Divestiture Statement

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 aeefkeman@mainsourcebank.com or 812-663-6645 or Elise Cappella at media@bankatfirst.com.