MUNSTER – NorthWest Indiana Bancorp, the parent company for Peoples Bank, has declared a third quarter dividend of 15 cents a share. It will be paid Oct. 7 to shareholders of record on Sept. 30. The company’s over-the-counter stock is trades under the symbol NWIN.OB. Peoples has 11 banking offices in Lake and Porter counties. […]
MICHIGAN CITY – Horizon Bancorp, the parent of Horizon Bank, has announced it will increase the money it makes available for small business loans over the next two years. Horizon has received $12.5 million as its share of the U.S. Treasury Department’s Troubled Asset Relief Program. Horizon had purchased preferred shares in the program that
SOUTH BEND – Paul Marsh has been named president and CEO of Teachers Credit Union in South Bend. Marsh has been with TCU for 22 years, joining the institution right after he graduate from Indiana University. He is only the fifth president of the institution in its 80-year history. Marsh started as an intern for
MERRILLVILLE – Centier Bank has reported a second quarter profit of $2.7 million, down from $3.9 million in the same quarter one year ago. The privately held bank attributed the decline in profitability to higher operating expenses. President and CEO Michael Schrage said net interest income was $19.5 million, up 3.2 percent, but noninterest income
CROWN POINT – Lake Superior Court Judge John Pera has issued a foreclosure order for $3.66 million against White Hawk Country Club. The golf course and clubhouse is scheduled for a sheriff’s sale on Oct. 7. Owner Paul Switzer said he is trying to work out a new financial package with First Midwest Bank. The
MICHIGAN CITY – Horizon Bancorp, the parent company of Horizon Bank of Michigan City, has announced a second quarter profit of $3.1 million, up from $2.5 million one year ago. Craig Dwight, president and CEO, said the profit in the first six months of the year was the highest in the bank’s history. At the
GRIFFITH – United Federal Credit Union of St. Joseph, Mich., has acquired Griffith Savings Bank’s assets, including its deposits and liabilities valued at $81 million. Griffith Savings will retain some assets to fund employee benefit plans, which will not be taken over by United Federal. The deal is expected to be completed in the third
MUNSTER – CFS Bancorp Inc., the parent company for Citizens Financial Bank, has announced net second quarter income of $1.2 million, up from $981,000 one year ago. Per share earnings rose from 9 cents last year to 11 cents. Chairman and CEO Thomas Prisby said the bank is well on its way to diversifying its
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SOUTH BEND – 1st Source Corp., the parent company of 1st Source Bank, announced net income of $14.87 million for the second quarter of 2011, an increase of 90.7 percent from one year ago. For the first six months of the year, net income was $25.47 million, up 45.78 percent from 2010. “I am quite
The entrepreneurial spirit is alive and well in Northwest Indiana. Small business incubators dot the region’s landscape – from Valparaiso to Hammond, from Merrillville to South Bend. As the landscape for small business changes from traditional pursuits in manufacturing to high-tech ventures, new questions arise among entrepreneurs on how to ensure success. To help answer
