MainSource Completes Merger With First Financial

All MainSource branches will transition to the First Financial brand.

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The $1 billion merger between Cincinnati-based First Financial Bancorp (Nasdaq: FFBC) and Greensburg-based MainSource Financial Group Inc. (Nasdaq: MSFG) is complete. As a result of the deal, current MainSource Bank branches will transition to the First Financial Bank brand, which is expected to take place at the end of May. 

The merger was first announced in July 2017. The banks say the transition following the merger’s closing will be "business as usual" for employees and customers, though all MainSource branches are expected to be closed May 26 for purposes of the transition.

"We see this merger as a significant milestone in our company’s history that positions us for continued growth and success," said Claude Davis, executive chairman of the newly-combined company. "Our commitment to provide value to our clients, communities and shareholders remains our top priority, and by joining together, our expanded First Financial team will continue striving to provide superior service and exceed expectations for all of our constituents."

First Financial says the banking centers will reopen under the first Financial brand on May 29, bringing the company’s network to about 150 branches and more than 55,000 ATMs. The combined company now has a total asset size of approximately $14 billion.