SOUTH BEND – Efforts to sell the 25-story Chase Tower in downtown South Bend have moved ahead with a vote by the City Council on a resolution making the sale a top priority for the city. The building is owned by Huntington Bank, which told the council it has selected a bidder for the building. …
MUNSTER – Citizens Financial Bank has announced the retirement of Jeff Stur as senior vice president of retail loan management after 40 years. Stur joined the bank in 1972 as a loan trainee. He spent his entire career in lending. “We have been honored and grateful, as well as deeply appreciative of the 40 years …
MUNSTER – The NorthWest Indiana Bancorp, the holding company for Peoples Bank, has announced that its board of directors has declared a 4 cent per share increase in its quarterly cash dividend. The Bancorp’s new dividend of 19 cents represents a 26.7 percent increase over the previous dividend of 15 cents a share. It will …
MUNSTER – Citizens Financial Bank has announced two additions to its staff. Kelly Mamouzelos is now a part of the retail banking team at the Valparaiso Banking Center. She has 16 years of experience and is responsible for heading the branch’s team in sales and service excellence. Kristin Trapp is vice president and regional manager …
MUNSTER – Citizens Financial Bank has announced the election of Jason Rebar to a three-year term on the board of directors. Rebar is business banking relationship manager. He joined the bank in 2008 and has 12 years of banking experience. Rebar is a graduate of Ball State University and received his MBA from Indiana University …
LAPORTE – LaPorte Bancorp, the parent company for LaPorte Savings Bank, has declared a quarterly dividend of 4 cents a share. It will be paid on June 5 to shareholders of record at the close of business on May 23. The dividend represents a yield of 1.9 percent based on the share price of $8.60 …
MERRILLVILLE – Centier Bank has announced net income in the first quarter of $5.7 million, up from $2.8 million one year ago. The bank reported $2.15 billion in assets, up 4.4 percent from last year. Centier also announced $2 million was set aside in the first quarter to cover loan losses, compared with $6 million …
MUNSTER – Peoples Bank reported first quarter net income of $1.4 million, up 15.5 percent from $1.2 million one year ago. Earnings were 48 cents per share, up from 41 cents last year. While net income was down to $5.9 million, income from fees and services rose to $1.6 million. Peoples has $668.5 million in …
MICHIGAN CITY – Horizon Bancorp, the parent company for Horizon Bank, announced a record quarterly profit of $4.6 million, up 79 percent from one year ago. President and CEO Craig Dwight said the bank had $988.6 million in loans at the end of March, up from $179 million the previous year. Dwight said Horizon purchased …
SOUTH BEND – 1st Source Corp. has announced that its first quarter income was $11.72 million, up by more than 10 percent from $10.61 million one year ago. Chairman and CEO Christopher Murphy said that expenses were down in the quarter while loan loss provisions for unchanged for the quarter. He said 1st Source Bank’s …
