LAPORTE – LaPorte Savings Bank has been recognized as a superior 5-Star rated bank by BauerFinancial Inc. of Coral Gables, Fla., the nation’s leading bank rating and research firm. LaPorte Savings Bank has earned the 5-Star Superior rating for 87 consecutive quarters, putting it among the top 5 percent in the nation to earn that […]
MUNSTER – David Bochnowski, chairman and CEO of NorthWest Indiana Bancorp, the parent for Peoples Bank, has been named to the small business advisory committee for the Securities and Exchange Commission. The 20-member committee has been set up to advise the SEC on raising capital for public and private firms, trading securities for small publicly
MUNSTER – CFS Bancorp Inc., the parent company for Citizens Financial Bank, has declared a quarterly dividend of 1 cent per share of common stock. The dividend will paid on Oct. 28 to shareholders of record on Oct. 7. The dividend is unchanged from the second quarter. Citizens Financial Bank has assets of more than
MERRILLVILLE – Daniel R. Yamtich has been named vice president, team leader for Fifth Third Bank’s business banking line. He will be responsible leadership of business banking in the Merrillville region. Yamtich, who has 25 years of banking experience, previously was regional manager for commercial real estate for Fifth Third Bank. Yamtich is a graduate
WASHINGTON – Two Indiana community banks have received $41.4 million in funding from the U.S. Treasury Department’s Small Business Lending Fund. One of those banks is Horizon Bancorp in Michigan City, which received $12.5 million. “These funds will provide a powerful incentive for community banks to expand their lending to small businesses, spurring new investment
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
