Purdue University Northwest in partnership with the Indiana Bankers Association, is launching a new banking concentration program for undergraduate students majoring in finance this fall.
Christopher Murphy, chairman and CEO of South Bend-based 1st Source Bank, recently was elected to the board of directors of the Federal Reserve Bank of Chicago. 1st Source Corp., parent company of 1st Source Bank, has assets of $6.29 billion and operates 80 banking centers across southwest Michigan and northern Indiana. The company also operates […]
Greg Gottschalk has been named vice president, business banking for Centier Bank out of its downtown Valparaiso branch. Gottschalk is a veteran business banker with experience in lending and credit administration. He is a graduate of the Kelley School of Business at Indiana University, with a degree in accounting and finance. Gottschalk also is involved […]
MUNSTER – NorthWest Indiana Bancorp, parent of Peoples Bank SB, is continuing its expansion into Illinois. The company announced July 31 it will acquire AJS Bancorp Inc. and its wholly-owned subsidiary, A.J. Smith Federal Savings Bank of Midlothian, Ill., which operates one branch in Midlothian, Ill. and two in Orland Park, Ill., in a stock […]
Michigan-based Flagstar Bancorp Inc. announced June 5 it plans to acquire 52 Wells Fargo Bank branches in Indiana, Michigan, Wisconsin and Ohio, with approximately $2.3 billion in deposits and $130 million in loans, along with other related assets. “We’re excited to welcome the Wells Fargo employees and customers to Flagstar Bank,” said Alessandro DiNello, president […]
First Financial Bancorp. completed the conversion of MainSource Financial Group branches into First Financial locations. The systems, locations and branding were combined during Memorial Day weekend. The combined operations now have more than 150 banking center locations across Ohio, Indiana, Illinois and Kentucky. First Financial operates several locations across Northwest Indiana. The conversion of the […]
Cincinnati-based Fifth Third Bancorp and MB Financial Inc. will merge operations in a stock and cash transaction valued at $4.7 billion. MB Financial is the holding company for MB Financial Bank, which has about $20 billion in assets and has served the Chicago area for more than 100 years. The deal still is subject […]
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, reported a record high net income of $17.18 million for the third quarter of 2017, an increase of 20.46% compared to $14.26 million reported in the third quarter a year ago, bringing the 2017 year-to-date net income to $50.06 million compared to $42.56 million […]