Greensburg-based MainSource Financial Group Inc. (Nasdaq: MSFG) is growing its wealth management division. The company says it has acquired the assets of Capstone Investment Management LLC in Greenwood, which will continue to operate at its current location.
MainSource says the employees and customers of Capstone joined the company as of this week. Capstone offers securities through Raymond James Financial Services Inc.
Capstone owner Adam Allen calls the deal a win-win, saying it will allow the company to continue offering "local, personalized service."
Earlier this week, MainSource announced that it had completed its nearly $60 million acquisition of Louisville-based FCB Bancorp. With that acquisition, MainSource now operates more than 90 full-service banking offices throughout Indiana, Illinois, Kentucky and Ohio.