Bailout Bank Bio: MainSource Financial Group

May 28, 2009 | 1 min read | Print Article

MainSource Financial Group, Inc. is a financial holding company headquartered in Greensburg, Indiana, with three banking subsidiaries: MainSource Bank in Greensburg, Indiana; MainSource Bank of Illinois in Kankakee, Illinois; and MainSource Bank – Ohio in Troy, Ohio. Through these subsidiaries, the company operates 65 offices in 30 Indiana counties, six offices in three Illinois counties, and six offices in two Ohio counties. In January 2009, MainSource Financial entered into an agreement with the Treasury Department as part of the Capital Purchase Programto exchange 57,000 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A and a warrant to purchase up to 571,906 shares of the company’s common stock in exchange for $57 million in cash.

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Bailout Bank Bio: MainSource Financial Group


Federal Equity Investment	$57 million
Total Revenue	$44 million
Net Income	$5.39 million
Number of Employees	805
Corporate Headquarters	Greensburg, Indiana
Business Sector	Bank
Officers and Directors	Brown, Archie, President, Chief Executive Officer, Director Hoptry, Robert, Chairman of the Board Other Officers and Directors
Corporate Website	http://www.mainsourcefinancial.com
Executive Compensation	MainSource Financial Group