Business

American Founders selling locations

MainSource Bank announced Thursday that it will purchase three branch locations from Kentucky-based American Founders Bank.

The transaction includes two locations in Frankfort and one in Lawrenceburg.

The purchase includes about $70 million in loans and $100 million in deposits.

In exchange, MainSource will sell its branch in Jefferson County, including certain loans and deposits, to American Founders.

The transaction, which is expected to close in the second quarter of 2009, is subject to regulatory approval and other closing conditions.

MainSource Bank is a subsidiary of MainSource Financial Group, Inc., which is headquartered in Greensburg, Ind.

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