GREENSBURG, Ind. -- (Business Wire)
Archie M. Brown, Jr., President and Chief Executive Officer of
MainSource Financial Group, Inc. (NASDAQ: MSFG) announced today that its
Board of Directors has authorized a common stock repurchase program
effective January 1, 2015. Under the program, MainSource Financial Group
may purchase up to 1,085,000 shares of its outstanding common stock, or
approximately 5.0% of the currently outstanding shares. The program will
expire December 31, 2015, unless completed sooner or otherwise extended.
Stock repurchases under this program may be made through open market and
privately negotiated transactions at such times and in such amounts as
management deems appropriate in accordance with applicable Securities
and Exchange Commission regulations. The timing and actual number of
shares repurchased will depend on a variety of factors including price,
corporate and regulatory requirements and other market conditions.
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 $3.1 billion. The Company operates
80 full-service offices throughout Indiana, Illinois, Kentucky and Ohio
through its banking subsidiary, MainSource Bank, headquartered in
Greensburg, Indiana. Through its non-banking subsidiary, MainSource
Title LLC, the Company provides various related financial services.
Forward-Looking Statements
Except for historical information contained herein, the discussion in
this press release includes certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
which are covered by the safe harbor provisions of such sections. These
statements are based upon management expectations, goals and
projections, which are subject to numerous assumptions, risks and
uncertainties (many of which are beyond management’s control). Factors
which could cause future results to differ materially from these
expectations include, but are not limited to, the following: general
economic conditions; legislative and regulatory initiatives; monetary
and fiscal policies of the federal government; deposit flows; the costs
of funds; general market rates of interest; interest rates on competing
investments; demand for loan products; demand for financial services;
changes in accounting policies or guidelines; changes in the quality or
composition of the Company’s loan and investment portfolios; the
Company’s ability to integrate acquisitions; and other factors,
including various “risk factors” as set forth in our most recent Annual
Report on Form 10-K and in other reports we file from time to time with
the Securities and Exchange Commission. These reports are available
publicly on the SEC website, www.sec.gov,
and on the Company’s website, www.mainsourcefinancial.com.
Contacts:
MainSource Financial Group, Inc.
Archie M. Brown, Jr., President
and CEO, 812-663-6734
Source: MainSource Financial Group, Inc.
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