An announcement from First Financial Indiana (THFF) is now available.
First Financial Corporation and its subsidiary, First Financial Bank, signed a new employment contract with Norman D. Lowery, their President and CEO, effective July 1, 2024, for a two-year term with the possibility of a one-year extension. Lowery’s annual salary is set at $650,000 with potential increases and includes standard executive benefits and bonuses. The agreement outlines various severance terms, including enhanced compensation if termination occurs following a change in control, and includes clauses for non-competition, confidentiality, and non-solicitation.
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