MainSource Financial Group, Inc. Names Archie M. Brown, Jr. President and CEO
2008-07-24 16:00:00
MainSource Financial Group, Inc. Names Archie M. Brown, Jr. President and CEO
GREENSBURG, IN–(EMWNews – July 24, 2008) – MainSource Financial Group, Inc. (
to serve as the Company’s President and CEO, effective August 4, 2008. Mr.
Brown will also serve as a member of the Company’s Board of Directors.
Robert E. Hoptry, who has served as interim President and CEO since
February 8, 2008, will continue as Chairman of the Board, a position he has
held since 1983.
Hoptry commented, “Archie Brown is an extremely talented and experienced
banker who will bring a wealth of knowledge to MainSource. His proven
leadership is expected to be a driving force that will propel the
performance of the Company. Archie is the unanimous choice of the Board,
and we believe he is the ideal person to lead our highly qualified
executive team and a strong and dedicated workforce. We are pleased to
welcome him into our MainSource family and look forward to sharing our
vision of a community-focused banking organization with him.”
Mr. Brown, age 47, has served as Executive Vice President, Commercial and
Consumer Banking, of Integra Bank, N.A. since 2001. Integra Bank is the
multi-state banking subsidiary of Integra Bank Corporation, Evansville,
Indiana (
Mr. Brown was responsible for commercial, consumer and mortgage banking;
wealth management; information technology; and branch operations. Prior to
joining Integra, he served as an executive at U.S. Bank (formerly Firstar
Bank and Star Bank) for 11 years. He brings a total of 24 years of broadly
based banking experience to MainSource.
Brown stated, “I am extremely honored to be joining the MainSource family,
and I am very impressed with the leadership and vision of the Board and the
talent of the executive team. I look forward to working together with all
MainSource employees to continue to build on the Company’s strengths, in
particular its community bank focus.”
MainSource Financial Group, Inc. is a community-focused, financial services
holding company with assets exceeding $2.5 billion. The Company operates
77 banking offices through its three banking subsidiaries, MainSource Bank,
Greensburg, Indiana, MainSource Bank of Illinois, Kankakee, Illinois, and
MainSource Bank-Ohio, Troy, Ohio. The Company’s non-banking subsidiaries,
MainSource Insurance, LLC and MainSource Title, LLC, provide related
financial services.
Forward-Looking Statements
Except for historical information contained herein, the discussion in this
press release may include certain forward-looking statements based upon
management expectations. Actual results and experience could differ
materially from the anticipated results or other expectations expressed in
the Company’s forward-looking statements. Factors which could cause future
results to differ from these expectations include 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; the impact of our continuing acquisition
strategy; 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.
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