MUNSTER – Joel Gorelick, president and chief administrative officer of Peoples Bank, is retiring from the bank. He joined Peoples in 1983 as vice president for commercial lending and went on to develop the bank’s commercial line which today accounts for 65 percent of the bank’s loan portfolio. “I was born and raised in the […]
MICHIGAN CITY – Horizon Bancorp, the parent company for Horizon Bank, has announced a third quarter profit of $4.9 million, up from $3.4 million on year ago. The increase was attributed to an improving portfolio and the acquisition of Heartland Bancshares Inc. in Franklin, Ind. CEO Craig Dwight Horizon expects to increase its commercial lending
MUNSTER – NorthWest Indiana Bancorp, the parent company for Peoples Bank, has announced net income for the third quarter more than doubled from $1.1 million to $2.3 million. The increase was attributed to income from loans and foreclosed real estate sales. Chairman and CEO David Bochnowski said the region’s economy is improving, leading more people
VALPARAISO – Centier Bank has begun work on a new branch office on Morthland Drive, not far from Indiana 2. It will replace a current office two blocks away. Centier opened that branch in 1994. The new office will have a larger lobby, more offices, more drive-through lanes, safety deposit boxes and a 24-hour ATM.
LAPORTE – Kevin Beres, senior vice president of LaPorte Savings Bank has received a diploma from the Graduate School Banking at the University of Wisconsin-Madison. The school, sponsored by the 18 state bankers associations comprising the Central States Conference of Bankers Associations, and the University of Wisconsin-Madison, was established in 1945 to provide bankers with
MICHIGAN CITY – Horizon Bancorp has raised its quarterly dividend to 15 cents a share, up from 13 cents. The dividend will be paid on Oct. 12 to shareholders of record on Sept. 28. Horizon Bancorp operates Michigan City-based Horizon Bank. Its stock is traded on the NASDAQ Global Market.
MERRILLVILLE – The annual meeting of the Regional Development Company will be 4 to 6 p.m. Thursday, Nov. 1, at Gamba Ristorante in Merrillville. At the event, the 2012 bank and lenders of the year will be announced. Reservations are needed by calling (219) 476-0504, Extension 221 or by e-mail at admin@rdc504.org.
INDIANAPOLIS – State Rep. Jeff Espich, R-Uniondale, has been named 2012 Legislator of the Year by the Indiana Bankers Association. Espich was recognized for his 40 years of service in the Indiana House of Representatives, where is currently is chairman of the House Ways and Means Committee and the State Budget Committee. In 1972, Espich
LAPORTE – Belinda Smith Caruso has joined LaPorte Savings Bank as a mortgage loan originator in the bank’s Michigan City office. Caruso has been in banking for 23 years and served as a residential lender for 20 years, most recently in Lake County. She grew up in Michigan City and earned a degree in organizational
HAMMOND – The Lakeshore Chamber of Commerce will hold its eighth annual Business Expo and Luncheon starting at 11:30 a.m. Wednesday, Sept. 26, at the Dynasty Banquet Center in Hammond. The keynote speaker is Charles L. Evans, nine president and chief executive officer of the Federal Reserve Bank Chicago. Following lunch, the expo begins at
