Leadership & Pay ·
On June 29, 2026, First Financial Corporation and its subsidiary, First Financial Bank, entered into new employment…
THFFFirst Financial Corp
On June 29, 2026, First Financial Corporation and its subsidiary, First Financial Bank, entered into new employment agreements effective July 1, 2026, for three key executives: CFO Rodger A. McHargue, Chief Credit Officer Stephen P. Panagouleas, and Chief Lending Officer Mark A. Franklin. Each agreement provides an initial 24-month term. Annual base salaries effective January 1, 2026, are $387,131 for McHargue, $317,228 for Panagouleas, and $319,307 for Franklin. The contracts include severance packages for termination without cause and a change-in-control payout equal to 2.00 times the sum of base salary, prior year bonuses, and two years of benefit costs. The agreements also contain non-compete clauses for one year post-termination within specific radii of Terre Haute and Bloomington, Indiana. The company is a financial holding company that operates a banking business.