Centier posts 44 percent 3rd quarter increase

MERRILLVILLE – Centier Bank has announced a 44 percent increase in its third quarter revenue to $72 million.

President and CEO Mike Schrage said the bank has an active residential mortgage market in the quarter and that lower loan delinquencies helped the bank’s bottom line.

Centier has assets of $2.13 billion.

Schrage said Centier expects 2013 to see an expansion in lending services. The bank is currently completing work on new offices in Crown Point and Valparaiso and expects to add a branch to the Strack & Van Til in Cedar Lake and Hammond.




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