MainSource Bank Expands Into Columbus, Indiana
Greensburg, Indiana: Nasdaq: MSFG
MainSource Bank, Greensburg, Indiana (NASDAQ: MSFG) – Daryl R. Tressler, Chairman, President and Chief Executive Officer of MainSource Bank, today announced that MainSource Bank will open a Loan and Deposit Production Office in Columbus, Indiana in early October 2009. The office will be a provider of lending services including consumer, mortgage and commercial loans. It will also offer deposit products, including checking, savings, and money market accounts as well as certificates of deposit. The new office is a complement to the existing full service MainSource Bank locations surrounding the Columbus area including Taylorsville and in the counties of Decatur, Jennings, Johnson, and Shelby. MainSource intends to open a minimum of three full service banking offices in Columbus within the next 24 months.
Mr. Tressler stated, “On behalf of everyone at MainSource Bank, I am pleased that we will soon be offering our services to the residents of Columbus. We are committed to our community banking philosophy and believe that local decision-making, community involvement and personal customer service will be well received by the residents and businesses of the Columbus area. I am pleased to announce that the following individuals have joined the MainSource Team: Rob Olds has accepted the position of President for the Columbus market. Mr. Olds will lead a team of local banking professionals including Kim Bennett, Brad Davis, Dave Emmert, Jan Harris, Sandy Nay, Tammy Nichalson, and Ian Russell."
Mr. Tressler continued, “We are fortunate that MainSource Bank has been able to partner with such dedicated and experienced banking professionals. MainSource chooses to hire local employees who are committed to the community and the customers they serve, and we feel that this team models this description.”
Mr. Olds added, “The entire team joining MainSource is excited to continue to offer local, community banking to the residents of Columbus and Bartholomew County. Each of us is invested in this community and we want to continue the tradition of local decision making and community involvement. MainSource Bank proves their dedication to this philosophy in all of the communities it serves, and Columbus is fortunate to have a banking institution that wants to carry out its philosophy here.”
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 85 banking offices 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.
Except for historical information contained herein, the discussion in this press release may include certain forward-looking statements based upon management expectations. Actual results and experience could differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements. Factors which could cause future results to differ from these expectations include the following: general economic conditions; legislative and regulatory initiatives; monetary and fiscal policies of the federal government; deposit flows; the costs of funds; general market rates of interest; interest rates on competing investments; demand for loan products; demand for financial services; changes in accounting policies or guidelines; changes in the quality or composition of the Company's loan and investment portfolios; the Company’s ability to integrate acquisitions; the impact of our continuing acquisition strategy; and other factors, including various “risk factors” as set forth in our most recent Annual Report on Form 10-K and in other reports we file from time to time with the Securities and Exchange Commission. These reports are available publicly on the SEC website, www.sec.gov, and on the Company’s website, www.mainsourcefinancial.com.