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NorthWest Indiana Bancorp, Peoples Bank complete purchase of Illinois-based AJS Bancorp Inc.

NorthWest Indiana Bancorp of Munster, the parent of Peoples Bank SB, announced Jan. 24 it had completed its purchase of AJS Bancorp Inc. and its wholly-owned subsidiary, A.J. Smith Federal Savings Bank of Midlothian, Ill. in a stock and cash transaction. The company announced the deal on July 31. A.J. Smith Federal Savings Bank operated …

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Horizon Bancorp, Salin Bancshares Inc. merging operations

Michigan City-based Horizon Bancorp Inc., operator of Horizon Bank, has signed a definitive agreement to combine operations with Salin Bankshares Inc. of Indianapolis. Salin Bancshares operates Salin Bank and Trust Co., which had $918.4 million in assets as of Sept. 30 and 20 banking locations in 10 Indiana counties serving Columbus, Delphi, Edinburgh, Fishers, Flora, …

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