A (somewhat convoluted) variation on @accdias's answer of assigning the values via the declare -A command, but will need a bit of explanation for each step ...
First we need to break the 2 variables into separate lines for each item:
$ echo "${firstString}" | tr "${delimiter}" '\n'
00011010
00011101
00100001
$ echo "${secondString}" | tr "${delimiter}" '\n'
H
K
O
What's nice about this is that we can now process these 2 sets of key/value pairs as separate files.
NOTE: For the rest off this discussion I'm going to replace "${delimiter}" with ':' to make this a tad bit (but not much) less convoluted.
Next we make use of the paste command to merge our 2 'files' into a single file; we'll also designate ']' as the delimiter between key/value mappings:
$ paste -d ']' <(echo "${firstString}" | tr ':' '\n') <(echo "${secondString}" | tr ':' '\n')
00011010]H
00011101]K
00100001]O
We'll now run these results through a couple sed patterns to build our array assignments:
$ paste -d ']' <(echo "${firstString}" | tr ':' '\n') <(echo "${secondString}" | tr ':' '\n') | sed 's/^/[/g;s/]/]=/g'
[00011010]=H
[00011101]=K
[00100001]=O
What we'd like to do now is use this output in the typeset -A command but unfortunately we need to build the entire command and then eval it:
$ evalstring="typeset -A kv=( "$(paste -d ']' <(echo "${firstString}" | tr ':' '\n') <(echo "${secondString}" | tr ':' '\n') | sed 's/^/[/g;s/]/]=/g')" )"
$ echo "$evalstring"
typeset -A kv=( [00011010]=H
[00011101]=K
[00100001]=O )
If we want to remove the carriage returns and put on a single line we append another tr at the output from the sed command:
$ evalstring="typeset -A kv=( "$(paste -d ']' <(echo "${firstString}" | tr ':' '\n') <(echo "${secondString}" | tr ':' '\n') | sed 's/^/[/g;s/]/]=/g' | tr '\n' ' ')" )"
$ cat "${evalstring}"
typeset -A kv=( [00011010]=H [00011101]=K [00100001]=O )
At this point we can eval our auto-generated typeset -A command:
$ eval "${evalstring}"
And now loop through our array displaying the key/value pairs:
$ for i in ${!kv[@]}; do echo "kv[${i}] = ${kv[${i}]}"; done
kv[00011010] = H
kv[00100001] = O
kv[00011101] = K
Hey, I did say this would be a bit convoluted! :-)
eval/declareon that). I checked all hits for the keywordassociativein the bash manual and couldn't find anything useful.