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MainSource-Cheviot deal to close May 20; 2 branches likely to close

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MainSource-Cheviot deal to close May 20; 2 branches likely to close

MainSourceFinancial Group Inc.'s pending acquisition of is expected toclose May 20, as originally scheduled. The deal has already received regulatoryapproval, andCheviot's shareholders vote on the matter on May 10.

Greensburg, Ind.-based MainSource will shut two of the Ohio-basedtarget's branches — one in Harrison and another in Taylor Creek. MainSourcewill otherwise be expanding its branch network, preferably with four to six newsites over the next five to six years, the CincinnatiBusiness Courier reported April 26, citing CEO Archie Brown.