MainSource acquires Greenwood investment firm

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Greensburg-based MainSource Bank has purchased Greenwood-based Capstone Investment Management LLC, which had two employees and $120 million in assets under management.

With the acquisition, Capstone became part of MainSource’s wealth management division, effective May 1.

Capstone will continue to operate from its existing office at 494 S. Emerson Ave., Suite G, and it will maintain a relationship with Raymond James Financial Services.

Capstone customers will see no change in their accounts or services and the Capstone team “will continue to service their clients as they have in the past,” said Dan Anderson, MainSource senior vice president and director of wealth management.•
 

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