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First Financial Indiana CEO’s New Employment Terms Set

First Financial Indiana CEO’s New Employment Terms Set

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.

See more data about THFF stock on TipRanks’ Stock Analysis page.

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