SOUTH BEND – 1st Source Bank has been ranked in the top 15th percentile of community banks by Seifried & Brew LLC, a community bank risk management firm. 1st Source was selected from among banks with assets between $100 million and $5 billion. According to Seifried & Brew, 1st Source “demonstrated exemplary performance of […]
MUNSTER – Citizens Financial Services, which operates Citizens Financial Bank, has been acquired by First Merchants Corp. of Muncie, Ind. Shareholders of Citizens will receive .65 shares of First Merchants common stock for each share of Citizens stock. The deal is worth $115 million. The merged operation will have assets of more than $5 billion
SOUTH BEND – 1st Source Corp. has been named to the Keefe, Bruyette & Woods, Inc. (KBW) “Bank Honor Roll” of Superior Performers in recognition of the bank’s strong performance over the past ten years. 1st Source is one of 47 U.S. banks to be named to this esteemed list, and one of only 33
SOUTH BEND – 1st Source Corp., parent company of 1st Source Bank, has announced net income of $12.40 million for the first quarter of 2013, up 5.88 percent compared to the $11.72 million reported in the first quarter a year ago. Christopher J. Murphy III, chairman and CEO said, “1st Source completed another solid quarter.
MERRILLVILLE – In celebration of Money Smart Week, Junior Achievement and Centier Bank joined together at Centier’s corporate centre to offer a Train the Trainer for teachers interested in a virtual reality store. The JA Finance Park Virtual program, through hands-on classroom activities helps students build a foundation for making intelligent, lifelong, personal financial decisions
GRIFFITH – Lake Area United Way has announced Angie Williams has been appointed director of allocations. She fills the post left vacant after Dave Sikes retired on April 15 after completing nearly 28 years of service with the regional impact and fundraising organization. Williams served seven years as executive director of the Food Bank of
LAPORTE – Robert M. Zborowski of Valparaiso has joined the LaPorte Savings Bank as a Commercial Lender. Zborowski brings with him over eighteen years’ experience in varying aspects of the financial industry. Prior to joining LaPorte Savings Bank, he served as a Treasury Management Officer for the past eight years. Zborowski is a Certified Treasury
LAPORTE – The LaPorte Savings Bank has announced the addition of Gary A. Booth as Residential Mortgage Loan Manager. Booth is a native of Niles, Mich. with over 30 years of experience in the banking and mortgage lending business. Booth owned and operated his own mortgage company for many years. His company was the first
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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
