MICHIGAN CITY – Horizon Bank has announced a second quarter profit of $4.9 million, the highest in the bank’s history. One year ago, Horizon posted a profit of $3.1 million. President and CEO Craig Dwight attributed the record profit to reduction in provisions for loan losses, more revenue from mortgages and a renewed focus on […]
MUNSTER – NorthWest Indiana Bancorp, the parent company for Peoples Bank in Munster, has announced second quarter financial results were virtually the same as results from one year ago. Net income in the quarter was $1.6 million, down from $1.7 million last year. For the first half of the year, net income was up $3
SOUTH BEND – Efforts to sell the 25-story Chase Tower in downtown South Bend have moved ahead with a vote by the City Council on a resolution making the sale a top priority for the city. The building is owned by Huntington Bank, which told the council it has selected a bidder for the building.
MUNSTER – Citizens Financial Bank has announced the retirement of Jeff Stur as senior vice president of retail loan management after 40 years. Stur joined the bank in 1972 as a loan trainee. He spent his entire career in lending. “We have been honored and grateful, as well as deeply appreciative of the 40 years
MUNSTER – The NorthWest Indiana Bancorp, the holding company for Peoples Bank, has announced that its board of directors has declared a 4 cent per share increase in its quarterly cash dividend. The Bancorp’s new dividend of 19 cents represents a 26.7 percent increase over the previous dividend of 15 cents a share. It will
MUNSTER – Citizens Financial Bank has announced two additions to its staff. Kelly Mamouzelos is now a part of the retail banking team at the Valparaiso Banking Center. She has 16 years of experience and is responsible for heading the branch’s team in sales and service excellence. Kristin Trapp is vice president and regional manager
MUNSTER – Citizens Financial Bank has announced the election of Jason Rebar to a three-year term on the board of directors. Rebar is business banking relationship manager. He joined the bank in 2008 and has 12 years of banking experience. Rebar is a graduate of Ball State University and received his MBA from Indiana University
LAPORTE – LaPorte Bancorp, the parent company for LaPorte Savings Bank, has declared a quarterly dividend of 4 cents a share. It will be paid on June 5 to shareholders of record at the close of business on May 23. The dividend represents a yield of 1.9 percent based on the share price of $8.60
