SOUTH BEND – 1st Source Corp., parent company of 1st Source Bank, has announced record net income of $49.63 million for 2012, an increase of 2.98 percent over the $48.20 million in 2011. The annual net income is the highest in company history. Fourth quarter net income was $12.35 million, up 10.41 percent compared to […]
MICHIGAN CITY – Horizon Bancorp has announced its unaudited financial results for 2012. The bank reported net income of $19.5 million, up from $12.8 million in 2011, and the highest annual net income in the bank’s history. Fourth quarter net income was $5.2 million, a 22 percent increase and the highest quarterly net income in
MUNSTER – NorthWest Indiana Bancorp, the holding company for Peoples Bank, reported an annual earnings increase of 27.3 percent, as net income totaled $6.9 million for 2012, compared to $5.4 million for 2011. The 2012 net income of $6.9 million represents $2.41 earnings per basic and diluted share. For the three months ended Dec. 31
SOUTH BEND – Old National Bank, based in Evansville, has expanded in northern Indiana, acquiring 24 offices from the Bank of America in South Bend, Elkhart and southern Michigan. Old National already has four offices in South Bend, Granger and Elkhart. The acquisition includes four offices in Indiana and 20 in southern Michigan, a state
MUNSTER – Citizens Financial Bank’s board of directors has announced a quarterly dividend of one cent per share, payable on Jan. 25 to shareholders of record on Jan. 4. The dividend was unchanged from the third quarter. CFS Bancorp, the parent company for Citizens Financial, has assets of $1.1 billion.
MUNSTER – American Savings, FSB has announced the appointment of Michael J. Purcell to its board of directors. He is the third generation of the Purcell family to be involved in the Indiana banking community. His grandfather, Dr. Joseph Abner Abel, one of the top physicians in South Bend, was also the owner and president
Local banks prosper even in tough economic times. by Michael Puente For the all the negative national economic news surrounding underwater mortgages, foreclosures and companies that can’t secure loans for new initiatives, Northern Indiana as a whole isn’t fairing too badly and is actually doing much better than other parts of the country. That’s according
WARSAW – Lakeland Financial Corp., parent company of Lake City Bank, has been included on the Sandler O’Neill Partners Sm-All Stars List. Lakeland Financial is one of only six bank holding companies that were members of the Sm-All Stars Class in 2011. Sandler O’Neill + Partners annual evaluates all publicly-traded banks and thrifts nationwide with
MUNSTER – In an effort to do its part as a community bank, American Savings FSB is taking part in the U.S. Treasury’s Small Business Lending Fund. The fund is a dedicated investment fund that encourages lending to small businesses by providing capital to qualified community banks. “This program is a win-win for the community
SOUTH BEND – 1st Source Bank has been recognized by the Small Business Administration for closing more SBA loans in the state of Indiana than any other mid-size bank. Gail Gesell, district director of the Indiana Small Business Administration presented the award to Carrie Kosac, SBA Manager at 1st Source Bank at the SBA’s annual
