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MainSource Bank: MainSource Bank and 1st Independence Bank Consolidate

^{Published on 2008-11-17 15:27:09 - Market Wire}
 

GREENSBURG, IN--(Marketwire - November 17, 2008) - (NASDAQ: [ MSFG ]) -- Daryl R. Tressler, Chairman, President and Chief Executive Officer of MainSource Bank, announced today that MainSource Bank of Greensburg, Indiana and 1st Independence Bank have consolidated operations into one bank. 1st Independence Bank offices converted to MainSource Bank effective at the close of business on November 15, 2008.

MainSource Bank's main office is headquartered in Greensburg, Indiana, and now has assets of approximately $2.4 billion. With 68 banking offices in 31 counties throughout Indiana, and 4 banking offices in 3 Kentucky counties, customers have the opportunity to bank at a variety of locations. MainSource Bank also provides ATMs or cash machines at most locations, which increases the customers' accessibility to their funds.

Mr. Tressler stated, "This consolidation is a win-win situation for our customers and employees. The merger will allow for improved efficiencies and expands our presence in southern Indiana. We also are excited that this is our first entrance into Kentucky. We are optimistic about the growth potential in these markets and are confident that we can provide an excellent experience for the customers we serve."

He continued, "MainSource relies on its dedication to local decision making, which allows our customers to have faster, more personal service combined with competitive financial products. We offer traditional banking services, trust, brokerage and insurance services from the convenience of any MainSource Bank location. We are our customers' 'MainSource' for financial services."

MainSource Bank is a subsidiary of MainSource Financial Group, Inc., which is also headquartered in Greensburg, Indiana. MainSource Financial Group is listed on the NASDAQ National Market (under the symbol: "MSFG") and is a community-focused, financial holding company with assets of approximately $2.8 billion. The Company operates 69 offices in 32 Indiana counties, 6 offices in 3 Illinois counties, 4 offices in 3 Kentucky counties, and six offices in two Ohio counties through its three banking subsidiaries, MainSource Bank, Greensburg, Indiana, MainSource Bank - Illinois, Kankakee, Illinois, and MainSource Bank - Ohio, Troy, Ohio. Through its non-banking subsidiaries, MainSource Insurance LLC, and MainSource Title LLC, the Company and its banking subsidiaries provide various related financial services.