1st Independence Financial Group, Inc.

Type: Public
On the web: http://www.1stindependence.com

1st Independence Financial Group is the holding company for 1st Independence Bank, which operates around 10 locations in Kentucky and Indiana. The company's 1st Independence Mortgage operates through the bank's branches. In addition to standard deposit products and services, the bank focuses on residential mortgages (about 40% of its portfolio), but also offers construction, commercial real estate, and other loans. The company was formed in 2004 when Harrodsburg First Financial Bancorp bought Indiana's privately held Independence Bancorp. Indiana-based MainSource Financial Group is buying 1st Independence Financial Group.

Key numbers for fiscal year ending December, 2007:
Sales: $24.2M
One year growth: (0.7%)
Net income: ($4.8)M

Officers:
Chairman: Matthew C. Chalfant
President and Director; President and CEO, 1st Independence Bank: N. William (Bill) White
EVP and COO, 1st Independence Financial Group and 1st Independence Bank: Kathy L. Beach

Competitors:
Community Bank Shares of Indiana
Fifth Third
National City