CINCINNATI - First Financial Bancorp (NASDAQ:FFBC), a financially healthy bank with a market capitalization of $2.27 billion according to InvestingPro data, has entered into a definitive agreement to acquire Westfield Bancorp for $325 million in a cash and stock transaction, according to a press release statement issued today. The deal, which includes $260 million in cash and approximately 2.75 million shares of First Financial stock valued at $65 million, will expand First Financial's presence in Northeast Ohio. Westfield Bancorp, with $2.2 billion in assets, is currently owned by Ohio Farmers Insurance Company. InvestingPro analysis indicates First Financial is currently trading below its Fair Value, suggesting potential upside for investors. The acquisition will increase First Financial's assets to $20.6 billion and add all of Westfield Bank's retail locations to its network. These locations will remain open and be rebranded as First Financial Bank after the transaction closes.