MainSource Bank was a community bank located in Greensburg, Indiana. The company was the operating subsidiary of the MainSource Financial Group. It operated banks in Indiana, Illinois, Kentucky, and Ohio.[1] On May 25, 2018, all MainSource locations closed as part of the acquisition by First Financial Bancorp. Most locations reopened May 29, 2018 as First Financial Bank locations, but some locations remained closed if there was a redundant location nearby.
The United States Treasury purchased $57 million in shares of MainSource Financial Group under the Troubled Asset Relief Program. The Treasury sold all of its shares in the company in March 2012.[2]
History
Indiana United Bancorp was formed in 1983 by Robert Hoptry and Howard Sanders with the sole purpose of acquiring the financially troubled Union Bank and Trust Co. of Greensburg. Hoptry and Sanders were former executives who were ousted from a Kentucky bank after losing in an internal struggle for control of the Kentucky bank.[3]