MUNSTER – The NorthWest Indiana Bancorp, the holding company for Peoples Bank, has announced that its board of directors has declared a 4 cent per share increase in its quarterly cash dividend. The Bancorp’s new dividend of 19 cents represents a 26.7 percent increase over the previous dividend of 15 cents a share. It will […]
MUNSTER – Citizens Financial Bank has announced two additions to its staff. Kelly Mamouzelos is now a part of the retail banking team at the Valparaiso Banking Center. She has 16 years of experience and is responsible for heading the branch’s team in sales and service excellence. Kristin Trapp is vice president and regional manager
MUNSTER – Citizens Financial Bank has announced the election of Jason Rebar to a three-year term on the board of directors. Rebar is business banking relationship manager. He joined the bank in 2008 and has 12 years of banking experience. Rebar is a graduate of Ball State University and received his MBA from Indiana University
LAPORTE – LaPorte Bancorp, the parent company for LaPorte Savings Bank, has declared a quarterly dividend of 4 cents a share. It will be paid on June 5 to shareholders of record at the close of business on May 23. The dividend represents a yield of 1.9 percent based on the share price of $8.60
MERRILLVILLE – Centier Bank has announced net income in the first quarter of $5.7 million, up from $2.8 million one year ago. The bank reported $2.15 billion in assets, up 4.4 percent from last year. Centier also announced $2 million was set aside in the first quarter to cover loan losses, compared with $6 million
MUNSTER – Peoples Bank reported first quarter net income of $1.4 million, up 15.5 percent from $1.2 million one year ago. Earnings were 48 cents per share, up from 41 cents last year. While net income was down to $5.9 million, income from fees and services rose to $1.6 million. Peoples has $668.5 million in
MICHIGAN CITY – Horizon Bancorp, the parent company for Horizon Bank, announced a record quarterly profit of $4.6 million, up 79 percent from one year ago. President and CEO Craig Dwight said the bank had $988.6 million in loans at the end of March, up from $179 million the previous year. Dwight said Horizon purchased
SOUTH BEND – 1st Source Corp. has announced that its first quarter income was $11.72 million, up by more than 10 percent from $10.61 million one year ago. Chairman and CEO Christopher Murphy said that expenses were down in the quarter while loan loss provisions for unchanged for the quarter. He said 1st Source Bank’s
SOUTH BEND – Investment banking firm Keefe, Bruyette & Woods has named 1st Source Bank of South Bend and Horizon Bank of Michigan City to its Honor Roll for superior performance. The two banks were among 45 banks in the country named to the honor roll for meeting financial performance standards. The honor roll is
VALPARAISO – 1st Source Bank has named Nikki Moseley manager of its Valparaiso West Banking Center on Morthland Drive. She has 12 years of experience and was most recently operations manager at the 1st Source Portage Central Banking Center. She is active with Junior Achievement and the American Cancer Society’s Relay for Life.
