WARSAW – Lake City Bank, the subsidiary of Lakeland Financial Corp., has announced that the bank has been included in the Bank Director Magazine “Nifty 50” List of high performing banks for the second consecutive year. The list is compiled by Bank Director and Sandler O’Neill + Partners to rank “the top 50 best users […]
LaPorte Savings Bank declares dividend
LAPORTE – LaPorte Bancorp, Inc. has announced that its board of directors declared a quarterly cash dividend of 4 cents per common share. The dividend will be paid on or about March 5 to stockholders of record as of the close of business on Feb. 22. This represents a dividend yield of 1.8 percent based […]
Kesling joins LaPorte Savings Bank
LAPORTE – LaPorte Savings Bank has announced the addition of Austen Kesling as mortgage loan originator at its main branch at 701 Indiana Ave., LaPorte. Kesling brings a strong background of sales and customer service to this position. A lifelong resident of LaPorte County, Kesling received a bachelor’s degree from Purdue University. Founded in 1871, […]
1st Source named among top 100 banks
SOUTH BEND – 1st Source Bank has been recognized by Forbes as one of America’s Best Banks in its annual review of the nation’s 100 largest publicly held financial institutions. 1st Source ranked 25th on the list based on an analysis of asset quality, capital adequacy and profitability. 1st Source ranked higher than any other […]
Alexandra Ylo is bank video finalist
MUNSTER – American Savings, FSB has announced that Alexandra Ylo has earned a spot as one of eight national finalists in the “Lights, Camera, Save!” video contest. “Lights, Camera, Save!” is a video contest sponsored by the American Bankers Association Education Foundation that engages youth in educating themselves and their peers about the value of […]
Old National issues 2012 earnings
EVANSVILLE – Old National Bancorp reported fourth quarter net income of $23 million, or 23 cents per share. The results compare favorably to the net income of $19.7 million, or 20 cents per share in third quarter 2012, and net income of $22.2 million, or 23 cents per share, that Old National reported in fourth […]
1st Source earnings up nearly 3 percent
SOUTH BEND – 1st Source Corp., parent company of 1st Source Bank, has announced record net income of $49.63 million for 2012, an increase of 2.98 percent over the $48.20 million in 2011. The annual net income is the highest in company history. Fourth quarter net income was $12.35 million, up 10.41 percent compared to […]
Horizon posts record net income
MICHIGAN CITY – Horizon Bancorp has announced its unaudited financial results for 2012. The bank reported net income of $19.5 million, up from $12.8 million in 2011, and the highest annual net income in the bank’s history. Fourth quarter net income was $5.2 million, a 22 percent increase and the highest quarterly net income in […]
Peoples Bank reports earnings increase
MUNSTER – NorthWest Indiana Bancorp, the holding company for Peoples Bank, reported an annual earnings increase of 27.3 percent, as net income totaled $6.9 million for 2012, compared to $5.4 million for 2011. The 2012 net income of $6.9 million represents $2.41 earnings per basic and diluted share. For the three months ended Dec. 31 […]
Old National Bank expands in South Bend
SOUTH BEND – Old National Bank, based in Evansville, has expanded in northern Indiana, acquiring 24 offices from the Bank of America in South Bend, Elkhart and southern Michigan. Old National already has four offices in South Bend, Granger and Elkhart. The acquisition includes four offices in Indiana and 20 in southern Michigan, a state […]
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