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Slide #72. MainSource Financial Group — MBT Bancorp
MainSource Financial Group (MSFG)
MainSource Financial Group, Inc. (NASDAQ:MSFG) ("MainSource" or the "Company") announced today that it has entered into a definitive merger agreement to acquire all of the common stock of MBT Bancorp ("MBT") in a cash and stock transaction valued at approximately $33.8 million.
MainSource Financial Group is a bank holding company. Through its banking subsidiary, MainSource Bank, Co. provides 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. As of Dec 31 2016, Co. operated 90 branch banking offices in Indiana, Illinois, Ohio and Kentucky. As of Dec 31 2016, Co. had total assets of $4.08 billion and total deposits of $3.11 billion.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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