SOUTH BEND – 1st Source Corp. has announced record earnings of $48.2 million in 2011. The bank said the financial results are 17 percent above last year, which earnings were $41.2 million. Earnings per share rose from $1.21 in 2010 to $1.96 last year. 1st Source operates 75 banking centers in 17 counties, 23 finance […]
MICHIGAN CITY – Horizon Bancorp has announced fourth quarter income was up 23 percent compared to one year ago to $3.5 million. For the year, Horizon posted earnings of $12.8 million. “Achieving record assets and net income and concurrently growing loans and deposits and reducing Horizon’s loan loss provision in a recessionary economy was a
MUNSTER – Citizens Financial Bank has been named a Top Workplace for 2011 by the Chicago Tribune for the second consecutive year. Citizens was selected following an evaluation and survey by the bank’s 300 employees that looked at direction, conditions, career, execution, managers, pay and benefits. “We are once again proud and honored to have
by Rick A. Richards Northwest Indiana bankers say their business is different–a lot different–than a year ago. Banking has seen a lot of change, nearly all of it driven by legislative reform as a result of the mortgage meltdown that threw the nation’s economy into a tailspin. Not one region bank was involved in sub-prime
Banking on Change: New regulations bring higher costs, bankers claim Read More »
MICHIGAN CITY – The Indiana Bankers Association has named 20 members to its board of directors during its annual meeting recently at the Blue Chip Casino Convention Center. Chairman if Patrick J .Glotzbach of the New Washington State Bank in Charlestown; first vice president is James C. Marcuccilli of STAR Financial Bank in Fort Wayne;
by Kathy McKimmie Wide-ranging education and training programs have been put in place by Merrillville based Centier Bank to help both children and adults learn how to manage money and credit and to help those who have been disenfranchised from the banking system make their way in. The bank’s formal initiative started seven years ago
Building Financial Literacy: Centier’s educational efforts target children and adults Read More »
ST. JOSEPH, Mich. – United Federal Credit Union of St. Joseph has completed its acquisition of Griffith Savings Bank. The acquisition was announced last fall, but the deal wasn’t completed until the FDIC signed off on the deal. According to the FDIC, the purchase by United Federal is the first time a federally chartered credit
HAMMOND – Fifty-seven needy families in the Calumet area were recipients of a special Christmas through the Adopt-a-Family program supported by employees, volunteers, medical staff, executive and vendors of Franciscan St. Margaret Health. The program is in its 26th years and allows departments or groups of friends to adopt a needy family. Employees work with
