Mainsource*bank
German American Bancorp, Inc. (NASDAQ: GABC) today announced that its banking subsidiary, German American Bancorp ("German American"), has signed a definitive agreement to acquire five branches in Columbus and Greensburg, Indiana, with approximately $160 million deposits and $134 million in loans, as of December 31, 2017, from MainSource Bank ("MainSource"), the banking subsidiary of MainSource Financial Group, Inc. (NASDAQ:MSFG).
mainsource*bank
The sale is in connection with a previously-announced agreement between First Financial Bancorp, MainSource and the U.S. Department of Justice in order to resolve the Department's competitive concerns about First Financial's proposed acquisition of MainSource. The purchase of the branches is subject to the receipt of regulatory approvals from the relevant federal and state banking agencies.
German American Bancorp, Inc., is a NASDAQ-traded (symbol: GABC) bank holding company based in Jasper, Indiana. German American, through its banking subsidiary German American Bancorp, operates 53 banking offices in 19 contiguous southern Indiana countries and one northern Kentucky county. The Company also owns an investment brokerage subsidiary (German American Investment Services, Inc.) and a full line property and casualty insurance agency (German American Insurance, Inc.).
MainSource Bank was established in January 1904 and headquartered in Greensburg, Indiana. The bank operated as a subsidiary of Mainsource Financial Group, Inc.. MainSource Bank was classified as a commercial bank, state charter and Fed nonmember, supervised by the FDIC. MainSource Bank is no longer doing business under that name. To view branches, routing numbers, phone numbers and business hours; you can check First Financial Bank page.
First Financial and MainSource consider this partnership an ideal strategic, financial and operational fit, particularly given their respective strong and consistent performance over time. The merger will position the combined company to better serve the complementary geographies of Ohio, Indiana and Kentucky, and create a preeminent community bank in the region.
Combined, the bank is anticipated to become the sixth largest bank in deposit market share in the state of Indiana and the fourth largest in the Greater Cincinnati area. Additionally, through a recent acquisition by MainSource Bank, both companies will fulfill their plans to expand in the Louisville, Kentucky market.
The merger will result in a combined company with approximately $13.3 billion in assets, $8.9 billion in loans, $10.0 billion in deposits and $4.0 billion in assets under management, utilizing financial information as of June 30, 2017. The transaction will allow the combined company to better meet the needs of its communities in a rapidly changing banking environment, while providing the efficiencies and scale required to comply with regulatory requirements and costs associated with crossing the $10 billion asset threshold.
In a deal that will create one of largest community banks in the Midwest, First Financial Bancorp, the parent company of First Financial Bank, and MainSource Financial Group, the parent company of MainSource Bank, announced that they plan to merge.
MainSource Financial Group, Inc. is a bank holding company. The Company operates a banking subsidiary, MainSource Bank (the Bank), an Indiana state-chartered bank. Through the Bank, the Company offers a range of financial services, including accepting time and transaction deposits; making consumer, commercial, agribusiness and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services, and providing other corporate services, such as letters of credit and repurchase agreements. The Bank offers various loans, such as commercial loans, commercial real estate loans, residential loans and consumer loans. Commercial loans include secured and unsecured loans, including real estate loans, to individuals and companies and to governmental units within the market area of the Bank. It offers various deposits, which include demand, interest bearing demand, savings/money markets and certificates of deposit.
Reilly Design, with Ryan Bank Concepts, is finalizing the design for the repositionign of a current car dealership into a new bright, branded environment for an regional Indiana bank. Mainsource will use the proposed branch to service their customers as well as provide a large space for seminars and community functions.
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The Inter-American Development Bank (IDB), the main source of multilateral financing for the Latin America and the Caribbean, committed $3.8 billion for projects that target climate change adaptation and mitigation, renewable energy and environmental sustainability in 2015.
Two sources who have been briefed on the negotiations and asked to remain unnamed said Passport, a Medicaid managed care organization, wants community input on building a large health and wellness campus that could include additional businesses that cater to its membership.
Bridgewaters said once the land is transferred, she will pay off all the debt on the property. MainSource Bank recently filed a foreclosure suit against Bridgewaters, seeking payment on a $1.7 million line of credit the bank issued. Paying off the debt "goes without saying. That is a requirement," Bridgewaters said Tuesday.
The Rev. Milton Seymore, chairman of the Justice Resource Center, a civil rights group, said that the Wal-Mart would have guaranteed new retailing opportunities for western Louisville residents. He added residents still need a place to shop, and that many "would have preferred Wal-Mart to this (Passport). I feel sad, because people who live in that area may still not have a place to shop."
The Palestinian leadership says unless an Israeli settlement freeze, which expired last month is extended, they will walk out of peace talks. The uncertainty over what will happen next is affecting Palestinians in the West Bank. For many ordinary Palestinians, the settlements are their main source of income.
GARCIA-NAVARRO: The Palestinian Authority is demanding that the Israelis extend the settlement freeze. It says it can't participate in peace talks while Palestinian land is being illegally annexed. But for many ordinary Palestinians, the settlements are their main source of income.
A simple system for the collection and storage of human milk, as a voluntary community activity, is described. The case is made for preferring drip breast milk as the main source of human milk for the milk bank. The central place of precise pasteurization is emphasised as the essential feature for maintaining bacteriological quality control and simplicity of organisation. The suitability of donor breast milk for the nutrition of the low birthweight infant is discussed and evidence presented to indicate that low birthweight infants fed exclusively on donated human milk are of similar size to control term infants when assessed at 18 months corrected postnatal age. Emphasis is placed on the importance of controlled trials in relation to all innovations in feeding of low birthweight infants.
For the 70 percent of the world's poor who live in rural areas, agriculture is the main source of income and employment. But depletion and degradation of land and water pose serious challenges to producing enough food and other agricultural products to sustain livelihoods here and meet the needs of urban populations. Data presented here include measures of agricultural inputs, outputs, and productivity compiled by the UN's Food and Agriculture Organization. 041b061a72