Add-on Acquisition • Financial Services

MainSource Financial Group Acquires Cheviot Financial

On November 24, 2015, MainSource Financial Group acquired financial services company Cheviot Financial for 107M USD

Acquisition Context
  • This is MainSource Financial Group’s 9th transaction in the Financial Services sector.
  • This is MainSource Financial Group’s largest (disclosed) transaction.
  • This is MainSource Financial Group’s 9th transaction in the United States.
  • This is MainSource Financial Group’s 2nd transaction in Ohio.

Explore All 3084 Add-on Acquisition Financial Services Deals - Search the Database Free


M&A Deal Summary

Date November 24, 2015
Target Cheviot Financial
Sector Financial Services
Buyer(s) MainSource Financial Group
Deal Type Add-on Acquisition
Deal Value 107M USD
Advisor(s) Keefe, Bruyette & Woods (Financial)
Luse Gorman (Legal)

Target Company

Cheviot Financial

Cincinnati, Ohio, United States
Cheviot Financial Corp. is a provider of traditional personal and business banking products and services, including checking, savings, business, and health savings accounts, as well as debit and credit cards, online banking, remote deposit capture and certificates of deposit.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

MainSource Financial Group

Greensburg, Indiana, United States

Category Company
Founded 1906
Sector Financial Services
Employees841
Revenue 161M USD (2015)
DESCRIPTION

MainSource Financial Group is a community-focused financial holding company. Founded in 1904 and headquartered in Greensburg, Indiana, MainSource Bank provides consumer and commercial banking services to clients in Indiana, Ohio, Kentucky and Illinois. The Company operates 101 banking centers, including 94 full-service offices, through its banking subsidiary, MainSource Bank, Greensburg, Indiana.


Deal Context for Buyer #
Overall 9 of 10
Sector: Financial Services 9 of 10
Type: Add-on Acquisition 8 of 9
State: Ohio 2 of 2
Country: United States 9 of 10
Year: 2015 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 Old National Bancorp - Five Branches

United States

Old National Bancorp - Five Branches is a provider of financial services. Five Branches located in Portland, Richmond, Brownstown, and Batesville, Indiana as well as one branch located in Union City, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 FCB Bancorp

Louisville, Kentucky, United States

FCB Bancorp, Inc. is a holding company of The First Capital Bank of Kentucky. First Capital Bank is headquartered in Louisville, Kentucky with assets of approximately $523.6 million and operates 7 full service branches in greater Louisville with a commitment to community banking and personal service.

Buy $57M