposits decreased $66,335 or 2.10% in 2001. Comparing Bancorp's
totals at December 31, 2001, and 2000, interest-bearing deposits decreased
$94,787 and noninterest-bearing demand deposits increased $28,452.


2002 ANNUAL REPORT                                                            23
<PAGE>
                     TABLE 10 - MATURITIES OF TIME DEPOSITS
                        GREATER THAN OR EQUAL TO $100,000

                                DECEMBER 31, 2002
                             (Dollars in thousands)


<TABLE>
<S>                                                                <C>
CERTIFICATES OF DEPOSIT
Maturing in
  3 months or less                                                 $ 88,634
  3 months to 6 months                                               42,581
  6 months to 12 months                                              52,014
  over 12 months                                                     59,576
                                                                   --------
        TOTAL                                                      $242,805
                                                                   ========

IRAS
Maturing in
  3 months or less                                                 $  7,555
  3 months to 6 months                                                7,186
  6 months to 12 months                                               9,339
  over 12 months                                                     34,784
                                                                   --------
        TOTAL                                                      $ 58,864
                                                                   ========
</TABLE>

     Total average deposits for 2001 increased $62,912 or 2.06% over 2000. The
increase is due to an 8.88% increase in interest-bearing demand deposits and a
2.73% increase in time deposits. All other deposit categories remained
relatively flat.

     Table 10 shows the contractual maturity of time deposits of $100 and over
that were outstanding at December 31, 2002. These deposits represented 10.3% of
total deposits.

     Short-term borrowings increased to $95,180 at December 31, 2002, from
$93,452 at December 31, 2001. Short-term borrowings decreased from $146,568 at
December 31, 2000, to $93,452 at December 31, 2001.

     Long-term borrowings increased $29,706 to $290,051 at the end of 2002.
Likewise, the 2001 year-end balance was $55,129 greater than the 2000 year-end
balance of $205,216. The increase in long-term borrowings is associated with
ongoing asset/liability management strategies that take into account the timing
of maturities of assets and liabilities among many other factors.

     The corporation-obligated mandatorily redeemable capital securities (the
"capital securities") of subsidiary trust, which appears on the balance sheet,
are commonly known as Trust Preferred Securities. The subsidiary trust holds
solely the junior subordinated debt securities of Bancorp (the "debentures").
The capital securities were issued in third quarter 2002 by a statutory business
trust -- First Financial (OH) Statutory Trust I, of which 100% of the common
equity of the trust is owned by Bancorp. The trust was formed with the sole
purpose of issuing the capital securities and investing the proceeds from the
sale of such capital securities in the debentures. The debentures held by the
trust are the sole assets of the trust. Distributions on the capital securities
are payable quarterly at a variable rate of interest, which is equal to the
interest rate being earned by the trust on the debentures, and are recorded as
interest expense of Bancorp. The capital securities are subject to mandatory
redemption, in whole or in part, upon repayment of the debentures. Bancorp has
entered into agreements which, taken collectively, fully or unconditionally
guarantee the capital securities subject to the terms of the guarantees.

     The debentures qualify as Tier I capital under Federal Reserve Board
guidelines and are first redeemable, in whole or in part, by Bancorp on
September 25, 2007, and mature on September 25, 2032. The amount outstanding,
net of offering costs, as of December 31, 2002, is $10,000. These funds were
used to repurchase Bancorp stock and for other corporate purposes and as a means
to diversify funding sources at the parent company level. See Note 13 of the
Notes to Consolidated Financial Statements for additional information on
borrowings.

LIQUIDITY

       Liquidity management is the process by which Bancorp ensures that
adequate liquid funds are available for the corporation and its subsidiaries.
These funds are necessary in order for Bancorp and its subsidiaries to meet
financial commitments on a timely basis. These commitments include withdrawals
by depositors, funding credit obligations to borrowers, paying dividends to
shareholders, paying operating expenses, funding capital expenditures, and
maintaining deposit reserve requirements. Liquidity is monitored and closely
managed by the asset/liability committees at Bancorp's subsidiaries and by
Bancorp's holding company asset/liability committee.

     Liquidity may be used to fund capital expenditures. Capital expenditures
were $3,276 for 2002 and $8,111 for 2001. Capital expenditures planned for the
year 2003, consisting primarily of banking centers, are estimated to be $10,300.

     Bancorp subsidiaries' source of funding is predominantly deposits within
each of their respective market areas. The deposit base is diversified among
individuals, partnerships, corporations, and public entities. This
diversification helps Bancorp avoid dependence on large concentrations of funds.

     Liquidity is derived primarily from core deposit growth, principal payments
received on loans and investment securities, the sale and maturation of
investment securities, net cash provided by operating activities, and access to
other funding sources. The most stable source of liability-funded liquidity for
both the long-term and short-term is deposit growth and retention in the core
deposit base. In addition, Bancorp utilizes advances from the Federal Home Loan
Bank (FHLB) as a funding source. At December 31, 2002 and 2001, total borrowings
from the FHLB were $290,051 and $260,345, respectively.

       Bancorp's bank subsidiaries have pledged certain mortgage loans and
certain investments to the FHLB. The total available remaining borrowing
capacity from the FHLB at December 31, 2002, was $269,678. The principal source
of asset-funded liquidity is investment securities classified as
available-for-sale, the market values of which totaled $605,345 at December 31,
2002, an increase of $9,745 or 1.64% over 2001. Securities classified as
held-to-maturity that are maturing within a short period of time can also be a
source of liquidity. Securities classified as held-to-maturity and that are
maturing in one year or less totaled $1,453 at December 31, 2002. In addition,
other types of assets - such as cash and due from banks, federal funds sold and
securities purchased under agreements to resell, and loans and interest-bearing
deposits with other banks maturing within one year - are sources of liquidity.

       Certain restrictions exist regarding the ability of Bancorp's
subsidiaries to transfer funds to Bancorp (see Note 6 of the Notes to
Consolidated Financial Statements). Management is not aware of any other events
or regulatory requirements which, if implemented, are likely to have a material
effect on Bancorp's liquidity. Bancorp has secured a $50,000 line of credit with
another financial institution. This line provides additional liquidity for
Bancorp for various corporate activities. The outstanding balance was $30,500 as
of December 31, 2002, and $23,500 as of December 31, 2001. The outstanding
balance of this line varies throughout the year depending on Bancorp's cash
needs. The average outstanding balance was $27,163 for 2002 and $14,210 for
2001.

INTEREST RATE SENSITIVITY

       Table 11 details the maturities and yields of interest-bearing financial
instruments at December 31, 2002, for the next five years and thereafter. Also
included with each category is the fair value of those instruments. The values
represent the contractual maturity of each instrument. For loan instruments
without contractual maturities, such as credit card loans, management has
allocated principal payments based upon historical trends of payment activity.
Where there is no set maturity, as in the case of some interest-bearing
liabilities, management has allocated the amounts based upon its expectation of
cash flows, incorporating internal core deposit studies, and current
expectations of customer behavior. For loans, securities, and liabilities with
contractual maturities, the table presents principal cash flows and related
weighted-average interest rates by contractual maturities.

       The data in Table 11 was aggregated by type of financial instrument:
fixed and variable rate loans, fixed and variable rate investments, other
earning assets, fixed and variable rate deposits, and other fixed and variable
rate interest-bearing liabilities, and interest rate swaps. Bancorp has no
assets held for trading, and as such, the table presents instruments entered
into for purposes other than trading purposes. For interest rate swaps, the
table includes notional amounts and weighted average interest rates by
contractual maturity dates. The variable receive rates are tied to the one-month
London Inter-Bank Offered Rate (LIBOR) plus a spread.


24                                                       FIRST FINANCIAL BANCORP
<PAGE>
                       TABLE 11 - MARKET RISK DISCLOSURE

<TABLE>
<CAPTION>
                                                                                                                       FAIR VALUE
                                                                      Principal Amount Maturing In:                    DECEMBER 31,
                                         2003       2004        2005      2006        2007    THEREAFTER    TOTAL          2002
                                         ----       ----        ----      ----        ----    ----------    -----          ----
                                                                       (Dollars in thousands)
<S>                                    <C>       <C>          <C>        <C>        <C>       <C>        <C>          <C>
RATE SENSITIVE ASSETS
Fixed interest rate loans              $226,703  $  123,594   $116,386   $107,617   $75,858   $510,985    $1,161,143   $1,176,408
   Average interest rate                   7.22%       8.87%      8.70%      7.99%     7.84%      7.04%         7.58%
Variable interest rate loans            473,189      68,134     45,994     57,741    57,627    884,751     1,587,436    1,591,479
   Average interest rate                   5.38%       5.56%      6.46%      6.26%     6.20%      6.87%         6.31%
Fixed interest rate securities           26,196      61,086     53,728     21,738    22,008    388,034       572,790      573,307
   Average interest rate                   4.06%       3.94%      3.07%      4.60%     4.70%      4.71%         4.44%
Variable interest rate securities            --          --         --         --        --     54,126        54,126       54,135
   Average interest rate                     --          --         --         --        --         --          4.12%        4.12%
Other earning assets                     32,765          --         --         --        --         --        32,765       32,765
   Average interest rate                   0.98%         --         --        --         --         --          0.98%

RATE SENSITIVE LIABILITIES
Noninterest-bearing checking            422,453          --         --         --        --         --       422,453      422,453
Savings and interest-bearing checking   116,954   1,052,586         --         --        --         --     1,169,540    1,169,540
   Average interest rate                   0.62%       0.62%        --         --        --         --          0.62%
Time deposits                           866,489     280,952     80,445     17,458    69,631     15,466     1,330,441    1,344,459
   Average interest rate                   2.85%       3.63%      3.88%      4.53%     4.66%      2.19%         3.19%
Fixed interest rate borrowings            1,200      16,500      7,000     26,172    27,000    212,179       290,051      321,355
   Average interest rate                   4.96%       5.73%      5.77%      5.27%     5.67%      5.08%         5.20%
Variable interest rate borrowings        95,180          --         --         --        --     10,000       105,180      105,180
   Average interest rate                   1.37%         --         --         --        --       4.80%         1.69%

INTEREST RATE DERIVATIVES
Interest Rate Swaps
Fixed to variable                                                                                5,012        5,012
   Average pay rate (fixed)                                                                       7.42%        7.42%
   Average receive rate (variable)                                                                4.07%        4.07%
</TABLE>

     In November of 2001, Bancorp's board of directors approved a policy
authorizing the use of certain derivative products as a tool for the management
of interest rate risk. Bancorp had no stand-alone derivative products prior to
the adoption of this policy. Approved derivatives include interest rate caps,
floors, and swaps. These instruments will allow Bancorp to meet the needs of its
customers, yet reduce the interest rate risk associated with certain
transactions. At December 31, 2002, Bancorp had interest rate swaps, with a
notional value of $5,012.

     The primary source of market risk for the financial instruments presented
is interest rate risk. That is, the risk that an adverse change in market rates
will adversely affect the market value of the instruments. Generally, the longer
the maturity, the higher the interest rate risk exposure. While maturity
information does not necessarily present all aspects of exposure, it may provide
an indication of where risks are prevalent. Bancorp's risk exposure can be
characterized as asset sensitive. That is, as market rates fall, there are more
assets repricing down to the new rates than the amount of liabilities that
reprice. This exposure has impacted the net interest income over the last two
years. Looking forward, Bancorp has some exposure to rising rates. While many
market sensitive loans and investments are immediately repriceable with changes
in market rates, which would positively impact interest income, the non-maturity
interest-bearing deposit account (savings, money market, and NOW accounts) rates
may move differently than is currently assumed in the modeling.

     Within the interest rate risk exposure, a majority of Bancorp's commercial
loans reprice with the Prime Rate. Across the time horizon of the yield curve,
other rate risk exposures occur with the U.S. Treasury CMT (constant maturity
treasury) rates, as those rates are the primary index rates for adjustable rate
mortgages, in the one, three, and five year periods. The deposit rates typically
depend on local market conditions, somewhat influenced by national market rates.
Borrowing rates are impacted by changes in LIBOR and the Federal Home Loan Bank
advance rates for various term structures.

     All banking institutions assume interest rate risk as an integral part of
normal operations. Managing and measuring interest rate risk is a dynamic,
multi-faceted process that ranges from reducing the exposure of Bancorp's net
interest margin to swings in interest rates, to assuring that there is
sufficient capital and liquidity to support future balance sheet growth. Bancorp
manages interest rate risk through the asset/liability committees of Bancorp's
subsidiaries. The asset/liability committees are comprised of bank officers from
various disciplines. Each subsidiary committee establishes policies and rates
which lead to the prudent investment of resources, the effective management of
risks associated with changing interest rates, the existence of adequate
liquidity, and the earning of an adequate return on shareholders' equity. The
management of the risk includes objectives to minimize the adverse changes to
net interest income, typically exercised through adjusting rates paid on deposit
accounts, managing the volume of assets generated, and monitoring loan rates.
Long-term funding is used to fund longer-term assets that are generated within
the loan and investment portfolios.

     Bancorp has a holding company asset/liability committee, comprised of
holding company officers and representatives of various subsidiaries with a
variety of disciplines. The committee's function is to develop policies and
guidelines, monitor results and initiate strategies for effective
asset/liability management throughout Bancorp's subsidiaries.

CAPITAL

       Total shareholders' equity at December 31, 2002 and 2001, was $377,603
and $384,543, respectively. The decrease in shareholders' equity for 2002 was
primarily the result of increased stock repurchase activity.

       On January 25, 2000, the board of directors authorized Bancorp to
repurchase from time to time the number of common shares necessary to satisfy
any restricted stock awards or stock options that are granted from time to time


2002 ANNUAL REPORT                                                            25
<PAGE>
under the 1999 Stock Incentive Option Plan for Officers and Employees and the
1999 Stock Option Plan for Non-Employee Directors. The total number of shares
that can be repurchased over the life of the ten-year plan may not exceed
7,507,500 shares. Under this program, Bancorp repurchased no shares in 2002 and
276,000 shares in 2001.

       On October 24, 2000, the board of directors authorized an additional
program to repurchase up to 5% of Bancorp's common shares outstanding. This
share repurchase program is for general corporate purposes including future
stock dividends. Under this program, Bancorp repurchased 567,495 shares in 2002
and 1,571,500 shares in 2001. The 2002 purchases completed the authorized
repurchase activity for this plan.

       On February 26, 2002, the board of directors authorized a new stock
repurchase program for up to 5% of Bancorp's common shares outstanding. This
program provides shares for general corporate purposes including future stock
dividends. Repurchase activity under this plan was 1,272,205 shares in 2002.

       On February 27, 2001, Bancorp's board of directors declared a 5% stock
dividend and a quarterly cash dividend of 15 cents per share for each
post-stock-dividend share. Both the stock dividend and the quarterly cash
dividend were distributed on April 2, 2001.

       The dividend payout ratio was 57.0%, 65.6%, and 47.9%, for 2002, 2001,
and 2000, respectively. The dividend payout is continually reviewed by
management and the board of directors.

       Bancorp has consistently maintained regulatory capital ratios at or above
the "well-capitalized" standards. For further detail on capital ratios, see Note
15 of the Notes to Consolidated Financial Statements.

CRITICAL ACCOUNTING POLICIES

       Bancorp's consolidated financial statements are prepared based on the
application of accounting policies, the most significant of which are described
in Note 1 of the Notes to Consolidated Financial Statements. These policies
require estimates and assumptions. Changes in underlying factors, assumptions or
estimates in any of these areas could have a material impact on Bancorp's future
financial condition and results of operations. In management's opinion, some of
these areas have a more significant impact than others on Bancorp's financial
reporting. For Bancorp, these areas currently include accounting for the
allowance for loan losses, pension costs, and goodwill.

FORWARD-LOOKING STATEMENTS

       Certain statements contained in this report which are not statements of
historical fact constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act (the Act). In addition, certain
statements in future filings by Bancorp with the Securities and Exchange
Commission, in press releases, and in oral and written statements made by or
with the approval of Bancorp which are not statements of historical fact
constitute forward-looking statements within the meaning of the Act. Examples of
forward-looking statements include, but are not limited to, projections of
revenues, income or loss, earnings or loss per share, the payment or non-payment
of dividends, capital structure and other financial items, statements of plans
and objectives of Bancorp or its management or board of directors, and
statements of future economic performances and statements of assumptions
underlying such statements. Words such as "believes," "anticipates," "intends,"
and other similar expressions are intended to identify forward-looking
statements but are not the exclusive means of identifying such statements.

       Forward-looking statements involve risks and uncertainties which may
cause actual results to differ materially from those in such statements. Factors
that could cause actual results to differ from those discussed in the
forward-looking statements include, but are not limited to, the strength of the
local economies in which operations are conducted; the effects of and changes in
policies and laws of regulatory agencies; inflation, interest rates, market and
monetary fluctuations; technological changes; mergers and acquisitions; the
ability to increase market share and control expenses; the effect of changes in
accounting policies and practices, as may be adopted by the regulatory agencies
as well as the Financial Accounting Standards Board and the Securities and
Exchange Commission; the costs and effects of litigation and of unexpected or
adverse outcomes in such litigation; and the success of Bancorp at managing the
risks involved in the foregoing.

       Such forward-looking statements speak only as of the date on which such
statements are made, and Bancorp undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after the date on
which such statement is made to reflect the occurrence of unanticipated events.

26                                                       FIRST FINANCIAL BANCORP
<PAGE>
                            STATISTICAL INFORMATION

<TABLE>
<CAPTION>
                                                                                   (Unaudited)
                                                      2002                             2001                          2000
                                         ---------------------------     ----------------------------   ---------------------------
                                         BALANCE    INTEREST  YIELD      BALANCE    INTEREST    YIELD   BALANCE     INTEREST  YIELD
                                         -------    --------  -----      -------    --------    -----   -------     --------  -----
                                            DAILY AVERAGE BALANCES AND INTEREST RATES: (Tax equivalent basis; dollars in thousands)
<S>                                    <C>          <C>        <C>    <C>           <C>        <C>    <C>          <C>       <C>
EARNING ASSETS
   Loans (1)
      Commercial (2)                   $  749,072   $ 58,010   7.74%  $   792,568   $  73,399  9.26%  $  788,668   $ 81,048  10.28%
      Real estate (2)                   1,417,770     95,236   6.72%    1,465,334     117,352  8.01%   1,586,313    126,170   7.95%
      Installment
         and other consumer               590,580     52,921   8.96%      616,714      58,162  9.43%     649,606     65,199   10.04%
      Lease financing (2)                  28,295      2,197   7.76%       41,107       3,269  7.95%      46,924      3,694   7.87%
                                       ----------   --------          -----------   ---------         ----------    -------
         Total loans                    2,785,717    208,364   7.48%    2,915,723     252,182  8.65%   3,071,511    276,111   8.99%

   Investment securities (3)
      Taxable                             486,188     24,871   5.12%      441,513      27,285  6.18%     407,564     28,041   6.88%
      Tax-exempt (2)                      141,636     11,047   7.80%      149,704      11,900  7.95%     162,257     13,091   8.07%
                                       ----------   --------          -----------   ---------         ----------    -------
         Total investment
            securities (3)                627,824     35,918   5.72%      591,217      39,185  6.63%     569,821     41,132   7.22%
   Interest-bearing deposits
      with other banks                     14,202        340   2.39%       14,972         596  3.98%      11,203        702   6.27%
   Federal funds sold and securities
      purchased under agreements
      to resell                            28,654        494   1.72%       59,470       2,187  3.68%       4,157        257   6.18%
                                       ----------   --------          -----------   ---------         ----------    -------
   TOTAL EARNING ASSETS                 3,456,397    245,116   7.09%    3,581,382     294,150  8.21%   3,656,692    318,202   8.70%

NONEARNING ASSETS
   Allowance for loan losses              (48,341)                        (40,758)                       (40,360)
   Cash and due from banks                131,730                         133,644                        141,951
   Accrued interest and other assets      180,264                         183,103                        186,295
                                       ----------                     -----------                     ----------
   TOTAL ASSETS                        $3,720,050                     $ 3,857,371                     $3,944,578
                                       ==========                     ===========                     ==========

INTEREST-BEARING LIABILITIES
   Deposits
      Interest-bearing demand          $  301,358      2,891  0.96%   $   299,461       6,065  2.03%  $  275,048      6,597  2.40%
      Savings                             841,054      8,416  1.00%       766,400      15,393  2.01%     766,886     19,002  2.48%
      Time                              1,402,037     50,789  3.62%     1,646,954      88,892  5.40%   1,603,214     91,153  5.69%
                                       ----------   --------          -----------   ---------         ----------    -------
         Total interest-bearing
            deposits                    2,544,449     62,096  2.44%     2,712,815     110,350  4.07%   2,645,148    116,752  4.41%
   Borrowed funds
      Short-term borrowings                90,188      1,727  1.91%        75,240       3,015  4.01%     316,537     18,939  5.98%
      Long-term borrowings                265,034     14,289  5.39%       243,868      13,415  5.50%     166,290      9,733  5.85%
      Corporation-obligated mandatorily
       redeemable capital securities of
       subsidiary trust                     2,658        139  5.23%             0           0   N/A            0          0   N/A
                                       ----------   --------          -----------   ---------         ----------    -------
         Total borrowed funds             357,880     16,155  4.51%       319,108      16,430  5.15%     482,827     28,672  5.94%
                                       ----------   --------          -----------   ---------         ----------    -------
   TOTAL INTEREST-BEARING LIABILITIES   2,902,329     78,251  2.70%     3,031,923     126,780  4.18%   3,127,975    145,424  4.65%
NONINTEREST-BEARING LIABILITIES
   Noninterest-bearing demand deposits    406,639                         398,464                        403,219
   Other liabilities                       26,464                          31,194                         33,852
   SHAREHOLDERS' EQUITY                   384,618                         395,790                        379,532
                                       ----------   --------          -----------   ---------         ----------    -------
   TOTAL LIABILITIES AND
      SHAREHOLDERS' EQUITY             $3,720,050                     $ 3,857,371                     $3,944,578
                                       ==========                     ===========                     ==========
   NET INTEREST INCOME AND
      INTEREST RATE SPREAD                          $166,865  4.39%                 $ 167,370  4.03%               $172,778  4.05%
                                                    ========  ====                  =========  ====                ========  ====
   NET INTEREST MARGIN                                        4.83%                            4.67%                         4.72%
                                                              ====                             ====                          ====
</TABLE>


(1)  Nonaccrual loans are included in average loan balances and loan fees are
     included in interest income.

(2)  Interest income on tax-exempt investments and on certain tax-exempt loans
     and leases has been adjusted to a taxable equivalent basis using a marginal
     federal income tax rate of 35.0%.

(3)  Includes both investment securities held-to-maturity and investment
     securities available-for-sale.


2002 ANNUAL REPORT                                                            27
<PAGE>
                          CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                                            DECEMBER 31,
                                                                                     2002                 2001
                                                                                     ----                 ----
                                                                                       (Dollars in thousands)
<S>                                                                              <C>                 <C>
ASSETS
   Cash and due from banks                                                       $   181,839         $   211,130
   Interest-bearing deposits with other banks                                          4,474              13,671
   Federal funds sold and securities purchased under agreements to resell             28,291               3,381
   Investment securities held-to-maturity
        (market value of $22,097 at December 31, 2002;
                         $21,547 at December 31, 2001)                                21,571              20,890
   Investment securities available-for-sale, at market value
        (cost of $587,131 at December 31, 2002;
                 $586,946 at December 31, 2001)                                      605,345             595,600
   Loans
      Commercial                                                                     690,656             804,683
      Real estate - construction                                                      89,674              75,785
      Real estate - mortgage                                                       1,368,207           1,346,235
      Installment                                                                    556,975             588,549
      Credit card                                                                     22,068              22,846
      Lease financing                                                                 21,031              36,139
                                                                                 -----------         -----------
         Total loans                                                               2,748,611           2,874,237
   Less
      Unearned income                                                                    523               1,988
      Allowance for loan losses                                                       48,177              46,784
                                                                                 -----------         -----------
         Net loans                                                                 2,699,911           2,825,465
   Premises and equipment                                                             56,348              60,575
   Goodwill                                                                           27,379              27,379
   Other intangibles                                                                   9,147               8,842
   Deferred income taxes receivable                                                    4,107                   0
   Accrued interest and other assets                                                  91,540              87,861
                                                                                 -----------         -----------
        TOTAL ASSETS                                                             $ 3,729,952         $ 3,854,794
                                                                                 ===========         ===========

LIABILITIES
   Deposits
      Noninterest-bearing                                                        $   422,453         $   448,330
      Interest-bearing                                                             2,499,981           2,636,763
                                                                                 -----------         -----------
        Total deposits                                                             2,922,434           3,085,093
   Short-term borrowings
      Federal funds purchased and securities sold under
        agreements to repurchase                                                      55,766              67,641
      Other                                                                           39,414              25,811
                                                                                 -----------         -----------
        Total short-term borrowings                                                   95,180              93,452
   Federal Home Loan Bank long-term borrowings                                       290,051             260,345
   Corporation-obligated mandatorily redeemable capital
     securities of subsidiary trust                                                   10,000                   0
   Deferred income taxes payable                                                           0               1,388
   Accrued interest and other liabilities                                             34,684              29,973
                                                                                 -----------         -----------
        TOTAL LIABILITIES                                                          3,352,349           3,470,251

SHAREHOLDERS' EQUITY
   Common stock -- no par value
      Authorized -- 160,000,000 shares
      Issued -- 48,558,614 shares in 2002
                48,570,346 shares in 2001                                            396,252             396,631
   Retained earnings                                                                  39,005              18,244
   Accumulated comprehensive income                                                    8,189               5,348
   Restricted stock awards                                                            (4,022)             (2,563)
   Treasury stock, at cost, 3,554,691 and 1,970,411 shares                           (61,821)            (33,117)
                                                                                 -----------         -----------
        TOTAL SHAREHOLDERS' EQUITY                                                   377,603             384,543
                                                                                 -----------         -----------
        TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                               $ 3,729,952         $ 3,854,794
                                                                                 ===========         ===========
</TABLE>

See Notes to Consolidated Financial Statements.


28                                                       FIRST FINANCIAL BANCORP
<PAGE>
                      CONSOLIDATED STATEMENTS OF EARNINGS

<TABLE>
<CAPTION>
                                                                                               YEAR ENDED DECEMBER 31,
                                                                                    2002                2001                2000
                                                                                    ----                ----                ----
                                                                                   (Dollars in thousands, except per share data)
<S>                                                                              <C>                <C>                <C>
INTEREST INCOME
   Loans, including fees                                                         $   208,131        $   251,951        $    275,804
   Investment securities
      Taxable                                                                         24,871             27,285              28,041
      Tax-exempt                                                                       7,172              7,726               8,499
                                                                                 -----------        -----------        ------------
         Total investment securities interest                                         32,043             35,011              36,540
   Interest-bearing deposits with other banks                                            340                596                 702
   Federal funds sold and securities purchased under agreements to resell                494              2,187                 257
                                                                                 -----------        -----------        ------------
        TOTAL INTEREST INCOME                                                        241,008            289,745             313,303

INTEREST EXPENSE
   Deposits                                                                           62,096            110,350             116,752
   Short-term borrowings                                                               1,727              3,015              18,939
   Long-term borrowings                                                               14,289             13,415               9,733
   Corporation-obligated mandatorily redeemable capital
      securities of subsidiary trust                                                     139                  0                   0
                                                                                 -----------        -----------        ------------
        TOTAL INTEREST EXPENSE                                                        78,251            126,780             145,424
                                                                                 -----------        -----------        ------------
        NET INTEREST INCOME                                                          162,757            162,965             167,879
   Provision for loan losses                                                          16,174             26,813              11,300
                                                                                 -----------        -----------        ------------
        NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES                          146,583            136,152             156,579

NONINTEREST INCOME
   Service charges on deposit accounts                                                19,565             20,348              18,786
   Trust revenues                                                                     15,385             14,769              14,230
   Gains from sales of mortgage loans                                                  4,432              2,929               1,018
   Investment securities gains                                                            89                302                  39
   Other                                                                              17,228             15,894              14,328
                                                                                 -----------        -----------        ------------
        TOTAL NONINTEREST INCOME                                                      56,699             54,242              48,401
NONINTEREST EXPENSES
   Salaries and employee benefits                                                     71,619             65,061              63,606
   Net occupancy                                                                       7,973              7,475               7,402
   Furniture and equipment                                                             7,729              6,332               6,374
   Data processing                                                                     7,817              7,254               8,427
   Deposit insurance                                                                     609                602                 542
   State taxes                                                                         1,747              1,913               2,432
   Amortization of intangibles                                                           847              2,650               3,268
   Restructuring charge                                                                    0                  0                (353)
   Other                                                                              34,171             33,667              26,320
                                                                                 -----------        -----------        ------------
        TOTAL NONINTEREST EXPENSES                                                   132,512            124,954             118,018
                                                                                 -----------        -----------        ------------
        INCOME BEFORE INCOME TAXES                                                    70,770             65,440              86,962
   Income tax expense                                                                 22,535             22,131              28,740
                                                                                 -----------        -----------        ------------
        NET EARNINGS                                                             $    48,235        $    43,309        $     58,222
                                                                                 ===========        ===========        ============
NET EARNINGS PER SHARE - BASIC                                                   $      1.05        $      0.91        $       1.19
                                                                                 ===========        ===========        ============
NET EARNINGS PER SHARE - DILUTED                                                 $      1.05        $      0.91        $       1.19
                                                                                 ===========        ===========        ============
AVERAGE SHARES OUTSTANDING - BASIC                                                45,880,649         47,427,921          48,775,547
                                                                                 ===========        ===========        ============
AVERAGE SHARES OUTSTANDING - DILUTED                                              46,000,801         47,479,315          48,862,287
                                                                                 ===========        ===========        ============
</TABLE>


See Notes to Consolidated Financial Statements.


2002 ANNUAL REPORT                                                            29
<PAGE>
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                      -------------------------------------

<TABLE>
<CAPTION>
                                                                                           YEAR ENDED DECEMBER 31,
                                                                                     -----------------------------------
                                                                                       2002         2001         2000
                                                                                     ---------    ---------    ---------
                                                                                           (Dollars in thousands)
<S>                                                                                  <C>          <C>          <C>
OPERATING ACTIVITIES
  Net earnings                                                                       $  48,235    $  43,309    $  58,222
  Adjustments to reconcile net earnings to net cash
    provided by operating activities
    Provision for loan losses                                                           16,174       26,813       11,300
    Provision for depreciation and amortization                                          9,172        8,797        9,707
    Net amortization of premiums and accretion of discounts
      on investment securities                                                           1,151           12         (528)
    Deferred income taxes                                                               (7,524)          79        2,175
    Realized gains on investment securities                                                (89)        (302)         (39)
    Originations of mortgage loans held for sale                                      (221,703)    (186,571)    (171,012)
    Gains from sales of mortgage loans held for sale                                    (4,432)      (2,929)      (1,018)
    Proceeds from sale of mortgage loans held for sale                                 223,893      187,448      171,161
    Increase in cash surrender value of life insurance                                  (8,527)      (1,775)      (6,467)
    Decrease (increase) in interest receivable                                           4,111        6,527       (3,031)
    (Increase) decrease in prepaid expenses                                               (956)         530         (881)
    Increase (decrease) in accrued expenses                                              8,807          660       (3,146)
    (Decrease) increase in interest payable                                             (3,074)      (5,536)       3,986
    Other                                                                               (1,101)         318       (3,589)
                                                                                     ---------    ---------    ---------
        Net cash provided by operating activities                                       64,137       77,380       66,840

INVESTING ACTIVITIES
  Proceeds from calls, paydowns, and maturities of investment
     securities available-for-sale                                                     242,076      219,864       58,858
  Purchases of investment securities available-for-sale                               (243,583)    (245,279)     (79,144)
  Proceeds from calls, paydowns, and maturities of investment securities
    held-to-maturity                                                                     3,994       12,085       11,773
  Purchases of investment securities held-to-maturity                                   (4,414)      (7,910)      (4,365)
  Net decrease (increase) in interest-bearing deposits with other banks                  9,197      (10,423)       5,619
  Net (increase) decrease in federal funds sold and
    securities purchased under agreements to resell                                    (24,910)         659        1,581
  Net decrease (increase) in loans and leases                                           98,621      108,922      (28,494)
  Proceeds from disposal of other real estate owned                                      4,608        1,773        2,882
  Recoveries from loans and leases previously charged-off                                5,092        2,792        2,353
  Purchases of premises and equipment                                                   (3,276)      (8,111)      (5,461)
                                                                                     ---------    ---------    ---------
        Net cash provided by (used in) investing activities                             87,405       74,372      (34,398)

FINANCING ACTIVITIES

  Net (decrease) increase in total deposits                                           (162,659)     (66,335)     160,215
  Net increase (decrease) in short-term borrowings                                       1,728      (53,116)    (235,550)
  Proceeds from long-term borrowings                                                    29,706       55,129       43,417
  Proceeds from corporate-obligated mandatorily redeemable capital securities of
    subsidiary trust                                                                    10,000            0            0
  Cash dividends                                                                       (27,474)     (28,400)     (27,901)
  Purchase of common stock                                                             (32,910)     (30,057)     (16,518)
  Proceeds from exercise of stock options                                                  776           99          116
                                                                                     ---------    ---------    ---------
        Net cash used in financing activities                                         (180,833)    (122,680)     (76,221)
                                                                                     ---------    ---------    ---------
  (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                                     (29,291)      29,072      (43,779)
  Cash and cash equivalents at beginning of year                                       211,130      182,058      225,837
                                                                                     ---------    ---------    ---------
        CASH AND CASH EQUIVALENTS AT END OF YEAR                                     $ 181,839    $ 211,130    $ 182,058
                                                                                     =========    =========    =========

SUPPLEMENTAL DISCLOSURES

  Interest paid                                                                      $  81,325    $ 132,316    $ 141,438
                                                                                     =========    =========    =========
  Income taxes paid                                                                  $  25,110    $  24,839    $  31,233
                                                                                     =========    =========    =========
  Recognition of deferred tax liabilities attributable to SFAS No. 115               $  (3,685)   $  (2,000)   $  (5,142)
                                                                                     =========    =========    =========
  Acquisition of other real estate owned through foreclosure                         $   5,667    $   3,263    $   2,423
                                                                                     =========    =========    =========
  Issuance of restricted stock awards                                                $   3,273    $   2,826    $     773
                                                                                     =========    =========    =========
  Securitization of loans                                                            $       0    $       0    $  40,737
                                                                                     =========    =========    =========
</TABLE>

See Notes to Consolidated Financial Statements.

30                                                       FIRST FINANCIAL BANCORP
<PAGE>
           CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
           ----------------------------------------------------------

<TABLE>
<CAPTION>
                                    COMMON      COMMON                ACCUMULATED    RESTRICTED    TREASURY    TREASURY
                                    STOCK       STOCK     RETAINED   COMPREHENSIVE     STOCK        STOCK      STOCK
                                    SHARES      AMOUNT    EARNINGS       INCOME        AWARDS       SHARES     AMOUNT     TOTAL
                                  ----------   --------   --------   -------------   ----------   ----------   --------   --------
                                                                        (Dollars in thousands)

<S>                               <C>          <C>        <C>        <C>             <C>          <C>          <C>        <C>
Balances at December 31, 1999     46,869,107   $373,447   $  5,904   $      (6,398)  $     (414)  $        0   $      0   $372,539
Net earnings                                                58,222                                                          58,222
Unrealized holding gains on
  securities available for sale
  arising during the period                                                  8,353                                           8,353
                                                                                                                           --------
Total comprehensive income                                                                                                  66,575
Cash dividends declared
  (Bancorp - $0.57 per share)                              (27,901)                                                        (27,901)
Purchase of common stock                                                                            (940,500)   (16,515)   (16,515)
Exercise of stock options,
  net of shares purchased             16,729        116                                                                        116
Restricted stock awards               41,900        773                                    (773)        (110)        (3)        (3)
Amortization of restricted
  stock awards                                                                              321                                321
                                  ----------   --------   --------   -------------   ----------   ----------   --------   --------
Balances at December 31, 2000     46,927,736    374,336     36,225           1,955         (866)    (940,610)   (16,518)   395,132

Net earnings                                                43,309                                                          43,309
Unrealized holding gains on
  securities available for sale
  arising during the period                                                  3,393                                           3,393
                                                                                                                          --------
Total comprehensive income                                                                                                  46,702
Cash dividends declared
  (Bancorp - $0.60 per share)                              (28,400)                                                        (28,400)
Purchase of common stock                                                                          (1,847,500)   (30,057)   (30,057)
Exercise of stock options,
  net of shares purchased                          (105)                                              12,603        204         99
5% stock dividend                  1,646,021     22,348    (32,890)                                  637,004     10,542          0
Restricted stock awards               (3,411)        52                                  (2,826)     168,092      2,712        (62)
Amortization of restricted
  stock awards                                                                            1,129                              1,129
                                  ----------   --------   --------   -------------   ----------   ----------   --------   --------
Balances at December 31,2001      48,570,346    396,631     18,244           5,348       (2,563)  (1,970,411)   (33,117)   384,543

NET EARNINGS                                                48,235                                                          48,235
UNREALIZED HOLDING GAINS ON
  SECURITIES AVAILABLE FOR SALE
  ARISING DURING THE PERIOD                                                  5,875                                           5,875
UNFUNDED PENSION LOSSES,
  NET OF TAX                                                                (3,034)                                        (3,034)
TOTAL COMPREHENSIVE INCOME                                                                                                  51,076
                                                                                                                          --------
CASH DIVIDENDS DECLARED
  (BANCORP - $0.60 PER SHARE)                              (27,474)                                                        (27,474)
PURCHASE OF COMMON STOCK                                                                          (1,839,700)   (32,910)   (32,910)
EXERCISE OF STOCK OPTIONS,
  NET OF SHARES PURCHASED                          (376)                                              66,835      1,152        776
RESTRICTED STOCK AWARDS              (11,732)        (3)                                 (3,273)     188,585      3,054       (222)
AMORTIZATION OF RESTRICTED
  STOCK AWARDS                                                                            1,814                              1,814
                                  ----------   --------   --------   -------------   ----------   ----------   --------   --------
BALANCES AT DECEMBER 31, 2002     48,558,614   $396,252   $ 39,005   $       8,189   $   (4,022)  (3,554,691)  $(61,821)  $377,603
                                  ==========   ========   ========   =============   ==========   ==========   ========   ========
</TABLE>


See Notes to Consolidated Financial Statements.

2002 ANNUAL REPORT                                                            31
<PAGE>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

               NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
               ---------------------------------------------------

      Basis of presentation - The consolidated financial statements of First
Financial Bancorp (Bancorp), a bank holding company, principally serving western
Ohio, Indiana, northern Kentucky and southern Michigan, include the accounts and
operations of Bancorp and its wholly owned subsidiaries. All significant
intercompany transactions and accounts have been eliminated in consolidation.
Certain reclassifications of prior years' amounts have been made to conform to
current year presentation. Such reclassifications had no effect on net earnings.

      The preparation of financial statements in conformity with accounting
principles generally accepted in the United States requires management to make
estimates and assumptions that affect the amounts reported in the financial
statements and accompany notes. Actual results could differ from those
estimates.

      Interest on loans, securities, and other earning assets is recognized
primarily on the accrual basis.

      All dollar amounts, except per share data, are expressed in thousands of
dollars.

      Investment securities - Statement of Financial Accounting Standards (SFAS)
No. 115 classifies debt and equity securities in three categories: trading,
held-to-maturity, and available-for-sale.

      Management determines the appropriate classification of debt securities at
the time of purchase and reevaluates such designation as of each balance sheet
date. Debt securities are classified as held-to-maturity when Bancorp has the
positive intent and ability to hold the securities to maturity. Held-to-maturity
securities are stated at amortized cost. Debt securities not classified
held-to-maturity are classified as available-for-sale. Available-for-sale
securities are stated at aggregate fair value, with the unrealized gains and
losses, net of tax, reported as a separate component of shareholders' equity.

      The amortized cost of debt securities classified as held-to-maturity or
available-for-sale is adjusted for amortization of premiums and accretion of
discounts to maturity, or in the case of mortgage-backed securities, over the
estimated life of the security. Such amortization is included in interest income
from investments. Interest and dividends are included in interest income from
investments. Realized gains and losses, and declines in value judged to be other
than temporary, are included in investment securities gains (losses). The cost
of securities sold is based on the specific identification method.

      Loans - Loan origination and commitment fees and certain direct loan
origination costs are deferred, and the net amount amortized as an adjustment to
the related loan's yield. The accrual of interest income is discontinued when
the collection of a loan or interest, in whole or in part, is doubtful. This
applies generally to all loans, including impaired loans. When interest accruals
are suspended, interest income accrued in the current period is reversed and
interest accrued in the prior year is charged to the allowance for loan losses.

      Bancorp's subsidiaries sell certain mortgage loans immediately after
origination on a flow basis. Due to Bancorp's policy of selling loans on a flow
basis, loans held for sale are not material and therefore not disclosed
separately on the Consolidated Balance Sheets. Loans held for sale are carried
at the lower of cost or market value. Capitalized mortgage servicing rights
(MSRs) are evaluated for impairment based on the fair value of those rights,
using a disaggregated approach. MSRs are amortized on an accelerated basis over
the estimated period of net servicing revenue.

      Allowance for loan losses - The level of the allowance for loan losses
(allowance) is based upon management's evaluation of the loan and lease
portfolios, past loan loss experience, known and inherent risks in the
portfolio, adverse situations that may affect the borrower's ability to repay
(including the timing of future payments), the estimated value of any underlying
collateral, composition of the loan portfolio, economic conditions, and other
pertinent factors. This evaluation is inherently subjective as it requires
material estimates including the amounts and timing of future cash flows
expected to be received on impaired loans that may be susceptible to significant
change.

      A commercial loan is impaired when, based on current information and
events, it is probable that Bancorp will be unable to collect all amounts due
according to the contractual terms of the loan agreement.

      Collection of all amounts due according to the contractual terms means
that both the contractual interest payments and the contractual principal
payments of a loan will be collected as scheduled in the loan agreement.

      Bancorp applies normal loan review procedures in determining whether or
not it is probable that it will be able to collect all amounts due according to
the contractual terms of a loan.

      An impairment loss is recognized if the present value of expected future
cash flows from the loan are less than the recorded investment in the loan
(recorded investment in the loan is the principal balance plus any accrued
interest, net deferred loan fees or costs, and unamortized premium or discount,
and does not reflect any direct write-down of the investment). The impairment
loss is recognized through the use of a valuation allowance. Loans that are
impaired are recorded at the present value of expected future cash flows
discounted at the loan's effective interest rate or if the loan is collateral
dependent, impairment measurement is based on the fair value of the collateral
as a practicable expedient. Income recognition on impaired loans is based on the
cash basis method.

      The level of allowance maintained is believed by management to be adequate
to cover losses inherent in the portfolio. The allowance is increased by
provisions charged to expense and decreased by charge-offs, net of recoveries of
amounts previously charged-off. The allowance for commercial loans, including
time and demand notes, tax exempt loans, commercial real estate, and commercial
capital and operating leases begins with a process of estimating the probable
losses inherent in the portfolio. The estimates for these commercial loans are
established by category and based on Bancorp's internal system of credit risk
ratings, historical loss data, and the estimated average expected life of the
portfolio.

      The estimate of losses inherent in the commercial portfolio may then be
adjusted for management's estimate of probable losses on specific exposures as
well as trends in delinquent and nonaccrual loans and other factors such as
prevailing economic conditions, lending personnel experience and changes,
lending strategies and other influencing factors as discussed in the Asset
Quality section of Management's Discussion and Analysis. In the commercial
portfolio, certain loans where more specific information is available, typically
larger-balance non-homogeneous exposures, a specific allowance may be
established based on the borrower's overall financial condition, resources and
payment record, support from guarantors, and the realizable value of any
collateral.

      The allowance for consumer loans which includes retail real estate,
installment, home equity, credit card, consumer leasing, overdrafts, and student
loans is established for each of the categories listed by estimating losses
inherent in that particular category of consumer loans. The estimate of losses
is based on historical loss rates and the estimated average life or contractual
maturity of each portfolio. Consumer loans are evaluated as a group within
category (i.e., retail real estate, installment, etc.) because these loans are
smaller and homogeneous.

      The unallocated portion of the allowance consists partially of dollar
amounts specifically set aside for each of the overall factors influencing the
allowance. These factors include national and economic factors, concentrations
in market segments, lending personnel experiences and changes, lending
strategies, personnel underwriting, ratio trends, and other factors not already
accounted for in the allowance estimates. Establishing percentages for these
factors is largely subjective, but is supported by economic data, supporting
dated material for changes made in lending functions and other support where
appropriate.

      Lease financing - Bancorp principally uses the finance method of
accounting for direct lease contracts. Under this method of accounting, a
receivable is recorded for the total amount of lease payments due and estimated
residual values. Lease income, represented by the excess of the total contract
receivable plus estimated equipment residual value over the cost of the related

32                                                       FIRST FINANCIAL BANCORP
<PAGE>
equipment, is recorded over the terms of the leases at a level rate of return on
the unrecovered net investment.

      Premises and equipment - Premises and equipment are stated at cost, less
accumulated depreciation and amortization. Depreciation and amortization are
computed principally on the straight-line method over the estimated useful lives
of the assets. Maintenance and repairs are charged to operations as incurred.

      Other real estate owned - Other real estate owned represents properties
acquired by Bancorp's subsidiaries through loan defaults by customers. The
property is recorded at the lower of cost or fair value minus estimated costs to
sell at the date acquired. Subsequently, the property is valued at the lower of
the amount recorded when the property was placed into other real estate owned or
fair value minus estimated costs to sell based on periodic valuations performed
by management. An allowance for losses on other real estate owned may be
maintained for subsequent valuation adjustments on a specific property basis.
Any gains or losses realized at the time of disposal are reflected in income.

      Income taxes - Deferred tax assets and liabilities are measured using
enacted tax rates expected to apply to taxable income in the years in which
those temporary differences are expected to be recovered or settled. The effect
on deferred tax assets and liabilities of a change in tax rates is recognized in
income in the period that includes the enactment date.

      Bancorp and its subsidiaries file a consolidated federal income tax
return. Each subsidiary provides for income taxes on a separate return basis,
and remits to Bancorp amounts determined to be currently payable.

      Earnings per share - Basic net income per common share is computed by
dividing net income applicable to common stock by the weighted average number of
shares of common stock outstanding during the period. Diluted net income per
common share is computed by dividing net income applicable to common stock by
the weighted average number of shares, nonvested stock, and dilutive common
stock equivalents outstanding during the period. Common stock equivalents
consist of common stock issuable under the assumed exercise of stock options
granted under the Bancorp's stock plans, using the treasury stock method.

      Cash flow information - For purposes of the statement of cash flows,
Bancorp considers cash and due from banks as cash and cash equivalents.

      Reporting comprehensive income - Comprehensive income is defined as the
change in equity of a business enterprise during a period from transactions and
other events and circumstances from nonowner sources. Accumulated comprehensive
income includes the unrealized holding gains from available-for-sale securities
arising during the period which were $11,223 at December 31, 2002, and unfunded
pension losses, net of taxes which were $3,034 at December 31, 2002.

      Disclosure about segments and related information - Bancorp operates as
one community banking segment in contiguous geographic markets.

      Derivative instruments - SFAS No. 133, "Accounting for Derivative
Instruments and Hedging Activities," was released in June, 1998, and is
effective for all fiscal quarters of fiscal years beginning after January 1,
2001. SFAS No. 133 establishes accounting and reporting standards for derivative
instruments and for hedging activities. Bancorp did not use derivative financial
instruments until June 2002, at which time it adopted and follows the provisions
of SFAS No. 133.

      Intangible assets - SFAS No. 141, "Business Combinations" and No. 142,
"Goodwill and Other Intangible Assets" were issued in June of 2001, and are
effective for fiscal years beginning after December 15, 2001. Under the new
rules, goodwill and intangible assets deemed to have indefinite lives, if any,
will no longer be amortized but will be subject to annual impairment tests in
accordance with the Statements. Core deposit intangibles and mortgage servicing
rights will continue to be amortized over their useful lives. Core deposit
intangibles are being amortized over varying periods, none of which exceeds 10
years.

      Bancorp applied the new rules on accounting for goodwill and other
intangible assets beginning in the first quarter of 2002. Application of the
non-amortization provisions of the Statement resulted in an increase in net
income of $1,172 ($0.02 per share) per year. Bancorp performed the first
required impairment tests of goodwill and intangible assets with indefinite
lives as of January 1, 2002, and found no adjustment was necessary.

      Since Bancorp was required to recognize an additional minimum liability
for its pension accounting, it was required to recognize an intangible asset to
the extent of its unrecognized prior service cost. Pursuant to SFAS No. 87
"Employers Accounting for Pensions," this intangible is never amortized
directly, but instead the amounts are recalculated at each measurement date
which is normally on an annual basis.

      Employee Stock Options - Bancorp has elected to follow the intrinsic value
method of Accounting Principles Board Opinion No. 25, "Accounting for Stock
Issued to Employees" (APB 25), and related interpretations in accounting for its
stock options. Bancorp's employee stock options have fixed terms and the
exercise price of those stock options equals the market price of the underlying
stock on the date of grant. Therefore, no compensation expense was recognized.

            NOTE 2 - RESTRICTIONS ON CASH AND DUE FROM BANK ACCOUNTS
            --------------------------------------------------------

      Bancorp's subsidiaries are required to maintain average reserve balances
either in the form of vault cash or reserves held on deposit with the Federal
Reserve Bank, Federal Home Loan Bank, or in pass-through reserve accounts with
correspondent banks. The average amounts of these required reserve balances for
2002 and 2001 were approximately $27,103 and $26,221, respectively.

                         NOTE 3 - BUSINESS COMBINATIONS
                         ------------------------------

Bancorp consummated the following business combinations in 2001:

<TABLE>
<CAPTION>
                                  ACQUISITION                                        PURCHASE
BUSINESS COMBINATIONS                DATE                ASSETS        DEPOSITS       PRICE
--------------------------     -----------------     -------------     ---------     --------
                                                   (Dollars in thousands)
<S>                            <C>                   <C>               <C>           <C>
Purchase transactions
  First Community branches     December 31, 2001     $      31,912     $  11,110       Par
</TABLE>


      On December 31, 2001, Bancorp purchased certain assets and assumed certain
liabilities of a division of Blue River Bancshares, Inc. operating under the
name First Community Bank of Fort Wayne, Indiana (First Community). Upon
consummation of the merger, these branches began operating as part of Bancorp's
Community First Bank & Trust affiliate. The merger was accounted for using the
purchase method of accounting; and, accordingly, the consolidated financial
statements included First Community's results of operations from the date of
acquisition. There were no acquisitions in 2002.

2002 ANNUAL REPORT                                                            33
<PAGE>
                                NOTE 4 - GOODWILL
                                -----------------

      SFAS No. 141, "Business Combinations" and No. 142, "Goodwill and Other
Intangible Assets" were issued in June of 2001, and are effective for fiscal
years beginning after December 15, 2001. Under the new rules, goodwill and
intangible assets deemed to have indefinite lives, if any, will no longer be
amortized but will be subject to annual impairment tests in accordance with the
Statements.

      Bancorp applied the new rules on accounting for goodwill and other
intangible assets beginning in the first quarter of 2002. Application of the
nonamortization provisions of the Statement resulted in an increase in net
income of $1,172 ($0.02 per share) per year. SFAS No. 142 prescribes testing of
goodwill for impairment using a two-step process. The first step is a screen for
potential impairment, while the second step measures the amount of the
impairment, if any. Bancorp performed the first of the required impairment tests
of goodwill and indefinite-lived intangible assets as of January 1, 2002, and no
impairment was indicated. Therefore, the second step was not necessary. Goodwill
and indefinite-lived intangible assets of each reporting unit must be tested for
impairment at least annually. Bancorp has selected October 1 as its date for
annual impairment testing. As of October 1, 2002, Bancorp performed step one and
concluded that no impairment of goodwill was indicated.

      Net earnings and earnings per share for the years ended December 31, 2000
and 2001, adjusted to exclude amortization expense recognized during that period
is shown below:

<TABLE>
<CAPTION>
                                               2001          2000
                                            ----------    ----------
                                             (Dollars in thousands)
<S>                                         <C>           <C>
Reported net earnings                       $   43,309    $   58,222
Goodwill amortization                            1,172         1,199
                                            ----------    ----------
  Net earnings, excluding goodwill
  amortization                                  44,481        59,421
                                            ==========    ==========

Reported net earnings per share             $     0.91    $     1.19
Goodwill amortization per share                   0.02          0.02
                                            ----------    ----------
  Net earnings per share, excluding
  goodwill amortization                     $     0.93    $     1.21
                                            ==========    ==========
Average shares outstanding                  47,427,921    48,775,547
                                            ==========    ==========
</TABLE>

                       NOTE 5 - MORTGAGE SERVICING RIGHTS
                       ----------------------------------

Changes in capitalized mortgage servicing rights are summarized as follows:

<TABLE>
<CAPTION>
                                    2002         2001
                                 ---------     --------
                                 (Dollars in thousands)
<S>                              <C>           <C>
Balance at beginning of year     $  4,138      $  3,005
Rights capitalized                  2,242         2,052
Amortization                        (1,176)        (919)
Impairment                            (497)           0
                                 ---------     --------
BALANCE AT END OF YEAR           $  4,707      $  4,138
                                 =========     ========
</TABLE>

      The fair value of capitalized mortgage servicing rights was $4,707 at
December 31, 2002, and $4,138 at December 31, 2001. Bancorp recognized
impairment charges in "other" in the noninterest income section of the
Consolidated Statement of Earnings of $497 in 2002 due to a decline in the
estimated future value of the servicing cash flows. Valuations are conducted
regularly to determine the fair value and any possible impairment of the
mortgage servicing right asset. Key assumptions include prepayment speeds,
discount rates, inflation, and future operating costs. Bancorp uses market-based
data for assumptions related to the valuation of mortgage servicing rights.

      Mortgage loans serviced for others are not included in the accompanying
Consolidated Balance Sheets. The unpaid principal balances of these loans
totaled $542,288, $545,733, and $560,530 at December 31, 2002, 2001, and 2000,
respectively.

        NOTE 6 - RESTRICTIONS ON SUBSIDIARY DIVIDENDS, LOANS OR ADVANCES
        ----------------------------------------------------------------

      Dividends paid by Bancorp are mainly provided by dividends from its
subsidiaries. However, certain restrictions exist regarding the ability of these
subsidiaries to transfer funds to Bancorp in the form of cash dividends, loans,
or advances. The approval of the subsidiaries' respective primary federal
regulators is required for Bancorp's subsidiaries to pay dividends in excess of
regulatory limitations. As of December 31, 2002, Bancorp's subsidiaries had
retained earnings of $144,618 of which $8,444 was available for distribution to
Bancorp as dividends without prior regulatory approval.

34                                                       FIRST FINANCIAL BANCORP
<PAGE>
           NOTE 7 - FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK
           ----------------------------------------------------------

      In the normal course of business, Bancorp offers a variety of financial
instruments with off-balance-sheet risk to its customers to aid them in meeting
their requirements for liquidity and credit enhancement. These financial
instruments include standby letters of credit and commitments outstanding to
extend credit. Accounting principles generally accepted in the United States do
not require these financial instruments to be recorded in the consolidated
balance sheets, statements of earnings, changes in shareholders' equity, or cash
flows. However, a discussion of these instruments follows.

      Bancorp's exposure to credit loss in the event of nonperformance by the
other party to the financial instrument for standby letters of credit and
commitments outstanding to extend credit is represented by the contractual
amounts of those instruments. Bancorp uses the same credit policies in making
commitments and conditional obligations as it does for on-balance-sheet
instruments. Following is a discussion of these transactions.

      Standby letters of credit - These transactions are conditional commitments
issued by Bancorp to guarantee the performance of a customer to a third party.
Bancorp's portfolio of standby letters of credit consists primarily of
performance assurances made on behalf of customers who have a contractual
commitment to produce or deliver goods or services. The risk to Bancorp arises
from its obligation to make payment in the event of the customers' contractual
default. Bancorp has issued standby letters of credit aggregating $33,167 and
$24,516 at December 31, 2002, and 2001, respectively.

      Management conducts regular reviews of these instruments on an individual
customer basis, and the results are considered in assessing the adequacy of
Bancorp's allowance for loan losses. Management does not anticipate any material
losses as a result of these letters of credit.

      Loan commitments - Commitments to extend credit are agreements to lend to
a customer as long as there is no violation of any condition established in the
contract. Commitments generally have fixed expiration dates or other termination
clauses and may require payment of a fee. Since many of the commitments are
expected to expire without being drawn upon, the total commitment amounts do not
necessarily represent future cash requirements. Bancorp evaluates each
customer's creditworthiness on an individual basis. The amount of collateral
obtained, if deemed necessary by Bancorp upon extension of credit, is based on
management's credit evaluation of the counterparty. The collateral held varies,
but may include securities, real estate, inventory, plant, or equipment. Bancorp
had commitments outstanding to extend credit totaling $464,777 and $477,689 at
December 31, 2002, and 2001, respectively. Management does not anticipate any
material losses as a result of these commitments.

                       NOTE 8 - ACCOUNTING FOR DERIVATIVES
                       -----------------------------------

      In November of 2001, Bancorp's board of directors approved a policy
authorizing the use of certain derivative products as a tool for the management
of interest rate risk. Approved derivatives include interest rate caps, floors,
and swaps. These instruments will allow Bancorp to meet the needs of its
customers, yet reduce the interest rate risk associated with certain
transactions. Bancorp follows the provisions of SFAS No. 133 "Accounting for
Derivative Instruments and Hedging Activities" in accounting for its derivative
activities. Bancorp has interest rate swaps that are accounted for as fair value
hedges under SFAS No. 133. Bancorp utilizes interest rate swap agreements to
effectively modify its exposure to interest rate risk by converting certain
fixed rate assets to floating rate. The use of these interest rate swaps allows
Bancorp's subsidiary banks to offer a long-term fixed-rate loan to commercial
borrowers. The interest rate swaps allow Bancorp to convert the fixed interest
rate to a variable rate that better suits its funding position. The swap
agreements involve the receipt of floating rate amounts in exchange for fixed
interest payments over the life of the agreements without an exchange of the
underlying principal amount. The swaps are accounted for under the short-cut
method. These contracts are designated as hedges of specific assets. The net
interest receivable or payable on swaps is accrued and recognized as an
adjustment to the interest income or expense of the hedged asset. At December
31, 2002, Bancorp had interest rate swaps with a notional value of $5,012. The
fair value of the swaps was an unrealized loss of $301 at December 31, 2002.
This amount is included with other assets on the balance sheet. A corresponding
fair value adjustment was also included on the balance sheet with the hedged
item.

      Bancorp is exposed to losses if a counterparty fails to make its payment
under a contract in which Bancorp is in the receiving position. Although
collateral or other security may not be obtained, Bancorp minimizes its credit
risk by monitoring the credit standing of each counterparty and believes that
each will be able to fully satisfy its obligation under the agreement.

2002 ANNUAL REPORT                                                            35
<PAGE>
                         NOTE 9 - INVESTMENT SECURITIES
                         ------------------------------

The following is a summary of investment securities as of December 31, 2002:

<TABLE>
<CAPTION>
                                              HELD-TO-MATURITY                             AVAILABLE-FOR-SALE
                                 -------------------------------------------   -------------------------------------------
                                                  UNREALIZED                                    UNREALIZED
                                 AMORTIZED   -------------------     MARKET    AMORTIZED   -------------------     MARKET
                                   COST       GAINS      LOSSES      VALUE       COST       GAINS      LOSSES      VALUE
                                 ---------   --------   --------    --------   ---------   --------   --------    --------
                                                                   (Dollars in thousands)
<S>                              <C>         <C>        <C>         <C>        <C>         <C>        <C>         <C>
Securities of U.S. government
  agencies and corporations                                                    $ 132,971   $  2,412   $      0    $135,383
Mortgage-backed securities       $   2,225   $    123   $     (2)   $  2,346     295,859      9,972        (35)    305,796
Obligations of state and
  other political subdivisions      19,256        419        (14)     19,661     114,445      5,756        (13)    120,188
Other securities                        90          0          0          90      43,856        160        (38)     43,978
                                 ---------   --------   --------    --------   ---------   --------   --------    --------
  TOTAL                          $  21,571   $    542   $    (16)   $ 22,097   $ 587,131   $ 18,300   $    (86)   $605,345
                                 =========   ========   ========    ========   =========   ========   ========    ========
</TABLE>

The following is a summary of investment securities as of December 31, 2001:

<TABLE>
<CAPTION>
                                              HELD-TO-MATURITY                             AVAILABLE-FOR-SALE
                                 -------------------------------------------   -------------------------------------------
                                                  UNREALIZED                                    UNREALIZED
                                 AMORTIZED   -------------------     MARKET    AMORTIZED   -------------------     MARKET
                                   COST       GAINS      LOSSES      VALUE       COST       GAINS      LOSSES      VALUE
                                 ---------   --------   --------    --------   ---------   --------   --------    --------
                                                                   (Dollars in thousands)
<S>                              <C>         <C>        <C>         <C>        <C>         <C>        <C>         <C>
U.S. Treasury securities                                                       $     101   $      1   $      0    $    102
Securities of U.S. government
  agencies and corporations                                                       96,579      2,058       (138)     98,499
Mortgage-backed securities       $   3,351   $    153   $     (4)   $  3,500     321,613      5,344       (640)    326,317
Obligations of state and
  other political subdivisions      17,539        523        (15)     18,047     127,339      2,622       (834)    129,127
Other securities                                                                  41,314        241          0      41,555
                                 ---------   --------   --------    --------   ---------   --------   --------    --------
  TOTAL                          $  20,890   $  676     $    (19)   $ 21,547   $ 586,946   $ 10,266   $ (1,612)   $595,600
                                 =========   ========   ========    ========   =========   ========   ========    ========
</TABLE>


      The carrying value of investment securities as of December 31, 2000, by
category was as follows: U.S. Treasury $3,492, U.S. government agencies and
corporations $143,861, mortgage-backed $250,284, obligations of state and other
political subdivisions $156,303, and other $35,622.

      During the years ended December 31, 2002, 2001, and 2000, no
available-for-sale securities were sold.

      There were net investment gains after taxes of $58, $188, and $73 for the
years ended December 31, 2002, 2001, and 2000, respectively. The applicable
income tax effects were an expense of $31 for 2002 and benefits of $114 and $34
for 2001 and 2000, respectively.

      The carrying value of investment securities pledged to secure public
deposits and for other purposes as required by law amounted to $282,416 at
December 31, 2002.

      The amortized cost and market value of investment securities, including
mortgage-backed securities at December 31, 2002, by contractual maturity, are
shown in the table below.

      Expected maturities will differ from contractual maturities because
issuers may have the right to call or prepay obligations with or without call or
prepayment penalties.

<TABLE>
<CAPTION>
                                             HELD-TO-MATURITY        AVAILABLE-FOR-SALE
                                           ---------------------    ---------------------
                                           AMORTIZED     MARKET     AMORTIZED     MARKET
                                             COST        VALUE        COST        VALUE
                                           ---------    --------    ---------    --------
                                                       (Dollars in thousands)
<S>                                        <C>          <C>         <C>          <C>
Due in one year or less                    $  1,453     $  1,464    $ 24,693     $ 24,911
Due after one year through five years        13,609       13,994     141,437      144,951
Due after five years through ten years        3,593        3,689      70,795       73,727
Due after ten years                           2,916        2,950     350,206      361,756
                                           ---------    --------    ---------    --------
  TOTAL                                    $ 21,571     $ 22,097    $587,131     $605,345
                                           =========    ========    =========    ========
</TABLE>

36                                                       FIRST FINANCIAL BANCORP
<PAGE>
                                 NOTE 10 - LOANS
                                 ---------------

Information as to nonaccrual and restructured loans at December 31 was as
follows:

<TABLE>
<CAPTION>
                                            2002      2001      2000
                                           -------   -------   -------
                                              (Dollars in thousands)
<S>                                        <C>       <C>       <C>
Principal balance
  Nonaccrual loans                         $21,456   $24,628   $17,346
  Restructured loans                         5,375     1,291       265
                                           -------   -------   -------
    TOTAL                                  $26,831   $25,919   $17,611
                                           =======   =======   =======

Interest income effect
  Gross amount of interest that would
    have been recorded at original rate    $ 2,549   $ 1,609   $ 2,560
  Interest included in income                  744       416     1,613
                                           -------   -------   -------
    NET IMPACT ON INTEREST INCOME          $ 1,805   $ 1,193   $   947
                                           =======   =======   =======
</TABLE>

      At December 31, 2002, there were no commitments outstanding to lend
additional funds to borrowers with nonaccrual or restructured loans.

      The balances of other real estate acquired through loan foreclosures,
in-substance foreclosures, repossessions or other workout situations, net of the
related allowance, totaled $2,792, $2,338, and $1,075 at December 31, 2002,
2001, and 2000, respectively.

      Changes in the allowance for loan losses for the three years ended
December 31 were as follows:

                                            2002      2001      2000
                                           -------   -------   -------
                                             (Dollars in  thousands)
Balance at beginning of year               $46,784   $39,349   $39,340
Allowance acquired through mergers               0     1,462        0
Provision for loan losses                   16,174    26,813    11,300
Loans charged-off                          (19,873)  (23,632)  (13,644)
Recoveries                                   5,092     2,792     2,353
                                           -------   -------   -------
  BALANCE AT END OF YEAR                   $48,177   $46,784   $39,349
                                           =======   =======   =======

      The allowances for loan losses related to loans that are identified for
evaluation in accordance with SFAS No. 114 are based on discounted cash flows
using the loan's initial effective interest rate or the fair value of the
collateral for certain collateral dependent loans.

      At December 31, 2002, 2001, and 2000, the total recorded investment in
loans that are considered to be impaired under SFAS No. 114 was $6,745, $2,006,
and $8,904, respectively. For those same periods, the recorded investment in
loans for which there is a related allowance for loan losses was $6,093, $801,
and $8,839, respectively. The related allowance for loan losses on these
impaired loans was $1,131 at December 31, 2002, $529 at December 31, 2001, and
$2,008 at December 31, 2000. At December 31, 2002, 2001, and 2000, there were
$652, $1,205, and $65, respectively, that as a result of write-downs, did not
have an allowance for loan losses. The average recorded investment in impaired
loans during the year ended December 31, 2002, was approximately $4,280 versus
$4,343 for the year ended December 31, 2001, and $5,517 for the year ended
December 31, 2000. For the years ended December 31, 2002, 2001, and 2000,
Bancorp recognized interest income on those impaired loans of $84, $143, and
$218, respectively. Bancorp recognizes income on impaired loans using the cash
basis method.

      Custodial escrow balances maintained in connection with these mortgage
loans serviced were approximately $3,380, $3,336, and $3,313 at December 31,
2002, 2001, and 2000, respectively.

                            NOTE 11 - LEASE FINANCING
                            -------------------------

Leases included in the loan portfolio at December 31 were composed as follows:

<TABLE>
<CAPTION>
                                                2002         2001
                                              ---------   ----------
                                              (Dollars in thousands)

<S>                                           <C>         <C>
Direct financing                              $  13,055   $   21,269
Leveraged                                             0          557
                                              ---------   ----------
Net rentals receivable                           13,055       21,826
Estimated residual value of leased assets        10,065       18,494
Less unearned income                              2,089        4,181
                                              ---------   ----------
  Investment in leases, net                   $  21,031   $   36,139
                                              =========   ==========
</TABLE>

Direct financing lease payments receivable as of December 31, 2002, for the next
five years and thereafter are as follows:

<TABLE>
<CAPTION>
                       DIRECT FINANCING LEASES
                        (Dollars in thousands)
                        ----------------------
<S>                            <C>
2003                           $5,785
2004                            4,062
2005                            2,158
2006                              737
2007                              279
Thereafter                         34
</TABLE>

2002 ANNUAL REPORT                                                            37
<PAGE>
                        NOTE 12 - PREMISES AND EQUIPMENT
                        --------------------------------

Premises and equipment at December 31 were summarized as follows:

<TABLE>
<CAPTION>
                                     2002        2001
                                  ---------    --------
                                  (Dollars in thousands)

<S>                               <C>          <C>
Land and land improvements        $  14,809    $ 14,513
Buildings                            53,841      54,934
Furniture and fixtures               38,277      42,498
Leasehold improvements                5,920       5,624
Construction in progress              1,028       1,041
                                  ---------    --------
                                    113,875     118,610
Less accumulated depreciation
  and amortization                   57,527      58,035
                                  ---------    --------
    TOTAL                         $  56,348    $ 60,575
                                  =========    ========
</TABLE>

      Rental expense recorded under operating leases in 2002, 2001, and 2000 was
$1,576, $358, and $139, respectively.

      As of December 31, 2002, future minimum lease payments were $2,834 for
2003, $2,828 for 2004 and $2,112 for 2005.

      Capital lease agreements for land and buildings at December 31, 2002, were
immaterial.

                              NOTE 13 - BORROWINGS
                              --------------------

The following is a summary of short-term borrowings for the last three years:

<TABLE>
<CAPTION>
                                                     2002                         2001                         2000
                                           -------------------------    -------------------------    -------------------------
                                             AMOUNT         RATE          AMOUNT         RATE          AMOUNT         RATE
                                           -----------   -----------    -----------   -----------    -----------   -----------
                                                                                   (Dollars in thousands)
<S>                                        <C>           <C>            <C>           <C>            <C>           <C>

At year end:
   Federal funds purchased and securities
     sold under agreements to repurchase   $    55,766          1.01%   $    67,641          1.31%   $    53,581          5.54%
   Federal Home Loan Bank borrowings                 0          0.00%             0          0.00%        85,500          6.30%
   Other short-term borrowings                  39,414          2.02%        25,811          2.29%         7,487          6.08%
                                           -----------                  -----------                  -----------
   Total                                   $    95,180          1.37%   $    93,452          1.58%   $   146,568          6.01%
                                           ===========   ===========    ===========   ===========    ===========   ===========

Average for the year:
   Federal funds purchased and securities
     sold under agreements to repurchase   $    54,306          1.49%   $    46,974          3.29%   $    68,720          4.54%
   Federal Home Loan Bank borrowings             6,944          1.88%        12,330          6.00%       245,880          6.38%
   Other short-term borrowings                  28,938          2.71%        15,936          4.56%         1,937          6.96%
                                           -----------                  -----------                  -----------
   Total                                   $    90,188          1.91%   $    75,240          4.01%   $   316,537          5.98%
                                           ===========   ===========    ===========   ===========    ===========   ===========

Maximum month-end balances:
   Federal funds purchased and securities
     sold under agreements to repurchase   $    65,214                  $    67,641                  $   115,109
   Federal Home Loan Bank borrowings            42,200                       83,000                      344,350
   Other short-term borrowings                  35,347                       28,912                        4,243
</TABLE>

      Bancorp's policy regarding collateralization of repurchase agreements is
to comply with all federal regulations.

      At December 31, 2002, Bancorp had a short-term revolving line of credit
with a financial institution of $50,000. As of year end, the outstanding balance
was $30,500. The interest rate on this line of credit is the current federal
funds rate plus a spread. The line of credit has a financial requirement whereby
Bancorp's affiliates must maintain a risk-based capital level of a
well-capitalized institution. Also, Bancorp must maintain an allowance for loan
losses which matches or exceeds its level of nonperforming loans. Bancorp was in
compliance with these requirements as of December 31, 2002.

      Federal Home Loan Bank long-term borrowings - Long-term borrowings at
December 21, 2002, totalled $290,051 and consisted exclusively of Federal Home
Loan Bank (FHLB) advances with rates ranging from 3.16% to 6.90%, with interest
payable monthly. The long-term advances mature as follows: $1,200 in 2003,
$16,500 in 2004, $7,000 in 2005, $26,172 in 2006, $27,000 in 2007, and $212,179
after 2007.

      Federal Home Loan Bank advances, both short-term and long-term, were
secured by certain residential mortgage loans, as well as certain government and
agency securities, with a book value of $748,655 at December 31, 2002.

      Corporation-obligated mandatorily redeemable capital securities of
subsidiary trust - The corporation-obligated mandatorily redeemable capital
securities (the "capital securities") of subsidiary trust, which appears on the
balance sheet, are commonly known as Trust Preferred Securities. The subsidiary
trust holds solely the junior subordinated debt securities of Bancorp (the
"debentures"). The capital securities were issued in the third quarter of 2002
by a statutory business trust - First Financial (OH) Statutory Trust I, of which
100% of the common equity of the trust is owned by Bancorp. The trust was formed
with the sole purpose of issuing the capital

38                                                       FIRST FINANCIAL BANCORP
<PAGE>
securities and investing the proceeds from the sale of such capital securities
in the debentures. The debentures held by the trust are the sole assets of the
trust. Distributions on the capital securities are payable quarterly at a
variable rate of interest, which is equal to the interest rate being earned by
the trust on the debentures and are recorded as interest expense of Bancorp. The
capital securities are subject to mandatory redemption, in whole or in part,
upon repayment of the debentures. Bancorp has entered into agreements which,
taken collectively, fully or unconditionally guarantee the capital securities
subject to the terms of the guarantees. The debentures qualify as Tier I capital
under Federal Reserve Board guidelines and are first redeemable, in whole or in
part, by Bancorp on September 25, 2007, and mature on September 25, 2032. The
amount outstanding, net of offering costs, as of December 31, 2002, was $10,000.

                             NOTE 14 - INCOME TAXES
                             ----------------------

Income tax expense consisted of the following components:

<TABLE>
<CAPTION>
                              2002          2001        2000
                           ---------     ---------    ---------
                                (Dollars in thousands)
<S>                        <C>           <C>          <C>
Current:
  Federal                  $  29,861     $  18,431    $  24,548
  State                        1,799         2,636        3,134
                           ---------     ---------    ---------
    Total                     31,660        21,067       27,682
Deferred expense              (9,125)        1,064        1,058
                           ---------     ---------    ---------
    INCOME TAX EXPENSE     $  22,535     $  22,131    $  28,740
                           =========     =========    =========
</TABLE>

The difference between the federal income tax rates, applied to income before
income taxes, and the effective rates were due to the following:

<TABLE>
<CAPTION>
                                                               2002          2001        2000
                                                            ---------     ---------    ---------
                                                                   (Dollars in thousands)

<S>                                                         <C>           <C>          <C>
Income taxes computed at federal statutory rate of 35%      $  24,770     $  22,904    $  30,431
State income taxes, net of federal tax benefit                  1,169         1,713        2,037
Effect of tax-exempt interest                                  (3,143)       (2,073)      (3,014)
Other                                                            (261)         (413)        (714)
                                                            ---------     ---------    ---------
     INCOME TAX EXPENSE                                     $  22,535     $  22,131    $  28,740
                                                            =========     =========    =========
</TABLE>

      SFAS No. 109, "Accounting for Income Taxes," requires that deferred tax
assets and liabilities be carried at the enacted tax rate. The enacted tax rate
was 35% for years ended December 31, 2002, 2001, and 2000.

The major components of the temporary differences that give rise to deferred tax
assets and liabilities at December 31, 2002 and 2001, were as follows:

<TABLE>
<CAPTION>
                                                                               2002         2001
                                                                             ---------    ---------
                                                                             (Dollars in thousands)
<S>                                                                          <C>          <C>
Deferred tax assets
  Allowance for loan losses                                                  $  16,759    $  14,577
  Mark to market adjustment                                                      3,095          795
  Other real estate owned                                                          383          (18)
  Postretirement benefits other than pension liability                             804          847
  Pension liability                                                                603          230
  Unfunded pension liability                                                     1,665            0
  Other                                                                          1,253          255
                                                                             ---------    ---------
      TOTAL DEFERRED TAX ASSETS                                                 24,562       16,686
Deferred tax liabilities
  Tax greater than book depreciation                                             1,869        1,994
  Leasing activities                                                             5,164        7,166
  Federal Home Loan Bank stock basis difference                                  2,539        2,287
  Deferred loan fees                                                             1,560        2,054
  Purchase accounting adjustment                                                     9         (162)
  Other                                                                          2,323        1,374
                                                                             ---------    ---------
      TOTAL DEFERRED TAX LIABILITIES                                            13,464       14,713

      Net deferred tax asset recognized through the statement of earnings       11,098        1,973
      Net deferred tax liability from valuation adjustments of investment
        securities available-for-sale, recognized in equity section of
        balance sheet                                                           (6,991)      (3,361)
                                                                             ---------    ---------
      TOTAL NET DEFERRED TAX ASSET (LIABILITY)                               $   4,107    $  (1,388)
                                                                             =========    =========
</TABLE>

2002 ANNUAL REPORT                                                            39
<PAGE>
                          NOTE 15 - RISK-BASED CAPITAL

       The Federal Reserve established risk-based capital requirements for U.S.
banking organizations which have been adopted by the Office of Thrift
Supervision for savings and loan associations. Risk weights are assigned to
on- and off-balance-sheet items in arriving at risk-adjusted total assets.
Regulatory capital is divided by risk-adjusted total assets, with the resulting
ratios compared to minimum standards to determine whether a bank has adequate
capital.

         Regulatory guidelines require a 4.00% Tier 1 capital ratio, an 8.00%
total risk-based capital ratio, and a 4.00% leverage ratio. Tier 1 capital
consists primarily of common shareholders' equity, net of intangibles, and total
risk-based capital is Tier 1 capital plus Tier 2 supplementary capital, which is
primarily the allowance for loan losses subject to certain limits. The leverage
ratio is a result of dividing Tier 1 capital by average total assets less
certain intangibles.

      While Bancorp's subsidiaries' ratios are well above regulatory
requirements, management will continue to monitor the asset mix which affects
these ratios due to the risk weights assigned various assets, and the allowance
for the loan losses, which influences the total risk-based capital ratio.

      The table below illustrates the risk-based capital calculations and
ratios for the last two years.

<TABLE>
<CAPTION>
                                                                           DECEMBER 31,

                                                                      2002              2001
                                                                   -----------       -----------
                                                                       (Dollars in thousands)
<S>                                                                <C>               <C>
Tier 1 capital

    Shareholders' equity                                           $  377,603        $  384,543
    Less certain intangibles                                           32,290            32,465
    Less unrealized gains from available for sale securities           11,223             5,348
    Add corporation-obligated mandatorily redeemable
        capital securities of subsidiary trust                         10,000                 0
                                                                   ----------        ----------
        TOTAL TIER 1 CAPITAL                                       $  344,090        $  346,730
                                                                   ==========        ==========
Total risk-based capital
    Tier 1 capital                                                 $  344,090        $  346,730
    Qualifying allowance for loan losses                               34,249            35,111
                                                                   ----------        ----------
        TOTAL RISK-BASED CAPITAL                                   $  378,339        $  381,841
                                                                   ==========        ==========
RISK WEIGHTED ASSETS                                               $2,726,025        $2,797,210
                                                                   ==========        ==========
RISK-BASED RATIOS
        TIER 1 CAPITAL                                                   12.6%             12.4%
                                                                   ==========        ==========
        TOTAL RISK-BASED CAPITAL                                         13.9%             13.7%
                                                                   ==========        ==========
        LEVERAGE                                                          9.3%              9.1%
                                                                   ==========        ==========
</TABLE>

40                                                      FIRST FINANCIAL BANCORP
<PAGE>

                        NOTE 16 - EMPLOYEE BENEFIT PLANS

      Bancorp sponsors a non-contributory defined benefit pension plan covering
substantially all employees. Plan assets are administered by the Trust
Department of First Financial Bank. Plan assets primarily consist of equity and
debt mutual funds, stocks, corporate bonds, and money market funds.
Approximately 99.4% and 98.1% of plan assets at December 31, 2002 and 2001,
respectively, were invested in collective trust funds with First Financial Bank.
The pension plan does not own any shares of Bancorp common stock.

      The following tables set forth information concerning amounts recognized
in Bancorp's Consolidated Balance Sheets and Consolidated Statements of
Earnings:

<TABLE>
<CAPTION>

                                                                    DECEMBER 31,

                                                               2002            2001
                                                             --------        --------
                                                              (Dollars in thousands)
<S>                                                          <C>             <C>


CHANGE IN BENEFIT OBLIGATION
Benefit obligation at beginning of year                      $ 33,169        $ 27,773
Service cost                                                    2,486           2,306
Interest cost                                                   2,340           2,236
Amendments                                                         14               0
Actuarial loss                                                  1,966           4,449
Benefits paid                                                  (3,452)         (3,595)
                                                             --------        --------
   Benefit obligation at end of year                           36,523          33,169

CHANGE IN PLAN ASSETS
Fair value of plan assets at beginning of year                 22,976          21,667
Actual return on plan assets                                   (1,912)            131
Employer contributions                                          1,285           4,773
Benefits paid                                                  (3,452)         (3,595)
                                                             --------        --------
   Fair value of plan assets at end of year                    18,897          22,976
                                                             --------        --------
Funded status                                                 (17,626)        (10,193)
Unrecognized transition amount                                   (380)           (460)
Unrecognized prior service cost                                   583             822
Unrecognized actuarial loss                                    14,412           8,561
                                                             --------        --------
   NET AMOUNT RECOGNIZED IN THE CONSOLIDATED
      BALANCE SHEETS (ACCRUED BENEFIT LIABILITY)             $ (3,011)       $ (1,270)
                                                             ========        ========

AMOUNTS RECOGNIZED IN SETTLEMENT OF FINANCIAL POSITION
Accrued benefit liability                                    $ (8,308)       $ (1,270)
Intangible pension asset                                          583               0
Other comprehensive income, net of taxes                        3,034               0
Deferred tax assets                                             1,680               0
                                                             --------        --------
   NET AMOUNT RECOGNIZED                                     $ (3,011)       $ (1,270)
                                                             ========        ========
</TABLE>
<TABLE>
<CAPTION>
           WEIGHTED-AVERAGE ASSUMPTIONS                                   DECEMBER 31,

                                                                        2002        2001
                                                                        ----        ----
<S>                                                                     <C>         <C>
Discount rate                                                           6.95%       7.25%
Expected return on plan assets                                          9.00%       9.00%
Rate of compensation increase                                           3.50%       3.50%
</TABLE>

<TABLE>
<CAPTION>

COMPONENTS OF NET PERIODIC BENEFIT COST                         DECEMBER 31,
                                                        2002          2001           2000
                                                      -------        -------        -------
                                                               (Dollars in thousands)
<S>                                                   <C>            <C>            <C>
Service cost                                          $ 2,486        $ 2,306        $ 2,115
Interest cost                                           2,340          2,236          2,007
Expected return on assets                              (2,203)        (2,051)        (2,000)
Amortization of transition asset                          (80)          (270)          (305)
Amortization of unrecognized prior service cost           253            252            252
Amortization of actuarial loss                            230            120              0
                                                      -------        -------        -------
   NET PERIODIC PENSION COST                          $ 3,026        $ 2,593        $ 2,069
                                                      =======        =======        =======
</TABLE>

      Bancorp also sponsors a defined contribution 401(k) thrift plan which
covers substantially all employees. Employees may contribute up to 12.0% of
their base salaries into the plan. Bancorp contributions are at the discretion
of the board of directors. During 2002 and 2001, Bancorp contributed $.50 for
each $1.00 an employee contributed, up to a maximum Bancorp contribution of
3.00% of the employee's base salary. All Bancorp matching contributions vest
immediately. Total Bancorp contributions to the 401(k) plan were $909 during
2002, $873 during 2001, and $937 during 2000.

       Bancorp provides life insurance to all full-time employees. Bank-owned
life insurance balances were $51,511 and $44,456 at December 31, 2002, and 2001,
respectively.

2002 ANNUAL REPORT                                                            41
<PAGE>

              NOTE 17 - POSTRETIREMENT BENEFITS OTHER THAN PENSIONS

      Some Bancorp subsidiaries maintain health care and, in limited instances,
life insurance plans for current retired employees. Under the current policy,
the health care plans are unfunded and pay medically necessary expenses incurred
by retirees, after subtracting payments by Medicare or other providers and after
stated deductibles have been met. Bancorp has reserved the right to change or
eliminate these benefit plans.

      The following table sets forth the funded status and amounts recognized in
Bancorp's Consolidated Balance Sheets:

<TABLE>
<CAPTION>

                                                                                   2002            2001
                                                                                  -------        -------
                                                                                  (Dollars in thousands)
<S>                                                                               <C>            <C>
Benefit obligation at beginning of year                                           $ 1,314        $ 1,199
Interest cost                                                                          91             85
Plan participants' contributions                                                       38             23
Actuarial loss                                                                        122            220
Benefits paid                                                                        (247)          (213)
                                                                                  -------        -------
Benefit obligation at end of year                                                   1,318          1,314
Fair value of plan assets at beginning and end of year                                  0              0
                                                                                  -------        -------
Funded status                                                                      (1,318)        (1,314)
Unrecognized actuarial gain                                                          (744)          (883)
Unrecognized prior service cost                                                       (18)           (22)
  NET POSTRETIREMENT LIABILITY RECOGNIZED IN THE BALANCE SHEETS                   $(2,080)       $(2,219)
                                                                                  =======        =======
Net periodic postretirement benefit cost includes the following components:

Interest cost                                                                     $    91        $    85
Amortization of unrecognized prior service cost                                        (4)            (3)
Amortization of actuarial gain                                                        (75)           (94)
                                                                                  -------        -------
  NET PERIODIC BENEFIT COST                                                       $    12        $   (12)
                                                                                  =======        =======
</TABLE>

<TABLE>
<CAPTION>

<S>                                                                                      <C>            <C>        <C>
       The discount rate used to determine the accumulated postretirement                                2002       2001
benefit obligation was 6.95% and 7.25% at December 31, 2002, and                                         -----      -----
December 31, 2001, respectively. The assumed health care cost trend rates used             2002                    10.00%
in determining the accumulated postretirement benefit obligation are shown in              2003          9.00%      9.00%
the table to the right.                                                                    2004          8.00%      8.00%
                                                                                           2005          7.00%      7.00%
       If the health care cost trend rate assumptions were increased by 1.00%,             2006          6.00%      6.00%
the accumulated postretirement benefit obligation as of December 31, 2002,                 2007          5.00%      5.00%
would be increased by approximately $104.                                                Thereafter      5.00%      5.00%
       If the health care cost trend rate assumptions were decreased by 1.00%,
the accumulated postretirement benefit obligation as of December 31, 2002, would
be decreased by approximately $94.

</TABLE>

                          NOTE 18 - EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per
share:

<TABLE>
<CAPTION>

                                                                                       2002              2001               2000
                                                                                    -----------       -----------       -----------
                                                                                     (Dollars in  thousands, except per share data)
<S>                                                                                 <C>               <C>               <C>
Net income- numerator for basic and diluted earnings per share -
    income available to common stockholders                                         $    48,235       $    43,309       $    58,222
                                                                                    ===========       ===========       ===========
Denominator for basic earnings per share - weighted average shares                   45,880,649        47,427,921        48,775,547
Effect of dilutive securities - employee stock options                                  120,152             1,394            86,740
                                                                                    -----------       -----------       -----------
Denominator for diluted earnings per share - adjusted weighted average shares        46,000,801        47,479,315        48,862,287
                                                                                    ===========       ===========       ===========
Basic earnings per share                                                            $      1.05       $      0.91       $      1.19
                                                                                    ===========       ===========       ===========
Diluted earnings per share                                                          $      1.05       $      0.91       $      1.19
                                                                                    ===========       ===========       ===========
</TABLE>

42                                                       FIRST FINANCIAL BANCORP
<PAGE>

                             NOTE 19 - STOCK OPTIONS

      The 1991 Stock Incentive Plan provides incentive stock options and stock
awards to certain key employees and non-qualified stock options to directors of
Bancorp who are not employees for up to 1,691,036 common shares of Bancorp. The
options are not exercisable for at least one year from the date of grant and are
thereafter exercisable for such periods (which may not exceed 10 years) as the
board of directors, or a committee thereof, specifies, provided that the
optionee has remained in the employment of Bancorp or its subsidiaries. The
board or the committee may accelerate the exercise period for an option upon the
optionee's disability, retirement, or death. All options expire at the end of
the exercise period. Cancelled and expired options become available for issuance
and are reflected in the available for future grant figure. On April 27, 1999,
the shareholders approved the 1999 Stock Incentive Plan, which provides for
7,507,500 similar options and awards.

      Bancorp has elected to follow Accounting Principles Board Opinion No. 25,
"Accounting for Stock Issued to Employees" (APB 25), and related interpretations
in accounting for its stock options because, as discussed below, the alternative
fair value accounting provided for under SFAS No. 123, "Accounting for
Stock-Based Compensation" requires use of option valuation models that were not
developed for use in valuing stock options. Under APB 25, because the exercise
price of Bancorp's employee stock options equaled the market price of the
underlying stock on the date of grant, no compensation expense was recognized.

       Pro forma information regarding net income and earnings per share is
required by SFAS No. 123 and has been determined as if Bancorp had accounted for
its stock options under the fair value method of that statement. The fair value
for these options was estimated at the date of grant using a Black-Scholes
option pricing model with the following weighted-average assumptions for 2002,
2001, and 2000, respectively: risk-free interest rates of 4.37%, 4.94%, and
6.52%; dividend yields of 3.43%, 3.61%, and 3.25%; volatility factors of the
expected market price of Bancorp's common stock of 0.222, 0.220, and 0.215; and
a weighted average expected life of the options of 5.09, 4.50, and 3.90 years.
At December 31, 2002, the weighted average exercise price of the exercisable
options was $17.66, and the weighted average remaining contractual life of those
options was 6.5 years.

      The Black-Scholes option valuation model was developed for use in
estimating the fair value of traded options which have no vesting restrictions
and are fully transferable. In addition, option valuation models require the
input of highly subjective assumptions including the expected stock price
volatility. Because Bancorp's stock options have characteristics significantly
different from those of traded options, and because changes in the subjective
input assumptions can materially affect the fair value estimate, in management's
opinion, the existing models do not necessarily provide a reliable single
measure of the fair value of its stock options.

       For purposes of pro forma disclosures, the estimated fair value of the
options is amortized to expense over the options' vesting period. Bancorp's pro
forma information follows:

<TABLE>
<CAPTION>

                                       2002           2001             2000
                                   ----------       ----------       ----------
                                    (Dollars in thousands, except per share data)
<S>                                <C>              <C>              <C>
Pro forma net earnings             $   46,782       $   42,392       $   55,778
                                   ==========       ==========       ==========
Pro forma earnings per share       $     1.02       $     0.89       $     1.14
                                   ==========       ==========       ==========
</TABLE>

Activity in the above plan for 2002, 2001, and 2000 is summarized as follows:

<TABLE>
<CAPTION>

                                                     2002                           2001                             2000
                                         NUMBER OF         OPTION       NUMBER OF          OPTION        NUMBER OF         OPTION
                                          SHARES           PRICE          SHARES            PRICE         SHARES            PRICE
                                          ------           -----          ------            -----         ------            -----
<S>                                    <C>            <C>             <C>              <C>             <C>             <C>
Outstanding at beginning of year         1,597,360                      1,403,595                           779,524
Granted                                    250,402    $ 17.20-18.84       284,172      $ 15.37-16.01        678,011    $ 16.90-17.86
Exercised                                  (78,386)   $  7.14-17.86       (19,719)     $  7.36-11.30        (24,877)   $  7.14-11.30
Cancelled                                 (181,621)   $ 11.13-22.57       (70,688)     $  7.36-22.57        (29,063)   $ 17.57-19.09
                                       -----------                    -----------                       -----------
 OUTSTANDING AT END OF YEAR              1,587,755    $  8.20-22.57     1,597,360      $  7.14-22.57      1,403,595    $  7.14-22.57
                                       ===========                    ===========                       ===========
 EXERCISABLE AT END OF YEAR              1,339,603                      1,319,594                           735,637
                                       ===========                    ===========                       ===========
 AVAILABLE FOR FUTURE GRANT              5,962,775                      7,013,931                         7,227,408
                                       ===========                    ===========                       ===========
 WEIGHTED-AVERAGE FAIR VALUE OF
      OPTIONS GRANTED DURING THE YEAR   $     3.15                    $      2.79                      $       3.56
                                       ===========                    ===========                       ===========
</TABLE>

2002 ANNUAL REPORT                                                           43

<PAGE>

                       NOTE 20 - LOANS TO RELATED PARTIES

      Loans to directors, executive officers, principal holders of Bancorp's
common stock, and certain related persons totaled $48,555, $37,177, and $37,133
at December 31, 2002, 2001, and 2000, respectively.

      Activity of these loans was as follows:

<TABLE>
<CAPTION>

                                 2002         2001            2000
                                        (Dollars in thousands)
<S>                             <C>           <C>           <C>
Beginning balance               $37,177       $37,331       $33,281
Additions                        29,946        17,212        14,988
Collected                        18,568        17,366        10,938
Charged-off                           0             0             0
                                -------       -------       -------
   ENDING BALANCE               $48,555       $37,177       $37,331
                                =======       =======       =======
   LOANS 90 DAYS PAST DUE       $     0       $     0       $     0
                                =======       =======       =======
</TABLE>

      Related parties of Bancorp, as defined above, were customers of and had
transactions with subsidiaries of Bancorp in the ordinary course of business
during the periods noted above. Additional transactions may be expected in the
ordinary course of business in the future. All outstanding loans,
commitments,financing leases, transactions in money market instruments, and
deposit relationships included in such transactions were made on substantially
the same terms, including interest rates and collateral, as those prevailing at
the time for comparable transactions with others, and did not involve more than
a normal risk of collectibility or present other unfavorable features.

                        NOTE 21 - SHAREHOLDER RIGHTS PLAN


         Bancorp has a "shareholder rights plan" under which the holders of
Bancorp's common stock are entitled to receive one "right" per share held.

         Under the plan, each "right" would be distributed only on the 20th
business day after any one of the following events occurs: 1) A public
announcement that a person or group has acquired 20 percent or more (an
"acquiring person") of Bancorp's outstanding common shares, 2) The beginning of
a tender offer or exchange offer that would result in a person or group owning
30 percent or more of the corporation's outstanding common shares, or 3) A
declaration by the board of directors of a shareholder as an "adverse person."
(An adverse person is a person who owns at least 10 percent of the common shares
and attempts "greenmail," or is likely to cause a material adverse impact on the
Bancorp-such as impairing customer relationships, harming the company's
competitive position or hindering the board's ability to effect a transaction it
deems to be in the shareholders' best interest.)

         In the event of such a distribution, each "right" would entitle the
holder to purchase, at an exercise price of $38.96, one share of common stock of
the corporation. Subject to the "exchange option" described below, if a person
or group acquires 30 percent or more of Bancorp's outstanding common shares or
is declared an "adverse person" by the board of directors of the corporation,
each "right" would entitle the holder to purchase, at an exercise price of
$38.96, a number (to be determined under the plan) of shares of common stock of
the corporation at a price equal to 50 percent of its then current market price.
However, any "rights" held by an "acquiring person" or an "adverse person" could
not be exercised.

         Additionally, each "right" holder would be entitled to receive common
stock of any acquiring company worth two times the exercise price of the
"right," should either of the following happen after a person becomes an
"acquiring person": 1) Bancorp is acquired in a merger or other transaction
other than a merger which the independent directors determine to be in the best
interest of Bancorp and its shareholders, or 2) 50 percent or more of Bancorp's
assets or earning power is sold or transferred.

         At any time after any person becomes an "acquiring person" or an
"adverse person," the plan gives Bancorp's board of directors the option (the
"exchange option") to exchange all or part of the outstanding "rights" (except
"rights" held by an "acquiring person" or an "adverse person") for shares of
Bancorp's common stock at an exchange ratio of 0.8 shares of common stock per
"right." In the event that Bancorp's board of directors adopts the "exchange
option," each "right" would entitle the holder thereof to receive 0.8 shares of
common stock per "right." Any partial exchange would be effected pro rata based
on the number of "rights" held by each holder of "rights" included in the
exchange.

         Bancorp may redeem "rights" for $0.01 per "right" at any time prior to
the 20th business day following the date when a person acquires 20 percent of
the outstanding shares. Bancorp may not redeem the "rights" when a holder has
become an "adverse person."

         The Board's adoption of this "rights" plan has no financial effect on
Bancorp, is not dilutive to Bancorp shareholders, is not taxable to the
corporation or its shareholders, and will not change the way in which Bancorp
common shares are traded. "Rights" are not exercisable until distributed; and
all "rights" will expire at the close of business on December 6, 2003, unless
earlier redeemed by Bancorp.

44                                                       FIRST FINANCIAL BANCORP
<PAGE>

        NOTE 22 - DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS


      The following methods and assumptions were used by Bancorp in estimating
its fair value disclosures for financial instruments:

      Cash and short-term investments - The carrying amounts reported in the
balance sheet for cash and short-term investments, such as
interest-bearing deposits with other banks and federal funds sold, approximated
the fair value of those instruments.

      Investment securities (including mortgage-backed securities) - Fair values
for investment securities were based on quoted market prices, where available.
If quoted market prices were not available, fair values were based on quoted
market prices of comparable instruments. (Refer to Note 9 for further
disclosure.)

      Loans - For variable-rate loans that reprice frequently with no
significant change in credit risk, fair values were based on carrying values.
The fair values of other loans and leases, such as commercial real estate and
consumer loans, were estimated by discounting the future cash flows using the
current rates at which similar loans and leases would be made to borrowers with
similar credit ratings and for the same remaining maturities. The carrying
amount of accrued interest approximated its fair value.

      Deposit liabilities - The fair value of demand deposits, savings accounts,
and certain money market deposits was the amount payable on demand at the
reporting date. The carrying amounts for variable-rate certificates of deposit
approximated their fair values at the reporting date. The fair value of
fixed-rate certificates of deposit was estimated using a discounted cash flow
calculation which applies the interest rates currently offered for deposits of
similar remaining maturities. The carrying amount of accrued interest
approximated its fair value.

      Borrowings - The carrying amounts of federal funds purchased and
securities sold under agreements to repurchase and other short-term borrowings
approximated their fair values. The fair value of long-term borrowings was
estimated using a discounted cash flow calculation which utilizes the interest
rates currently offered for borrowings of similar remaining maturities. The
carrying amount of the corporation-obligated mandatorily redeemable capital
securities of subsidiary trust approximated its fair value.

      Commitments to extend credit and standby letters of credit - Pricing of
these financial instruments is based on the credit quality and relationship,
fees, interest rates, probability of funding and compensating balance and
other covenants or requirements. Loan commitments generally have fixed
expiration dates, are variable rate and contain termination and other clauses
which provide for relief from funding in the event that there is a significant
deterioration in the credit quality of the customer. Many loan commitments are
expected to expire without being drawn upon. The rates and terms of the
commitments to extend credit and the standby letters of credit are competitive
with those in Bancorp's market area. The carrying amounts are reasonable
estimates of the fair value of these financial instruments. Carrying amounts
which are comprised of the unamortized fee income and, where necessary, reserves
for any expected credit losses from these financial instruments, are immaterial.
(Refer to Note 7 for additional information.)

      Derivative financial instruments - Fair values for derivative
financial instruments, specifically interest rate swaps, were determined using
market quotes for those instruments.

      Bancorp does not carry financial instruments which are held or issued for
trading purposes.

      The estimated fair values of Bancorp's financial instruments at December
31 were as follows:

<TABLE>
<CAPTION>

                                                               2002                                    2001

                                                        CARRYING          FAIR           CARRYING           FAIR
                                                         VALUE            VALUE           VALUE            VALUE
                                                       ----------       ----------       ----------       ----------
                                                                              (Dollars in thousands)
<S>                                                    <C>              <C>              <C>              <C>
Financial assets
    Cash and short-term investments                    $  214,604       $  214,604       $  228,182       $  228,182
    Investment securities held-to-maturity                 21,571           22,097           20,890           21,547
    Investment securities available-for-sale              605,345          605,345          595,600          595,600
    Loans
        Commercial                                        690,656          691,787          804,683          833,614
        Real estate - construction                         89,674           89,734           75,785           72,721
        Real estate - mortgage                          1,368,207        1,376,340        1,346,235        1,355,934
        Installment, net of unearned income               556,452          566,916          586,561          586,845
        Credit card                                        22,068           22,140           22,846           22,601
        Leasing                                            21,031           20,970           36,139           35,246
        Less allowance for loan losses                     48,177                            46,784
                                                       ----------       ----------       ----------       ----------
          Net loans                                     2,699,911        2,767,887        2,825,465        2,906,961
    Accrued interest receivable                            22,942           22,942           27,054           27,054
Financial liabilities
    Deposits
        Noninterest-bearing                               422,453          422,453          448,330          448,330
        Interest-bearing demand                           841,336          841,336          346,039          346,039
        Savings                                           328,204          328,204          782,640          782,640
        Time                                            1,330,441        1,344,459        1,508,084        1,516,181
                                                       ----------       ----------       ----------       ----------
          Total deposits                                2,922,434        2,936,452        3,085,093        3,093,190
    Short-term borrowings                                  95,180           95,180           93,452           93,452
    Long-term borrowings                                  290,051          321,355          260,345          263,210
    Corporation-obligated mandatorily redeemable
        capital securities of subsidiary trust             10,000           10,000                0                0
    Accrued interest payable                                6,201            6,201            9,275            9,275
    Derivative financial instruments                          301              301                0                0
</TABLE>

2002 ANNUAL REPORT                                                            45
<PAGE>

  NOTE 23 - FIRST FINANCIAL BANCORP (PARENT COMPANY ONLY) FINANCIAL INFORMATION


BALANCE SHEETS


<TABLE>
<CAPTION>

                                                                   DECEMBER 31,
                                                                2002          2001
                                                              --------       --------
                                                                (Dollars in thousands)
<S>                                                           <C>            <C>
ASSETS

    Cash                                                      $ 27,141       $ 21,159
    Investment securities                                        5,207          3,313
    Subordinated notes from subsidiaries                         7,500          7,500
    Investment in subsidiaries

       Commercial banks                                        315,867        313,462
       Savings banks                                            29,281         30,973
                                                              --------       --------
          Total investment in subsidiaries                     345,148        344,435
    Loans

       Commercial                                               14,822         16,352
       Real estate - mortgage                                      945            605
                                                              --------       --------
          Total loans                                           15,767         16,957
          Allowance for loan losses                              3,337          3,502
                                                              --------       --------
             Net loans                                          12,430         13,455
    Bank premises & equipment                                    1,234          1,325
    Other assets                                                29,455         27,592
                                                              --------       --------
             TOTAL ASSETS                                     $428,115       $418,779
                                                              ========       ========
LIABILITIES

    Short-term borrowings                                     $ 30,500       $ 23,500
    Subordinated debentures                                     10,310              0
    Dividends payable                                            6,765          7,004
    Other liabilities                                            2,937          3,732
                                                              --------       --------
             TOTAL LIABILITIES                                  50,512         34,236
SHAREHOLDERS' EQUITY                                           377,603        384,543
                                                              --------       --------
             TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY       $428,115       $418,779
                                                              ========       ========
</TABLE>

STATEMENTS OF EARNINGS
<TABLE>
<CAPTION>

                                                                                      YEAR ENDED DECEMBER 31,
                                                                                   2002            2001             2000
                                                                                 --------        --------        --------
                                                                                        (Dollars in Thousands)
<S>                                                                              <C>             <C>             <C>
INCOME

    Interest income                                                              $  1,278        $    313        $    670
    Other interest income                                                             725              94               0
    Dividends from subsidiaries                                                    54,364          75,647          58,018
                                                                                 --------        --------        --------
         TOTAL INCOME                                                              56,367          76,054          58,688
EXPENSES

    Interest expense                                                                  903             665              11
    Provision for loan losses                                                           0           3,752               0
    Salaries and employee benefits                                                  4,768           4,972           2,889
    Other                                                                           1,050           4,909           1,522
                                                                                 --------        --------        --------
         TOTAL EXPENSES                                                             6,721          14,298           4,422
                                                                                 --------        --------        --------
         INCOME BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED NET
            EARNINGS OF SUBSIDIARIES                                               49,646          61,756          54,266
Income tax benefit                                                                 (1,393)         (4,186)         (1,119)
                                                                                 --------        --------        --------
         INCOME BEFORE EQUITY IN UNDISTRIBUTED NET EARNINGS OF SUBSIDIARIES        51,039          65,942          55,385
Equity in undistributed net earnings of subsidiaries                               (2,804)        (22,633)          2,837
                                                                                 --------        --------        --------
         NET EARNINGS                                                            $ 48,235        $ 43,309        $ 58,222
                                                                                 ========        ========        ========
</TABLE>

46                                                       FIRST FINANCIAL BANCORP
<PAGE>
<TABLE>
<CAPTION>

 STATEMENTS OF CASH FLOWS                                                                         YEAR ENDED DECEMBER 31,
                                                                                           2002            2001            2000
                                                                                         --------        --------        --------
                                                                                                  (Dollars in thousands)
<S>                                                                                      <C>             <C>             <C>
OPERATING ACTIVITIES

   Net earnings                                                                          $ 48,235        $ 43,309        $ 58,222
   Adjustments to reconcile net earnings to net cash provided by operating activities
        Equity in undistributed net earnings of subsidiaries                                2,804          22,633          (2,837)
        Provision for allowance for loan losses                                                 0           3,752               0
        Provision for depreciation and amortization                                         1,980           1,228             471
        Deferred income taxes                                                              (2,176)             92              38
        (Decrease) increase in dividends payable                                             (239)             89             (65)
        Increase (decrease) in accrued expenses                                              (422)          2,200          (2,338)
        (Increase) decrease in receivables                                                   (158)         (6,776)         (2,820)
                                                                                         --------        --------        --------
          Net cash provided by operating activities                                        50,024          66,527          50,671
INVESTING ACTIVITIES

   Capital contributions to subsidiaries                                                     (510)         (9,434)        (19,397)
   Purchase of investment securities                                                       (2,016)         (3,000)              0
   Net decrease (increase) in loans                                                         1,025         (17,207)              0
   Purchases of premises and equipment                                                        (41)            (90)            (27)
   Other                                                                                     (202)              0              77
                                                                                         --------        --------        --------
          Net cash used in investing activities                                            (1,744)        (29,731)        (19,347)
FINANCING ACTIVITIES

   Increase in short-term borrowings                                                        7,000          20,000           3,500
   Issuance of subordinated debentures to non-bank subsidiary                              10,310               0               0
   Cash dividends                                                                         (27,474)        (28,400)        (27,901)
   Purchase of common stock                                                               (32,910)        (30,057)        (16,518)
   Proceeds from exercise of stock options, net of shares purchased                           776              99             116
                                                                                         --------        --------        --------
          Net cash used in financing activities                                           (42,298)        (38,358)        (40,803)
                                                                                         --------        --------        --------
          INCREASE (DECREASE) IN CASH                                                       5,982          (1,562)         (9,479)
Cash at beginning of year                                                                  21,159          22,721          32,200
                                                                                         --------        --------        --------
          CASH AT END OF YEAR                                                            $ 27,141        $ 21,159        $ 22,721
                                                                                         ========        ========        ========
</TABLE>

                REPORT OF ERNST & YOUNG LLP INDEPENDENT AUDITORS





The Board of Directors and Shareholders
First Financial Bancorp

We have audited the accompanying consolidated balance sheets of First Financial
Bancorp and subsidiaries as of December 31, 2002, and 2001, and the related
consolidated statements of earnings, changes in shareholders' equity, and cash
flows for each of the three years in the period ended December 31, 2002. These
financial statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the consolidated financial position of First Financial
Bancorp and subsidiaries at December 31, 2002, and 2001, and the consolidated
results of their operations and their cash flows for each of the three years in
the period ended December 31, 2002, in conformity with accounting principles
generally accepted in the United States.

/s/ ERNST & YOUNG LLP

Cincinnati, Ohio
January 17, 2003

2002 ANNUAL REPORT                                                            47
<PAGE>

                    QUARTERLY FINANCIAL AND COMMON STOCK DATA


<TABLE>
<CAPTION>

                                                          (Unaudited)
                                                       THREE MONTHS ENDED

                                       MARCH 31       JUNE 30    SEPTEMBER 30   DECEMBER 31
                                       -------       -------       -------       -------
                                         (Dollars in thousands, except per share data)
<S>                                    <C>           <C>           <C>           <C>
2002
    Interest income                    $62,710       $61,485       $59,536       $57,277
    Interest expense                    21,664        19,804        18,953        17,830
                                       -------       -------       -------       -------
         Net interest income            41,046        41,681        40,583        39,447
    Provision for loan losses            5,640         3,404         5,189         1,941
    Noninterest income

         Investment securities gains         4             5             0            80
         All other                      14,764        13,953        14,386        13,507
    Noninterest expenses                31,459        32,420        34,268        34,365
                                       -------       -------       -------       -------
         Income before income taxes     18,715        19,815        15,512        16,728
    Income tax expense                   6,314         6,384         4,710         5,127
                                       -------       -------       -------       -------
         NET EARNINGS                  $12,401       $13,431       $10,802       $11,601
                                       =======       =======       =======       =======
    Per share
         NET EARNINGS - BASIC          $  0.27       $  0.29       $  0.24       $  0.26
                                       =======       =======       =======       =======
         NET EARNINGS - DILUTED        $  0.27       $  0.29       $  0.24       $  0.26
                                       =======       =======       =======       =======
         CASH DIVIDENDS PAID           $  0.15       $  0.15       $  0.15       $  0.15
                                       =======       =======       =======       =======
         Market price

           HIGH BID                    $ 17.82       $ 20.31       $ 20.00       $ 18.87
                                       =======       =======       =======       =======
           LOW BID                     $ 15.65       $ 15.80       $ 15.90       $ 15.99
                                       =======       =======       =======       =======

2001

    Interest income                    $76,999       $74,853       $71,434       $66,459
    Interest expense                    36,554        34,766        30,085        25,375
                                       -------       -------       -------       -------
         Net interest income            40,445        40,087        41,349        41,084
    Provision for loan losses            2,528         8,527         5,206        10,552
    Noninterest income

         Investment securities gains       148            42             8           104
         All other                      12,713        13,591        12,794        14,842
    Noninterest expenses                29,835        29,999        30,660        34,460
                                       -------       -------       -------       -------
         Income before income taxes     20,943        15,194        18,285        11,018
    Income tax expense                   6,930         5,363         6,173         3,665
                                       -------       -------       -------       -------
         NET EARNINGS                  $14,013       $ 9,831       $12,112       $ 7,353
                                       =======       =======       =======       =======
    Per share
         NET EARNINGS - BASIC          $  0.29       $  0.21       $  0.26       $  0.16
                                       =======       =======       =======       =======
         NET EARNINGS - DILUTED        $  0.29       $  0.21       $  0.26       $  0.16
                                       =======       =======       =======       =======
         CASH DIVIDENDS PAID           $  0.15       $  0.15       $  0.15       $  0.15
                                       =======       =======       =======       =======
         Market price

           HIGH BID                    $ 16.61       $ 17.08       $ 17.23       $ 17.75
                                       =======       =======       =======       =======
           LOW BID                     $ 14.41       $ 14.58       $ 14.97       $ 15.23
                                       =======       =======       =======       =======
</TABLE>

First Financial Bancorp common stock trades on The Nasdaq Stock Market(R) under
the symbol FFBC.

48                                                       FIRST FINANCIAL BANCORP
<PAGE>

                               CORPORATE STRUCTURE

FIRST FINANCIAL BANCORP
300 High Street, Hamilton, Ohio 45011
(513) 867-5240

Subsidiaries of the Corporation

FIRST FINANCIAL BANK, NATIONAL ASSOCIATION
Assets: $1.4 billion

DIRECTORS

Stanley N. Pontius, Chairman of the Board, First Financial Bank;
President and Chief Executive Officer, First Financial Bancorp

Mark W. Immelt, President and Chief Executive Officer, First Financial
Bank; Senior Vice President, First Financial Bancorp

Richard L. Alderson, Partner, Real Estate Investment and Development
Don M. Cisle, President, Don S. Cisle Contractor, Inc.

Michael A. Conner, Chief Operating Officer, First Financial Bank

Carl R. Fiora, Retired President and Chief Executive Officer,
Armco Steel Co., L.P.

Dr. James C. Garland, President, Miami University, Oxford, Ohio

Stephen S. Marcum, Partner, Parrish, Fryman & Marcum Co., L.P.A.

Barry S. Porter, Retired Chief Financial Officer, The Ohio Casualty Corp.

Steven C. Posey, President, Posey Management Corp.

Susan L. Purkrabek-Knust, President, Precision Packaging Services

Herman R. Sanders, President and Manager, Butler County Lumber Co.

Ronald E. Watson, President, Watson Gravel

OFFICERS

Chairman of the Board: Stanley N. Pontius

President and Chief Executive Officer: Mark W. Immelt

Chief Operating Officer: Michael A. Conner

Executive Vice President: Patrick J. Hart

Senior Vice President: Brendan J. Burns, Joseph M. Gallina,
John R. Kuczynski, Brian D. Moriarty

First Vice President: Margaret S. Baker, Charles H. Barton, Ronald S.
Biggs, Vaden W. Fitton, Alan R. Flegal, Greg W. Meyers, August J.
Miserocchi, Howard L. Regenbogen, David D. Schul, Patty K. Scott,
Dennis G. Walsh


Vice President: Glenn E. Boone, Kathy D. Carmack, Pamela R. Cottle,
James R. Deller, Kelland L. Farler, Brenda L. Frazier, Jean E. Gaw,
A. Scott Gullett, David L. Haft, Joseph Hojnacki, Timothy A. Kemper,
Harry L. Korros, Rebecca A. Lancaster, Keith A. Maurmeier, Brenda K.
Morris, Tricia M. Neeley, Lawrence W. Neiman, Sara A. Pinkerton,
Suzanne Puthoff, Todd Slagle

LOCATIONS

4 South Main Street, Camden, Ohio 45311
10174 Colerain Avenue, Cincinnati, Ohio 45251
7521 Hamilton Avenue, Cincinnati, Ohio 45231
6880 Wooster Pike, Cincinnati, Ohio 45227
4601 Dixie Highway, Fairfield, Ohio 45014
6060 South Gilmore Road, Fairfield, Ohio 45014
5300 Pleasant Avenue, Fairfield, Ohio 45014
300 High Street, Hamilton, Ohio 45011*
5971 Golf Club Lane, Hamilton, Ohio 45011
970 Main Street, Hamilton, Ohio 45013
2344 South Erie Highway, Hamilton, Ohio 45011
8211 Princeton-Glendale Road, Hamilton, Ohio 45011
855 Stahlheber Road, Hamilton, Ohio 45013
160 Berkeley Square, Hamilton, Ohio 45013
1510 Plaza Drive, Hamilton, Ohio 45013
720 NW Washington Boulevard, Hamilton, Ohio 45013
100 North Commerce Street, Lewisburg, Ohio 45338
8601 Landen Drive, Maineville, Ohio 45039
1063 Reading Road, Mason, Ohio 45040
300 North Main Street, Middletown, Ohio 45042
815 South Breiel Boulevard, Middletown, Ohio 45044
1300 Sunset Street, Middletown, Ohio 45042
108 South Main Street, Monroe, Ohio 45050
225 Britton Lane, Monroe, Ohio 45050
25 West High Street, Oxford, Ohio 45056
475 McGuffey Avenue, Oxford, Ohio 45056
4079 Hamilton-Cleves Road, Ross, Ohio 45014
300 North Main Street, Seven Mile, Ohio 45062
885 West Central Avenue, Springboro, Ohio 45066
125 East State Street, Trenton, Ohio 45067
7795 Tylersville Road, West Chester, Ohio 45069
7237 Cincinnati-Dayton Road, West Chester, Ohio 45069
6081 Limaburg Road, Burlington, Kentucky 41005
2652 Northbend Road, Hebron, Kentucky 41048
3010 First Street, Petersburg, Kentucky 41080

SAND RIDGE BANK
Assets: $820 million

DIRECTORS

Bruce E. Leep, Chairman of the Board, Sand Ridge Bank;
Chairman of the Board, First Financial Bancorp

Ronnie J. Alting, Indiana State Senator

James C. Hall, Executive Vice President, First Financial Bancorp

J. Franklin Hall, Vice President and Controller, First Financial Bancorp

David S. Harvey, President and Chief Executive Officer, Sand Ridge Bank

E. Kenneth Leep, Retired President and Owner, Pleasant View Dairy

Richard E. Olszewski, President and Owner, Highland K & L Inc.

Rhett L. Tauber, Partner, Tauber & Westland PC

Tom A. Van Prooyen, General Manager, Schepel Buick GMC

Samuel N. Van Til, Vice President, Strack & Van Til Supermarket, Inc.

Dale V. Zinn, Secretary, Zinn Kitchens

OFFICERS

President and Chief Executive Officer: David S. Harvey

Executive Vice President: George J. Vande Werken

Senior Vice President and Chief Operating Officer: Bruce A. Hunt,
Thomas J. Young

Senior Vice President: Scott S. Gyure, Bryan D. Jackson, Terry L. Saxsma,
Mark W. Sprenger, William M. Winterhaler

Vice President: Walter J. Banke, Cortney H. Collison, Marjorie Dian,
Paul L. Doherty, Donald L. Harris, B. Wayne Hays, Timothy P. Kelly,
Andrew S. Kyres, Ruth A. LaBuda, Patrick T. Leahy, Michelle M.
Markley, Gregory S. McGandy, Alisa J. Morehouse, Patrick C. Morrissey,
Eric G. Ross, Michael S. Schneider, Mary E. Shelton, Terri L. Sink,
Guy M. Staska, Michael A. Troxell, Sandra G. Velasco

LOCATIONS

4 North Gate Plaza, Michigan Road, Burlington, Indiana 46915
215 East Main Street, Delphi, Indiana 46923
4 East Main Street, Flora, Indiana 46929
817 East Columbia Street, Flora, Indiana 46929
2635 169th Street, Hammond, Indiana 46323
2611 Highway Avenue, Highland, Indiana 46322*

* Main Office

2002 ANNUAL REPORT                                                           49
<PAGE>

CORPORATE STRUCTURE


2750 45th Street, Highland, Indiana 46322
9632 Cline Avenue, Highland, Indiana 46322
1600 Sagamore Parkway South, Lafayette, Indiana 47903
302 Ferry Street, Lafayette, Indiana 47901
State Road 26 West, Rossville, Indiana 46065
450 West Lincoln Highway, Schererville, Indiana 46375
1650 US 41, Schererville, Indiana 46375
241 West State Street, Hastings, Michigan 49058
12850 West M-179 Highway, Wayland, Michigan 49348

COMMUNITY FIRST BANK & TRUST
Assets:  $668 million

DIRECTORS

Michael R. O'Dell, Chairman of the Board, Community First

Samuel J. Munafo, President and Chief Executive Officer,
Community First


Thomas Casaboro, President and Chief Executive Officer, CASA
Restaurant Group


Murph Knapke, Attorney-at-Law, Owner, Knapke Law Office

William J. Kramer, President, Pax Steel Products, Inc.

Rodney L. Stoller, CPA, Arend, Laukhuf & Stoller

OFFICERS

Chairman of the Board: Michael R. O'Dell

President and Chief Executive Officer: Samuel J. Munafo

Executive Vice President: Bryce L. Beckman, John C. Hoying,
Howard A. Stammen

Senior Vice President: Collin J. Bryan, Y. Jeannine Long,
David E. Morrison, Thomas R. Bolduc, Craig A. Kuhlman

First Vice President: Thomas C. Saddler, Rod L. Stover

Vice President: Diana J. Cearns, James A. Cecil, Dan R. Clark,

Linda G. Cooper, Thomas M. Gauvey, Ken Goettemoeller, Rick L.

Greve, Marie C. Gross, Kathleen Hemmelgarn, Geoffrey L. Hyman,

Edward Kaiser, Virgil V. Lochtefeld, Milton L. Miller, Michael J. Moore,

Laura L. Nanna, Kevin Niekamp, Byron L. Peasley, Kent A. Phares,

Dana L. Schultz, Betty K. Strawn, Randy Swary, J. Chadwick Tranter

LOCATIONS

327 South Main Street, Bryan, Ohio 43506
225 North Main Street, Celina, Ohio 45822*
124 East Fayette Street, Celina, Ohio 45822
115 West Summit Street, Celina, Ohio 45822
State Route 274, Chickasaw, Ohio 45826
730 East Main Street, Coldwater, Ohio 45828
202 North Main Street, Delphos, Ohio 45833
220 North Wayne Street, Fort Recovery, Ohio 45846
6154 St. Joe Center Road, Fort Wayne, Indiana 46835
201 North Main Street, Paulding, Ohio 45879
101 East Merrin Street, Payne, Ohio 45880
166 South Main Street, Rockford, Ohio 45882
153 East Spring Street, St. Marys, Ohio 45885
228 East South Street, St. Marys, Ohio 45885
1210 Celina Road, St. Marys, Ohio 45885
11230 State Route 364, St. Marys, Ohio 45885
211 West Pearl Street, Union City, Indiana 47390
204 Staudt Drive, Union City, Indiana 47390
102 East Main Street, Van Wert, Ohio 45891
113 East Central Street, Van Wert, Ohio 45891
1163 South Shannon Street, Van Wert, Ohio 45891
315 State Street, Willshire, Ohio 45898
870 East Washington Street, Winchester, Indiana 47394

HERITAGE COMMUNITY BANK
Assets:  $325 million

DIRECTORS

C. Douglas Lefferson, Chairman of the Board, Heritage Community
Bank; Senior Vice President and Chief Financial Officer,
First Financial Bancorp

Harry R. Campbell, Owner, Campbell Auction Service

Dan R. Dalton, Dean, Kelley School of Business, Indiana University

E. Michael Danner, Owner/Operator, Danner's Hardware

Corrine R. Finnerty, Partner, McConnell & Finnerty, Attorneys-at-Law

Dean J. Miller, President and Chief Executive Officer,
Heritage Community Bank

John G. Roeder, Superintendent, Sunman-Dearborn School Corporation

OFFICERS

President and Chief Executive Officer: Dean J. Miller

Senior Vice President and Chief Operating Officer: David L. Mackey,
Karen I. Miller

Senior Vice President and Chief Lending Officer: Richard L. Belser

First Vice President and Chief Financial Officer: Matthew Marro

Vice President: Vickie Couch, Mary Jane Demaree, Colleen G. Ervin,
Deborah R. Harmon, Rita Hyden, George Keely, Steve Logue, James
Mitchell, Jeff Rayburn, Gayle Rayles, Gary Everroad, Ronald Sandidge,
John W. Stone, Bill Wilson

LOCATIONS

616 Main Street, Brookville, Indiana 47012
10 South Main Street, Carthage, Indiana 46115
426 Washington Street, Columbus, Indiana 47201*
630 Central Avenue, Connersville, Indiana 47331
State Road 250 & State Road 56, East Enterprise, Indiana 47019
310 North Main Street, Liberty, Indiana 47353
301 Demaree Drive, Madison, Indiana 47250
7 North 5th Street, North Vernon, Indiana 47265
2070 N. State Hwy. 7, North Vernon, Indiana 47265
327 North Main Street, Rushville, Indiana 46173
604 North Meridian Street, Sunman, Indiana 47041
102 West Main Street, Vevay, Indiana 47043
804 West Main Street, Vevay, Indiana 47043
48 Brookville Street, West College Corner, Indiana 47003


FLAGSTONE INSURANCE AND FINANCIAL SERVICES
(Heritage Community Bank Subsidiary)

DIRECTORS

Mark A. Willis, Chairman, President, and Chief Executive Officer,
Flagstone Insurance

Timothy R. Foley, President, ME Companies

James C. Hall, Executive Vice President, First Financial Bancorp

J. Franklin Hall, Vice President and Controller, First Financial Bancorp

Mark W. Immelt, Senior Vice President, First Financial Bancorp;
President and Chief Executive Officer, First Financial Bank


*Main Office

50                                                       FIRST FINANCIAL BANCORP
<PAGE>

                               CORPORATE STRUCTURE

C. Douglas Lefferson, Senior Vice President and
Chief Financial Officer, First Financial Bancorp;
Chairman of the Board, Heritage Community Bank

Janie McCauley, Legal Officer and Secretary, First Financial Bancorp
Dean J. Miller, President and Chief Executive Officer, Heritage
Community Bank

OFFICERS

President and Chief Executive Officer: Mark A. Willis, CPCU, CIC
Vice President: C. Douglas Lefferson
Secretary: Janie McCauley
Treasurer: J. Franklin Hall

LOCATIONS

128 West Market Street, Celina, Ohio 45822
300 High Street, Hamilton, Ohio 45011*

INDIANA LAWRENCE BANK
Assets:  $142 million

DIRECTORS

David D. Grandstaff, Chairman of the Board, Indiana Lawrence Bank;
President, Grandstaff Rendering Service, Inc.

Michael R. Terrone, President and Chief Executive Officer,
Indiana Lawrence Bank


Samuel J. Munafo, President and Chief Executive Officer,
Community First


Stephen H. Downs, Partner, Tiede, Metz, Downs, Lynn, Schlitt P.C.

William F. Earle, Halderman Farm Services

Janis Fahs, Associate Professor, Manchester College

Stephen P. Heckman, President, Heckman Bindery

Alan B. Terrell, President, Rochester Telephone Company


OFFICERS

President and Chief Executive Officer: Michael R. Terrone

Executive Vice President: Paul R. House

Senior Vice President: Steven G. Hammer

Vice President and Senior Loan Officer: Douglas J. Rice

Vice President: Annette Y. Ayres, T.F. "Bob" Fuller, Keven L. Jennings,
Todd L. Lybarger, Christopher D. Sailors, J. Susie Snep,
Randal U. Vutech





LOCATIONS

106 North Market Street, North Manchester, Indiana 46962*
State Road 114 West, North Manchester, Indiana 46962
Peabody Retirement Community, North Manchester, Indiana 46962
Timbercrest Retirement Community, North Manchester, Indiana 46962
221 East Main Street, Kewanna, Indiana 46939
729 Main Street, Rochester, Indiana 46975
East Ninth Street, Rochester, Indiana 46975
1307 North Cass Street, Wabash, Indiana 46992

FIDELITY FEDERAL SAVINGS BANK
Assets:  $125 million

DIRECTORS

Michael D. Pretorius, Chairman of the Board, President and
Chief Executive Officer, Fidelity Federal

Harry J. Finch, President, Grant County Abstract Co., Inc.

Dr. J. Courtney Gorman, President, Gorman Center for Orthodontics

John C. Hoying, Executive Vice President, Community First

Terry T. Munday, Vice President, Indiana Wesleyan University

John R. Noblitt, Retired President, SCM Office Supplies Group

OFFICERS

President and Chief Executive Officer: Michael D. Pretorius

Vice President: Michael A. Belcher, Dianne C. Harris, Sandra S. Holman,
James L. Widner

LOCATIONS

200 East Main Street, Gas City, Indiana 46933
116 West 4th Street, Marion, Indiana 46952*
1020 North Baldwin Avenue, Marion, Indiana 46952

CITIZENS FIRST STATE BANK
Assets:  $95 million

DIRECTORS

John D. Littler, Chairman of the Board, Citizens First;
President, Littler Diecast

James M. Weiseman, President and Chief Executive Officer, Citizens First

Robert J. Barry, Attorney-at-Law, Barry, Basey & Barry

Robert C. Brown, Owner, Barnum-Brown Insurance Agency

John A. Miller, President, J.A. Miller & Sons Oil Co.

Arthur D. Needler, President, Needler Properties

Robert L. Wyne, Retired President and Chief Executive Officer,
Citizens First

OFFICERS

President and Chief Executive Officer: James M. Weiseman

Vice President and Chief Lending Officer: Scott A. Green

Vice President, Chief Deposit Officer, and Chief Operations Officer:
Debra L. Whitesell

Vice President: Shirley K. Miller, William D. Siewert

LOCATIONS

101 West Washington Street, Hartford City, Indiana 47348*
117 North Jefferson Street, Hartford City, Indiana 47348
218 South Main Street, Dunkirk, Indiana 47336
127 West Huntington Street, Montpelier, Indiana 47359
3360 North Morrison Road, Muncie, Indiana 47304

THE CLYDE SAVINGS BANK COMPANY
Assets:  $88 million

DIRECTORS

Joseph F. Wilson, Chairman of the Board, Clyde Savings;
Owner, S & J Travel

Phyllis S. Fiser, President and Chief Executive Officer, Clyde Savings

E. Willson Baker, Orthodontist

Kevin M. Cooney, Retired

Thomas F. Dewey, Jr., Attorney-at-Law

Ronald C. House, Farmer

William B. Warnecke, Building Contractor

* Main Office

2002 ANNUAL REPORT                                                            51
<PAGE>

CORPORATE STRUCTURE

Officers

President and Chief Executive Officer:      Phyllis S. Fiser

Senior Vice President: Marie J. Archer

Vice President: Frederick C. Bouyack, Scott A. Hicks

LOCATIONS

137 West Buckeye Street, Clyde, Ohio 43410*
1005 West McPherson Highway, Clyde, Ohio 43410
2140 Enterprise Drive, Fremont, Ohio 43420


FIRST FINANCIAL BANCORP SERVICE CORPORATION

DIRECTORS

Stanley N. Pontius, Chairman of the Board, Service Corporation;
President and Chief Executive Officer, First Financial Bancorp;
Chairman of the Board, First Financial Bank


David S. Harvey, President and Chief Executive Officer,
Sand Ridge Bank

Rex A. Hockemeyer, President and Chief Executive Officer,
Service Corporation; Senior Vice President, First Financial Bancorp

Mark W. Immelt, Senior Vice President, First Financial Bancorp;
President and Chief Executive Officer, First Financial Bank

Dean J. Miller, President and Chief Executive Officer,
Heritage Community Bank

Brian D. Moriarty, Senior Vice President, First Financial Bancorp
and First Financial Bank

Samuel J. Munafo, President and Chief Executive Officer,
Community First

OFFICERS

President and Chief Executive Officer: Rex A. Hockemeyer

Executive Vice President and Chief Operating Officer: Jerry L. Begley

Senior Vice President: Linda L. Novitski

Vice President: Maureen R. Loos, Rae J. LoBuono, Donna J. Jordan

LOCATION

4400 Lewis Street, Middletown, Ohio 45044

FIRST FINANCIAL CAPITAL ADVISORS

DIRECTORS

Mark W. Immelt, Senior Vice President, First Financial Bancorp;
President and Chief Executive Officer, First Financial Bank
James C. Hall, Executive Vice President, First Financial Bancorp
Janie McCauley, Legal Officer and Secretary, First Financial Bancorp
Patty K. Scott, First Vice President, First Financial Bank

OFFICERS

President and Chief Executive Officer: Mark W. Immelt

First Vice President and Investment Officer: Dennis C. Dietz

Compliance Officer and Secretary: Patty K. Scott

Treasurer: Glenn E. Boone

LOCATION

300 High Street, Hamilton, Ohio 45011


*Main Office
                             SHAREHOLDER INFORMATION

                                 Annual Meeting

                       The Annual Meeting of Shareholders

                               will be held at the

                    Manor House Banquet and Conference Center

                  7440 Mason-Montgomery Road, Mason, OH 45040


                       Tuesday, April 22, 2003, 2:00 p.m.

                                    Form 10-K

                     For copies of First Financial Bancorp's

                              Form 10-K, write to:

                              C. Douglas Lefferson

                             Chief Financial Officer

                             First Financial Bancorp

                          300 High Street, P.O. Box 476

                             Hamilton, OH 45012-0476

                                 1-513-867-4993

                              1-513-867-3112 (FAX)

                           doug.lefferson@ffbc-oh.com

                          Transfer Agent and Registrar

                         Registrar and Transfer Company

                                10 Commerce Drive

                               Cranford, NJ 07016

                                 1-800-368-5948

                              1-908-497-2312 (FAX)

                                    Listed on

                           The Nasdaq Stock Market(R)

                            Common Stock Symbol: FFBC

                                 www.ffbc-oh.com


52                                                       FIRST FINANCIAL BANCORP
<PAGE>

                             [FIRST FINANCIAL LOGO]
         FIRST FINANCIAL BANCORP - 300 HIGH STREET - HAMILTON, OH 45011

                                 www.ffbc-oh.com


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>8
<FILENAME>l99690aexv21.htm
<DESCRIPTION>EXHIBIT 21
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 21 First Financial Bancorp, Subsidiaries</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="right"><FONT size="2"><B>F-21</B></FONT>

<P align="left"><FONT size="2"><B>EXHIBIT 21</B>
</FONT>

<P align="left"><FONT size="2"><B>FIRST FINANCIAL BANCORP. SUBSIDIARIES</B>
</FONT>
<P align="left"><FONT size="2">First Financial Bank, National Association, organized as a national banking
association
under the laws of the United States
</FONT>
<P align="left"><FONT size="2">Community First Bank &#038; Trust, incorporated in the state of Ohio
</FONT>
<P align="left"><FONT size="2">Indiana Lawrence Bank, incorporated in the state of Indiana
</FONT>
<P align="left"><FONT size="2">Fidelity Federal Savings Bank, organized as a federal stock savings bank
under the
laws of the United States
</FONT>
<P align="left"><FONT size="2">Citizens First State Bank, incorporated in the state of Indiana
</FONT>
<P align="left"><FONT size="2">The Clyde Savings Bank Company, incorporated in the state of Ohio
</FONT>
<P align="left"><FONT size="2">Sand Ridge Bank, incorporated in the state of Indiana
</FONT>
<P align="left"><FONT size="2">Heritage Community Bank, incorporated in the state of Indiana
</FONT>
<P align="left"><FONT size="2">First Financial Bancorp Service Corporation, incorporated in the state
of Ohio
</FONT>

<P align="center"><FONT size="2"></FONT>




</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>9
<FILENAME>l99690aexv23.htm
<DESCRIPTION>EXHIBIT 23
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 23 Consent of Ernst & Young</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="right"><FONT size="2"><B>F-22</B></FONT>

<P align="left"><FONT size="2"><B>EXHIBIT 23</B>
</FONT>

<P align="left"><FONT size="2"><B>CONSENT OF ERNST &#038; YOUNG LLP, INDEPENDENT AUDITORS</B>
</FONT>
<P align="left"><FONT size="2">We consent to the incorporation by reference in this Annual Report (Form&nbsp;10-K)
of First Financial Bancorp. of our report dated January&nbsp;17, 2003 included in
the 2002 Annual Report to Shareholders of First Financial Bancorp.
</FONT>
<P align="left"><FONT size="2">We also consent to the incorporation by reference of our report dated January
17, 2003 with respect to the consolidated financial statements of First
Financial Bancorp. incorporated by reference in the Annual Report (Form&nbsp;10-K)
for the year ended December&nbsp;31, 2002 in the following documents:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Registration Statement (Form&nbsp;S-8 No.&nbsp;33-46819) pertaining to the First
Financial Bancorp. 1991 Stock Incentive Plan and in the related
Prospectus.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Registration Statement (Form&nbsp;S-8 No.&nbsp;333-86781) pertaining to the First
Financial Bancorp. 1999 Stock Incentive Plan for Officers and Employees
and in the related Prospectus.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Registration Statement (Form&nbsp;S-8 No.&nbsp;333-86781) pertaining to the First
Financial Bancorp. 1999 Stock Incentive Plan for Non-Employee Directors
and in the related Prospectus.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Registration Statement (Form&nbsp;S-3 No.&nbsp;333-25745) pertaining to the First
Financial Bancorp. Dividend Reinvestment and Share Purchase Plan and in
the related Prospectus.</FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">/s/ Ernst &#038; Young LLP
</FONT>

<P align="left"><FONT size="2">Ernst &#038; Young LLP</FONT>

<P align="left"><FONT size="2">March&nbsp;26, 2003<BR>
Cincinnati, Ohio</FONT>


<P align="center"><FONT size="2"></FONT>




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</TEXT>
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