MainSource Bank Expands Wealth Management Division with Purchase of Elizabethtown, Ky Firm

GREENSBURG, Ind., Feb. 21, 2017 /PRNewswire/ -- Dan Anderson, Senior Vice President-Director of Wealth Management, announced today that MainSource Bank has entered into an agreement with First Service Capital Management, Inc., located in Elizabethtown, KY, to acquire the assets under management, as well as its' employees effective February 17, 2017.  They will join MainSource Investment Services, which operates within MainSource Bank's Wealth Management division.

First Service Capital Management, Inc. is currently an independent firm offering securities through Raymond James Financial Services, Inc.   The Financial Advisor team along with firm owner, Gary Bowers, will join the MainSource team immediately.  The investment services team has more than 65 years of combined experience in the financial services industry and has served Elizabethtown and the surrounding areas for more than 18 years.  First Service Capital Management, Inc. current office location, 2900 Dolphin Drive, Suite 300, in Elizabethtown, will continue to house the investment services team.

Mr. Anderson, stated, "We are excited to announce the partnership between MainSource Investment Services and First Service Capital Management, Inc.  Because both firms offer securities through Raymond James Financial Services, current clients of First Service Capital Management will experience no changes in their accounts or services. The current staff are a welcome addition to the MainSource team and will continue to service their clients as they have in the past."

Gary Bowers, Principal of First Service Capital Management, Inc. commented, "This partnership is a win-win situation for our customers, our business and MainSource. We are happy to continue offering the local, personalized service our clients have come to expect, while maintaining a relationship with Raymond James Financial Services."

MainSource Financial Group is listed on the NASDAQ National Market (under the symbol: "MSFG") and is a community-focused, financial holding company with assets of approximately $4 billion. The Company operates 90 full-service offices throughout Indiana, Illinois, Kentucky and Ohio through its banking subsidiary, MainSource Bank, Greensburg, Indiana.

For more information about MainSource Bank, visit www.mainsourcebank.com.

SOURCE MainSource Financial Group, Inc.

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http://www.mainsourcefinancial.com