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 …
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 …
by Rick A. Richards Northwest Indiana bankers say their business is different–a lot different–than a year ago. Banking has seen a lot of change, nearly all of it driven by legislative reform as a result of the mortgage meltdown that threw the nation’s economy into a tailspin. Not one region bank was involved in sub-prime …
Banking on Change: New regulations bring higher costs, bankers claim Read More »
MICHIGAN CITY – The Indiana Bankers Association has named 20 members to its board of directors during its annual meeting recently at the Blue Chip Casino Convention Center. Chairman if Patrick J .Glotzbach of the New Washington State Bank in Charlestown; first vice president is James C. Marcuccilli of STAR Financial Bank in Fort Wayne; …
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 …
Building Financial Literacy: Centier’s educational efforts target children and adults Read More »
ST. JOSEPH, Mich. – United Federal Credit Union of St. Joseph has completed its acquisition of Griffith Savings Bank. The acquisition was announced last fall, but the deal wasn’t completed until the FDIC signed off on the deal. According to the FDIC, the purchase by United Federal is the first time a federally chartered credit …
HAMMOND – Fifty-seven needy families in the Calumet area were recipients of a special Christmas through the Adopt-a-Family program supported by employees, volunteers, medical staff, executive and vendors of Franciscan St. Margaret Health. The program is in its 26th years and allows departments or groups of friends to adopt a needy family. Employees work with …
MUNSTER – Thomas F. Prisby, chairman and chief executive officer of CFS Bancorp, Inc., the parent of Citizens Financial Bank, has announced his retirement after 30 years with the institution. He will serve as chairman emeritus of the bank until Dec. 31, 2013. Prisby joined the bank in 1982 and was president and CEO until …
INDIANAPOLIS – Christina M. Bennett, vice president of meetings and events for the Indiana Bankers Association, has been named 2011 Association Professional of the Year by the Indiana Society for Association Executives. Bennett joined the IBA in 1990 and is responsible for the organizations largest events, including its Mega Conference, annual convention, legislative reception and …
Small-bank values and a five-star rating. by Rick A. Richards LaPorte Savings Bank’s roots run deep in LaPorte County and Northwest Indiana. As far as Chairman and CEO Lee Brady can tell, the bank’s roots are deeper than any other bank in the region still doing business under its original name. Brady, who has been …
