MainSource agrees to sell Greensburg, Columbus branches as part of merger deal

Greensburg, In. — Due to regulatory concerns, First Financial Bancorp will sell four branches to comply with the $1 billion merger agreement with Greensburg-based MainSource Bank as set forth by the U. S. Department of Justice.

Four branches in Columbus and one in Greensburg operated by MainSource will be sold.  “The divestiture is designed to resolve competitive concerns raised by the DOJ regarding the pending merger of First Financial and MainSource,” the banks said in a public filing.

Columbus Branches:

  • 529 West Washington Street
  • 803 Washington Street
  • 2310 Jonathan Moore Pike

Greensburg Branch

  • Greensburg Plaza Branch

Once the deal closes, First Financial is expected to have 16 branches in the Indianapolis market, double its current presence. It will rank sixth in deposit market share for all of Indiana and fourth in the Cincinnati market, according to an investor presentation the two institutions distributed last summer.

As of Sept. 30, First Financial had $8.8 billion in assets and 102 offices in Indiana, Ohio and Kentucky. MainSource, meanwhile, had $4.6 billion in assets and 94 branches in Indiana, Illinois, Ohio and Kentucky.