MainSource announces dividend
GREENSBURG, Indi. — MainSource Financial Group has announced that the board of directors declared a second quarter common dividend of 17 cents per share at its May 3 meeting. The dividend is payable on June 15 to common shareholders of record as of June 5. The dividend represents a 6 percent increase to the quarterly dividend paid by the company in the first quarter of 2017.
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 $4.6 billion. The company operates 94 full-service offices throughout Indiana, Illinois, Kentucky and Ohio through its banking subsidiaries, MainSource Bank, Greensburg, Ind., and The First Capital Bank of Kentucky, Louisville, Ky.
Chief credit officer to retire
Greensburg, Ind. — Archie M. Brown, Jr., president and chief executive officer of MainSource Financial Group, Inc., the holding company for MainSource Bank, has announced the retirement of William “Bill” J. Goodwin, chief credit officer, effective May 3.
Goodwin joined MainSource Bank in 2009 with over 25 years of banking experience in commercial lending, credit administration and mortgage banking. While at MainSource, Goodwin developed and oversaw all aspects of the credit administration function and has helped MainSource Bank to maintain exceptional credit quality.
“Bill joined MainSource during the Great Recession and developed the role of chief credit officer for the bank. He has implemented robust policies governing credit approval, internal controls and portfolio diversification. As a result of his leadership, MainSource maintains a conservatively-managed loan portfolio that is positioned to withstand future economic turmoil. His extensive credit experience, along with his leadership and knowledge, have been a great asset to MainSource. We will miss Bill’s talent and guidance but we wish him very well in his much-deserved retirement,” Brown said.
For more information about MainSource Bank, visit www.mainsourcebank.com.