Peoples Community Bank, West Chester, OH

Peoples Community Bank, West Chester, OH, was one of four banks closed by the FDIC tonight bringing the total for 2009 to 68 banks.

Peoples Community Bank, West Chester, Ohio, was closed today by the Office of Thrift Supervision, which appointed the FDIC as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First Financial Bank, National Association, Hamilton, Ohio, to assume all of the deposits of Peoples Community Bank.

The 19 branches of Peoples Community Bank will reopen on Monday as branches of First Financial Bank, N.A. Depositors of Peoples Community Bank will automatically become depositors of First Financial Bank, N.A. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use the existing branches until First Financial Bank, N.A. can fully integrate the deposit records of Peoples Community Bank.

For more information, visit the official FDIC webpage for  Peoples Community Bank, West Chester, OH.

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