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
MUNSTER – Citizens Financial Bank has announced that two of its vice presidents were among the women honored in 11 categories at the Influential Women of Northwest Indiana Awards Banquet at Avalon Manor. Theresa Mudd, vice president and regional manager, won the award for Up and Coming Woman of the Year in Financial Services. Rene
SOUTH BEND – 1st Source Bank has announced the winners of its 13th annual Ernestine M. Raclin Community Leadership Awards. Five employees and five community volunteers who embody the spirit, values, energy and leadership of Ernestine M. Raclin, past chairman of 1st Source Bank, were selected. Two winners from Northwest Indiana were Jim Anton of
INDIANAPOLIS – The Indiana Bankers Association has offered several tips to the public on how to maintain good credit during the recession. The key is to pay debt on time since late payments are “credit score killers.” A late payment of $1 has the same effect as a late payment of $1,000 because the bill
MUNSTER – Citizens Financial Bank has received one of three Community Partner Awards from the Hammond-Munster Corps of the Salvation Army. “We are honored and proud to accept this Community Partner Award from the Salvation Army,” said Thomas F. Prisby, chairman and CEO. “Citizens has been serving families and businesses in Northwest Indiana for more
HAMMOND – Centier Bank has opened a new, full-service banking center at 5433 Hohman Ave. in downtown Hammond. To mark the grand opening, President and CEO Mike Schrage donated $10,000 to eight prominent community outreach organizations: Hammond Human Relations Commission, Northwest Indiana Reinvestment Alliance, Hammond Housing Authority, United Neighborhoods Inc., Hammond Development Corp., Hammond Innovations
MUNSTER – Citizens Financial Bank has completed a month of “spring cleaning” on behalf of homeless and at-risk women and children of Sojourner Truth House in Gary. The effort of the bank and its 22 branches resulted in 72 boxes of clothing and scores of household items and furniture. “Citizens is proud to participate in
