Michael Schrage's son-in-law will lead the family's fifth generation at Merrilllville-based Centier Bank.
Chris Campbell, who is married to Schrage's oldest daughter Laura, was named president of the bank by its board of directors.
Schrage will remain chairman of the board and chief executive officer of the privately held, family-owned bank.
“Chris could not be more ready or prepared for this new chapter and looks forward to supervising some of the bank’s senior partners and business lines to ensure Centier Bank continues to be a leading financial institution in the state of Indiana,” Schrage said in a press release.
Schrage joined the bank in 1972 and was named president in 1977, succeeding his father Walter Schrage Jr.
“Mike’s guidance and professional mentoring has been invaluable over the years, and I am very grateful for it,” Campbell said. “We understand the responsibility we share and look forward to providing financial guidance to support our communities for an even better tomorrow.”
Both are committed to the bank's promise that it will stay family owned for years to come.
“I have had the honor of being immersed in every area of Centier Bank for the last 17 years thanks to Mike and many others, and I am dedicated to continuing the legacy for the future of Centier Bank,” Campbell said.
Campbell joined the bank in 2006, starting with retail banking, security, accounts and credit/risk management. He was promoted to vice president of business banking in 2009 in Lake and Porter counties. In 2016, he was named the market president in Porter County and Michiana. Later he was promoted to executive lending officer and then senior partner when he managed business banking, consumer loans and the mortgage division. In 2018, the board of directors made him a member.
Campbell started his career at NASDAQ in 1998 and later was vice president of equity trading at Legg Mason.
Campbell earned a Bachelor of Science in finance from Wittenburg University and a Master of Business Administration from Valparaiso University. He also has served as a board member of Regional Development Authority, Boys & Girls Club, Porter Starke Services, and the Wildermuth Foundation. Campbell was a 2020 Society of Innovators inductee.