Cincinnati, Ohio – January 25, 2018 – First Financial Bancorp (NASDAQ: FFBC) (“First Financial”) and MainSource Financial Group, Inc. (NASDAQ: MSFG) (“MainSource”) entered into a Letter of Agreement with the United States Department of Justice (“DOJ”) regarding the divestiture of four (4) MainSource Bank branch locations in Columbus (Bartholomew County), Indiana, and one (1) MainSource Bank branch location in Greensburg (Decatur County), Indiana. The divestiture will include all deposits and loans, as well as all real and personal property, associated with the branches. The divestiture is designed to resolve competitive concerns raised by the DOJ regarding the pending merger of First Financial and MainSource.
The branches and addresses to be sold are listed below.
Branch County Address City, State and Zip
Greensburg Plaza Decatur County 304 E 10th Street Greensburg, IN 47240
Columbus Downtown Bartholomew County 529 Washington Street, Ste 100 Columbus, IN 47201
Columbus Drive Thru Bartholomew County 803 Washington Street Columbus, IN 47201
Columbus North Bartholomew County 1901 25th Street Columbus, IN 47201
Columbus West Bartholomew County 2310 W Jonathan Moore Pike Columbus, IN 47202
The Letter of Agreement provides, among other things, that the parties will take certain required steps to sell the branches to a competitively suitable purchaser or purchasers, subject to the approval of the DOJ. Prior to sale, First Financial and MainSource will preserve, maintain and continue to operate the branches, including maintaining all branch personnel. The sale of the branches must be consummated within 180 days following completion of the merger of First Financial and MainSource.
The proposed merger remains subject to final approval of the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”) and other customary conditions.
Anyone with inquiries regarding this announcement should contact Annie Efkeman at Annie.Efkeman@bankatfirst.com or 812-663-6645 or firstname.lastname@example.org.