American Founders Bancorp in Lexington, Ky., is looking at ways to shrink its balance sheet to help strengthen its capital position.

The $380 million-asset company announced Monday that it plans to close one of its Lexington branches by the end of October, leaving it with three branches in its hometown. The company agreed in August to sell its branch in Shelbyville, Ky., to MainSource Financial (MSFG) in Greensburg, Ind., in a deal that should close by the end of the year. MainSource will also obtain $37 million in loans and $37 million in deposits.

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