The company said that the chairman of the board, Robert Hoptry, has been elected to serve as the interim president and CEO of the company. Mr Hoptry served as chairman of the board of directors of MainSource from its inception in 1983 and served as president and CEO of the company from 1983 until his retirement in 1999.

Mr Hoptry said: Jim has been instrumental in guiding MainSource into a $2.5 billion, community-focused financial holding company with more than 900 employees in three states. Jim helped build a strong management team and strategy that has positioned MainSource for future success.