Trading name
|
MainSource Bank |
---|---|
Formerly called
|
Indiana United Bancorp (1983–2002) |
Type
|
Public |
Traded as | NASDAQ: MSFG |
Industry | Banking |
Headquarters | Greensburg, Indiana, United States |
Area served
|
Indiana, Illinois, Kentucky, and Ohio |
Key people
|
Archie Brown, Jr (President/CEO) |
Products | Banking and Mortgages |
Number of employees
|
702 |
Website | www |
MainSource Bank is a community bank located in Greensburg, Indiana. The company is the operating subsidiary of the MainSource Financial Group. It operates banks in Indiana, Illinois, Kentucky, and Ohio.
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.
In February 2002, Indiana United Bancorp announced plans to consolidating the holding company's many separate banking units throughout the state of Indiana that operated under various names into a single bank to be named MainSource Bank, starting with the merger of the two largest units, People's Trust Co. of Brookville, and Union Bank of Greensburg in March to form an operating unit with 35 banking offices in 14 Indiana counties. The other subsidiary banks were also merged into MainSource as soon as the necessary regulatory approvals were obtained. At the same time, it was announced that the name of holding company was going to be changed to MainSource Financial Group, which was completed in May with its Nasdaq trading symbol changed from IUBC to MSFG.
In March 2005, MainSource Financial Group announced the pending acquisition of the Madison-based Madison Bank & Trust Company from National City Corporation for an undisclosed amount. The acquisition was completed in August 2005.
In the early 2010s, MainSource Financial Group expanded into new territories within Southern Indiana by opening new branches in Columbus, Seymour and Bloomington.
On July 25 2017, MainSource Financial Group and First Financial Bancorp entered into a definitive merger agreement. MainSource is expected to merge into First Financial in the first quarter of 2018.
2015-10-02 | Initiated Coverage | Stephens | Overweight | $25.00 |
2015-04-27 | Boost Price Target | Keefe, Bruyette & Woods | Outperform | $22.00 to $23.00 |
2015-01-30 | Boost Price Target | Keefe, Bruyette & Woods | Outperform | $21.00 to $22.00 |
2015-01-30 | Downgrade | FIG Partners | Market Perform | |
2014-07-22 | Lower Price Target | DA Davidson | Buy | $21.00 to $20.00 |
2014-04-09 | Boost Price Target | Keefe, Bruyette & Woods | $20.00 to $21.00 | |
2014-01-31 | Upgrade | Raymond James | Market Perform to Outperform | $19.00 |
2013-10-25 | Reiterated Rating | DA Davidson | Buy | $17.50 to $20.00 |
2013-10-24 | Upgrade | Keefe, Bruyette & Woods | Market Perform to Outperform | $16.00 to $19.00 |
2013-09-25 | Initiated Coverage | DA Davidson | Buy | $17.50 |
2009-12-21 | Initiated | Keefe Bruyette | Mkt Perform | $5.50 |
2015-10-02 | Initiated Coverage | Stephens | Overweight | $25.00 |
2015-04-27 | Boost Price Target | Keefe, Bruyette & Woods | Outperform | $22.00 to $23.00 |
2015-01-30 | Boost Price Target | Keefe, Bruyette & Woods | Outperform | $21.00 to $22.00 |
2015-01-30 | Downgrade | FIG Partners | Market Perform | |
2014-07-22 | Lower Price Target | DA Davidson | Buy | $21.00 to $20.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In MSFG 12 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Fund Advisors | 0.76M |
BlackRock Institutional Trust Company, N.A. | 0.72M |
BlackRock Investment Management, LLC | 97150 |
RONALD BLUE & CO LLC | 53337 |
RUSSELL FRANK CO/ | 17612 |
Dynamic Technology Lab Pte Ltd | 15450 |
BLACKROCK ADVISORS LLC | 13869 |
MANAGED ACCOUNT ADVISORS LLC | 10510 |
Independent Portfolio Consultants, Inc. | 9591 |
BlackRock Group LTD | 6687 |
KCG Holdings, Inc. | 6639 |
MetLife Securities, Inc | 8 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
MCGRAW WILLIAM J | 0.49% (100025) | MSFG / |
FRANTZ PHILIP A | 0.30% (62000) | MSFG / |
Tressler Daryl R President/CEO Lead Subsidiary | 0.26% (53948) | MSFG / |
HARTMAN RICK S | 0.17% (35163) | MSFG / |
Goodwin William J. Exec VP, Chief Credit Officer | 0.13% (26916) | MSFG / |
SMITH JOHN T | 0.10% (20341) | CHEV / MSFG / |
Crall Brian J | 0.09% (18155) | MSFG / |
THAYER CHARLES J | 0.05% (10597) | MSFG / |