First Financial Corp.

Ticker: FTFN		180 Washington Street
Exchange: NASDAQ-National Market		Providence, Rhode Island 02903-3237
Industry: Financial		(401) 421-3600

Type of Shares:	Common Shares	Filing Date:	2/26/96
U.S. Shares:	550,000	Offer Date:	5/13/96
Non-U.S. Shares:	0	Filing Range:	$9.50 - $10.50
Primary Shares:	550,000	Offer Price:	$9.75
Secondary Shares:	0	Gross Spread:	$0.58
Offering Amount:	$5,500,000	Selling:	$0.35
Expenses:	$450,000	Reallowance:	$0.05
Shares Out After:	1,261,241

Manager	Tier	Phone
Sandler O'Neill & Partners. L.P.	Lead Manager	(212) 466-7800

Auditor: Arthur Andersen
	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	12/31/95				12/31/95
Revenue:	$8.21			Assets:	$100.30
Net Income:	$0.52			Liabilities:	$93.11
EPS:	$0.71			Equity:	$7.19
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

The company is a bank holding company. The primary assets of the Company are the capital stock of the Bank and, upon completion of the Public Offering, the net proceeds therefrom. The business of the Company is currently is currently limited to the business of the Bank, which is the Company's sole subsidiary. As of December 31, 1995, the Company had a consolidated assets of 100.3 million dollars and consolidated deposits of 89.6 million dollars. The Bank is a Rhode Island state-chartered commercial bank with three banking offices, including its main and executive offices located in Providence, Rhode Island. Today, in accordance with its initial strategy, the Bank offers a wide range of lending and deposit products primarily to individuals with small businesses.

Use of Proceeds

Proceeds from the offering will be used for general corporate purposes and to pursue strategic objectives, the company may use the net proceeds to discharge certain indebtedness of the company.

Last updated: 10/28/96