MUNSTER – Northwest Indiana Bancorp, the parent company for Peoples Bank, has announced a dividend of 19 cents a share on its stock. The dividend will be paid Oct. 5 to shareholders of record at the close of business on Sept. 28. The company’s stock is traded on the over-the-counter bulletin board under the symbol […]
LAPORTE – LaPorte Bancorp Inc. has announced a quarterly cash dividend of 4 cents a share. The dividend will be paid on Sept. 5 to shareholders of record at the close of business on Aug. 27. The payment represents a dividend yield of 1.6 percent based on the per share price of $9.74 at the
CINCINNATI – The network of 135 ATM machines operated by First Financial Bank in Northwest Indiana, Ohio and Kentucky will be upgraded in the coming months. New machines are being installed and the work is to be completed by the end of the year. The ATMs are manufactured by NCR Corp. First Financial Bank is
MERRILLVILLE – Scott May has been named chief financial officer at Centier Bank. May has 23 years of banking and financial experience. He recently worked in banking in Indianapolis and Orlando, Fla. He is a graduate of Indiana University and currently lives in Valparaiso. Centier Bank has 45 locations in Lake, Porter, LaPorte, Marshall, and
MUNSTER – CFS Bancorp has announced second quarter earnings of $1.4 million, up from $1.2 million one year ago. CFS is the parent company for Citizens Financial Bank. President and CEO Daryl Pomranke said Citizens has seen stronger demand for loans, but the bank’s nonperforming assets continuing to higher than preferred. Citizens has $1.1 billion
MERRILLVILLE – Centier Bank has announced its net income for the second quarter was $5.4 million, up from $2.7 million last year. The bank said the increase was because of improved loan delinquencies and lower loan losses. Centier has $2.16 billion in assets at the close of business on June 30, with $1.7 billion of
WESTVILLE – Purdue Federal Credit Union has opened a branch office on the campus of Purdue University North Central. The office was officially welcomed by the Greater LaPorte Chamber of Commerce. “Purdue North Central welcomes Purdue Federal Credit Union to our campus. The credit union offers a convenient location and a variety of essential services
MERRILLVILLE – Centier Bank has announced mid-year earnings of $11.1 million for the first six months of the year, compared to $5.5 million last year. The bank reported significant improvement in loan delinquencies and reduced loan losses are expected to continue through 2012. Centier also announced it will expand its mortgage services in Lafayette and
MICHIGAN CITY – Horizon Bank has announced a second quarter profit of $4.9 million, the highest in the bank’s history. One year ago, Horizon posted a profit of $3.1 million. President and CEO Craig Dwight attributed the record profit to reduction in provisions for loan losses, more revenue from mortgages and a renewed focus on
MUNSTER – NorthWest Indiana Bancorp, the parent company for Peoples Bank in Munster, has announced second quarter financial results were virtually the same as results from one year ago. Net income in the quarter was $1.6 million, down from $1.7 million last year. For the first half of the year, net income was up $3
