View Full Version : Possible Stock takeover

03-01-2006, 03:08 PM
I play the market a little and have some local knowledge of a bank stock that could be bought by one of the large ones. It is a local Indiana bank that is profitable and even if it does not get sold pays a 3% dividend! it is down to $18.50 or so a share now and could sell for $23-25 if taken over. Might want to look into! Symbol is MSFG- Mainsource Bank.


03-08-2006, 01:18 PM
First Quarter Dividend Declared MainSource Financial Group
Monday February 27, 2:54 pm ET

GREENSBURG, IN--(MARKET WIRE)--Feb 27, 2006 -- MainSource Financial Group's (NasdaqNM:MSFG - News) Board of Directors announced today that the Company declared a first quarter common dividend of $.135 per share at its February 21, 2006 meeting. The dividend is payable on March 15, 2006 to common shareholders of record as of March 6, 2006. The dividend represents a 4.0% increase over the dividend paid to shareholders in the first quarter last year. This is MainSource Financial Group's sixty-second consecutive quarterly cash dividend.

MainSource Financial Group, Inc., headquartered in Greensburg, Indiana, is listed on the NASDAQ National Market (under the symbol:"MSFG") and is a community-focused, financial holding company with assets of approximately $1.6 billion. The Company operates 54 offices in 23 Indiana counties and six offices in three Illinois counties through its two banking subsidiaries, MainSource Bank, Greensburg, Indiana and MainSource Bank of Illinois, Kankakee, Illinois. Through its non-banking subsidiaries, MainSource Insurance LLC, MainSource Title LLC, and MainSource Mortgage LLC, the Company and its banking subsidiaries provide various 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. 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; and changes in the quality or composition of the Company's loan and investment portfolios.

The forward-looking statements included in the press release relating to certain matters involve risks and uncertainties, including anticipated financial performance, business prospects, and other similar matters, which reflect management's best judgment based on factors currently known. Actual results and experience could differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements as a result of a number of factors, including but not limited to, those discussed in the press release.

MainSource Financial Group, 201 N. Broadway, P.O. Box 87, Greensburg, IN 47240

James L. Saner, Sr.
President and CEO
MainSource Financial Group, Inc.

03-08-2006, 01:20 PM
Bank earnings climb in 2Q
Friday February 17, 5:38 pm ET

Peoples Ohio Financial Corp.'s earnings increased nearly 7 percent in the second quarter of its fiscal year and its merger with an Indiana bank is expected to close in the spring, the financial holding company said Friday.

For the quarter ended Dec. 31, total earnings were $443,632, or 6 cents per diluted share, compared with $440,663, or 6 cents per diluted share, in the prior year period.

Total assets on Dec. 30 were $204 million, compared with $199.9 million at the end of the fiscal year 2005 on June 30. Net loans were up slightly more than 4 percent, or $7.5 million, in the second quarter, compared with the previous year end. Comparing the same two periods, deposits dropped more than 5 percent to $119.1 million from $126.5 million.

Peoples Ohio is the holding company for Peoples Savings Bank, which has approximately $200 million in assets and five banking centers and wealth management offices in Troy, Piqua and Clayton. It has been an independent, community bank for 115 years.

Peoples Ohio announced Sept. 29 it had reached a deal to be acquired by MainSource Financial Group for approximately $41.75 million. Under the deal, shareholders of Peoples Ohio Financial (OTCBB:POHF - News) will get cash of about $5.60 per share or about 0.3068 share of MainSource (Nasdaq:MSFG - News) common stock for each share held.

The transaction is expected to close in the first quarter of 2006, subject to regulatory approvals and approval by Peoples' shareholders. The merger will increase value for shareholders and liquidity of the stock, bank officials have said.

MainSource is a community bank financial services holding company based in Greensburg, Ind., and has current assets of $1.7 billion. Through its three banking subsidiaries, it has 55 offices in Indiana and six offices in Illinois.

After the merger, Peoples Savings Bank will become a stand-alone, chartered commercial bank with a restructured loan board under MainSource ownership. Local customers will see little change in routine operations, although the bank's name will become MainSource Bank of Ohio sometime in 2006, bank officials have said.

03-08-2006, 01:21 PM
I like the P/E ratio on this one.