MainSource Financial Group in Greensburg, Ind., has agreed to buy FCB Bancorp in Louisville, Ky.

The $4 billion-asset MainSource said in a press release Monday that it will pay about $56.9 million for the $524 million-asset parent of First Capital Bank of Kentucky. The cash-and-stock transaction is expected to close in the second quarter.

MainSource said it expects the transaction to be accretive to its 2018 diluted earnings per share by about 5%. It should take the company about 3.5 years to earn back the projected 2.5% dilution to tangible book value, which includes $6.5 million in pretax restructuring charges.

Keefe, Bruyette & Woods and Smith Amundsen advised MainSource. Sandler O'Neill and Frost Brown Todd advised FCB.

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