MainSource Bank, Greensburg, Indiana (NASDAQ: MSFG) Daryl R. Tressler, Chairman, President and CEO of MainSource Bank announced its completion of the purchase of three branch locations from American Founders Bank. Two of the purchased branches are located in Frankfort, Kentucky, and one branch is located in Lawrenceburg, Kentucky. Through the purchase of these branch locations, MainSource Bank has acquired approximately $96 million in deposits and $63 million in selected loans.
Mr. Tressler stated, I am pleased to welcome the employees and customers of American Founders Bank to MainSource Bank. We are very happy to become part of the Frankfort community and increase our presence in Lawrenceburg. As a result of this purchase, MainSource now provides full service banking in Mercer, Anderson and Franklin counties, Kentucky.
Mr. Tressler continued, The strength of our company is our local community banking model. Our commitment to local decision making, personalized service and our broad range of financial products and services are the reasons we continue to expand and achieve success. We look forward to our role in making both communities a better place to work and live.
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 $2.9 billion. The Company operates 69 offices in 32 Indiana counties, 6 offices in 3 Illinois counties, 4 offices in 3 Kentucky counties, and 6 offices in 2 Ohio counties through its three banking subsidiaries, MainSource Bank, Greensburg, Indiana, MainSource Bank of 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.