German American Bancorp Inc.'s pending acquisition of five MainSource Financial Group Inc. branches will involve an estimated $160 million in deposits and $134 million in loans.
The Jasper, Ind.-based buyer expects to pay an $8 million premium for the deposits and has no plans to shutter any branches. It also expects to complete the deal on or about May 18.
Greensburg, Ind.-based MainSource is selling the five sites to resolve the U.S. Justice Department's competitive concerns with regard to its merger with Cincinnati-based First Financial Bancorp.
