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.
INDIANAPOLIS – Six Northwest Indiana companies are among 70 Indiana companies named to the Best Places to Work in Indiana by the Indiana Chamber of Commerce. Those companies are Centier Bank of Merrillville; Citizens Financial Bank of Munster; CliftonLarsonAllen LLP of Schererville; Edward Jones, which has offices throughout Northwest Indiana; Horseshoe Casino, Hammond; and The
VALPARAISO – Sherry Desrosiers has been named trust administrator in the personal asset management group at 1st Source Bank in Valparaiso. She has 20 years of experience and most recently was vice president and executive director of the St. Mary’s Foundation in Saginaw, Mich. Previously, she was market executive for Citizens Bank. Desrosiers is a
VALPARAISO – 1st Source Bank has donated $25,000 to the Valparaiso Family YMCA for its Promises Kept capital campaign. Bob Ax, 1st Source regional president, and Gloria McKown, 1st Source Valparaiso market manager, presented the donation to Bob Wanek, CEO of the YMCA, and Joe Ubben, a YMCA board member. “We appreciate the positive impact
MUNSTER – Citizens Financial Bank reported a loss of $12.6 million in the fourth quarter, compared to net income of $918,000 a year ago. The loss was blamed on a write-down of problem assets due to lower property values. President and CEO Daryl Pomranke said the bank is moving to reduce costs in 2012, including
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.
MUNSTER – NorthWest Indiana Bancorp, the parent company for Peoples Bank, has announced a 4 percent increase in earnings for 2011. Yearly profit was $5.4 million, said David Bochnowski, chairman and CEO. In the fourth quarter, Peoples posted net income of $1.4 million, up 24 percent on 2010. The bank announced assets of $651.7 million
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
SOUTH BEND – 1st Source Corp. has announced record earnings of $48.2 million in 2011. The bank said the financial results are 17 percent above last year, which earnings were $41.2 million. Earnings per share rose from $1.21 in 2010 to $1.96 last year. 1st Source operates 75 banking centers in 17 counties, 23 finance
