Banking Archives • Page 27 of 33 • Northwest Indiana Business Magazine

Horizon acquires bank in Franklin, Ind.

MICHIGAN CITY – Horizon Bancorp, the parent company for Horizon Bank in Michigan City, has acquired Heartland Bancshares Inc. in Franklin. It operates Heartland Community Bank. The agreement calls for Horizon to issue 0.54 shares of common stock for each share of Heartland common stock. Horizon’s price per share is $18 and Heartlands was $9.72. …

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Centier Bank posts profit in 2011

MERRILLVILLE – Centier Bank has announced its 2011 earnings were up 64 percent from 2010. The bank posted a net profit of $16.7 million in 2011, up from $10.2 million in 2010. In the fourth quarter, Centier posted a profit of $6.2 million. Centier’s assets in 2011 were $2.1 billion, up 6.1 percent from last …

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Horizon Bank fourth quarter earnings up

MICHIGAN CITY – Horizon Bancorp has announced fourth quarter income was up 23 percent compared to one year ago to $3.5 million. For the year, Horizon posted earnings of $12.8 million. “Achieving record assets and net income and concurrently growing loans and deposits and reducing Horizon’s loan loss provision in a recessionary economy was a …

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Citizens Bank named a Top Workplace

MUNSTER – Citizens Financial Bank has been named a Top Workplace for 2011 by the Chicago Tribune for the second consecutive year. Citizens was selected following an evaluation and survey by the bank’s 300 employees that looked at direction, conditions, career, execution, managers, pay and benefits. “We are once again proud and honored to have …

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Building Financial Literacy: Centier’s educational efforts target children and adults

by Kathy McKimmie Wide-ranging education and training programs have been put in place by Merrillville based Centier Bank to help both children and adults learn how to manage money and credit and to help those who have been disenfranchised from the banking system make their way in. The bank’s formal initiative started seven years ago …

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