If you have deposit accounts at both MainSource Bank and First Financial Bank, funds in those accounts will be separately insured for a period of six (6) months after April 1, 2018.  This time period will allow you to work with a First Financial Bank representative to restructure your accounts, if necessary.  

Basic FDIC insurance coverage is $250,000 for each depositor at each bank.  As long as the combined total is $250,000 or less (including accrued interest), all of your funds will be fully protected after the merger.  Deposits that are held in different ownership categories such as joint, single or retirement are separately insured and may still be fully insured after April 1, 2018.   

Certificates of Deposit (CDs) will be separately insured until the earliest maturity date after the end of the six (6) month grace period previously noted.  CDs that mature during the six-month period are renewed for the same term and in the same dollar amount (with or without accrued interest) continue to be separately insured until the first maturity date after the six-month period.  If a CD matures during the six-month period and is renewed on any other basis, it would be separately insured only until the end of the six-month grace period.

For more information visit https://www.fdic.gov/index.html.

General FDIC Overview