Category Archives: MainSource Financial Group

Federal regulations preventing monopolies requires sale in MainSource, First Financial merger

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A pending merger between two banks with Columbus operations will require a separate sale of four branches in the city for the deal to be completed. MainSource Financial Group, based in Greensburg, is being purchased by First Financial Bancorp, based in Cincinnati, Ohio, the companies announced July 25. The transaction, valued at $1 billion, is expected to close in the first quarter of this year.

4 Columbus MainSource locations must be sold for $1 billion First Financial deal to proceed

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Three MainSource banking centers and one drive-through location in Columbus must be sold to a third party for the U.S. Department of Justice to approve the $1 billion merger of MainSource Financial Group and First Financial Bancorp, the companies have announced. About 25 MainSource employees will be affected by the decision, of which 20 work in Columbus, said Archie Brown Jr., chairman, president and CEO of Greensburg-based MainSource Bank.