Credit unions offer alternatives to traditional banking. by Michael Puente When the great recession hit in 2008 and lasted through much of 2009, securing a loan through a traditional bank became more difficult, with stricter income guidelines and tougher collateral requirements as a way to reduce the risk of loans going unpaid. That meant some […]
SOUTH BEND – 1st Source Bank has been named to Bank Director Magazine’s ‘Nifty Fifty’ list of high performing banks. 1st Source is 24th on the list which ranks the top 50 best users of capital based on profitability and capital strength. 1st Source ranked higher on the ‘Nifty Fifty’ list than any other bank
SOUTH BEND – The “My Road” TV campaign that was produced on behalf of Purdue Federal Credit Union by Villing & Company won a Gold Medal at the North Central Indiana chapter of the American Advertising Federation ADDY Awards. It also took home Best of the Show. Purdue Federal Credit Union is based in West
MUNSTER – The NorthWest Indiana Bancorp, the parent company for Peoples Bank, has announced that the Board of Directors declared a dividend of 19 cents per share payable on April 5 to shareholders of record on March 29. The NorthWest Indiana Bancorp’s common stock is traded on the OTC Bulletin Board under NWIN. The Bancorp’s
WARSAW – Lake City Bank, the subsidiary of Lakeland Financial Corp., has announced that the bank has been included in the Bank Director Magazine “Nifty 50” List of high performing banks for the second consecutive year. The list is compiled by Bank Director and Sandler O’Neill + Partners to rank “the top 50 best users
LAPORTE – LaPorte Bancorp, Inc. has announced that its board of directors declared a quarterly cash dividend of 4 cents per common share. The dividend will be paid on or about March 5 to stockholders of record as of the close of business on Feb. 22. This represents a dividend yield of 1.8 percent based
LAPORTE – LaPorte Savings Bank has announced the addition of Austen Kesling as mortgage loan originator at its main branch at 701 Indiana Ave., LaPorte. Kesling brings a strong background of sales and customer service to this position. A lifelong resident of LaPorte County, Kesling received a bachelor’s degree from Purdue University. Founded in 1871,
SOUTH BEND – 1st Source Bank has been recognized by Forbes as one of America’s Best Banks in its annual review of the nation’s 100 largest publicly held financial institutions. 1st Source ranked 25th on the list based on an analysis of asset quality, capital adequacy and profitability. 1st Source ranked higher than any other
MUNSTER – American Savings, FSB has announced that Alexandra Ylo has earned a spot as one of eight national finalists in the “Lights, Camera, Save!” video contest. “Lights, Camera, Save!” is a video contest sponsored by the American Bankers Association Education Foundation that engages youth in educating themselves and their peers about the value of
EVANSVILLE – Old National Bancorp reported fourth quarter net income of $23 million, or 23 cents per share. The results compare favorably to the net income of $19.7 million, or 20 cents per share in third quarter 2012, and net income of $22.2 million, or 23 cents per share, that Old National reported in fourth
