Category: Banking

An Alternative to “No”

With loans and advice, Accion Chicago helps borrowers succeed.

by Shari Held

This year Accion Chicago, a non-profit microlender affiliated with Accion International, is celebrating its 20-year anniversary. And the thousands of underserved, aspiring entrepreneurs and small business owners the lender has helped over the years are celebrating right along with Accion. That includes clients from seven Northwest Indiana counties–Lake, Porter, Jasper, LaPorte, Newton, Pulaski …

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Posted in Banking, Business, Current Issue, Fall 2014, Finance | Leave a comment

The Future is Now

Banking technologies add convenience, but some still prefer bricks and mortar.

by Jerry Davich

Today’s banking customers have more options than ever regarding their finances, but also more checks and balances when it comes to daily decision-making. Should they choose old habits over new technologies? Convenience over complexities? Face-to-face interactions versus online interfacing? Pen and paper accounting versus mobile accessibility? “The future is here today,” …

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Posted in Banking, Business, Fall 2013, Finance | Leave a comment

1st Source Bank marks 150th anniversary

SOUTH BEND – This year 1st Source Bank celebrates 150 years of helping clients achieve security, build wealth and realize their dreams. 1st Source will began its year-long celebration on June 12.

“1st Source is pleased to celebrate 150 years of service to our clients and the community,” said Christopher J. Murphy III, chairman and CEO. “For 150 years, we’ve focused on being distinctively convenient, …

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1st Source names Raclin Award winners

SOUTH BEND – 1st Source Bank has announced the winners of the 15th annual Ernestine M. Raclin Community Leadership Award. Five employees and five community volunteers who embody the spirit, values, energy and leadership of Ernestine M. Raclin, past Chairman of 1st Source Bank and 1st Source Corporation, were selected as 2013 winners of the award.

Jon Hicks, President of In Good Company in Merrillville, …

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1st Source rated a top community bank

SOUTH BEND – 1st Source Bank has been ranked in the top 15th percentile of community banks by Seifried & Brew LLC, a community bank risk management firm. 1st Source was selected from among banks with assets between $100 million and $5 billion.

 

According to Seifried & Brew, 1st Source “demonstrated exemplary performance of balancing risk and reward based on the bank’s S&B …

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First Merchants acquires Citizens Financial

MUNSTER – Citizens Financial Services, which operates Citizens Financial Bank, has been acquired by First Merchants Corp. of Muncie, Ind.

Shareholders of Citizens will receive .65 shares of First Merchants common stock for each share of Citizens stock. The deal is worth $115 million.

The merged operation will have assets of more than $5 billion and will be the second largest Indiana-based financial holding …

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1st Source named to bank honor roll

SOUTH BEND – 1st Source Corp. has been named to the Keefe, Bruyette & Woods, Inc. (KBW) “Bank Honor Roll” of Superior Performers in recognition of the bank’s strong performance over the past ten years. 1st Source is one of 47 U.S. banks to be named to this esteemed list, and one of only 33 banks to make the list for two consecutive years.

“We …

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1st Source announces earnings

SOUTH BEND – 1st Source Corp., parent company of 1st Source Bank, has announced net income of $12.40 million for the first quarter of 2013, up 5.88 percent compared to the $11.72 million reported in the first quarter a year ago.

Christopher J. Murphy III, chairman and CEO said, “1st Source completed another solid quarter. Our loan and lease portfolio grew at 7.19 percent …

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JA, Centier join for Money Smart Week

MERRILLVILLE – In celebration of Money Smart Week, Junior Achievement and Centier Bank joined together at Centier’s corporate centre to offer a Train the Trainer for teachers interested in a virtual reality store.

The JA Finance Park Virtual program, through hands-on classroom activities helps students build a foundation for making intelligent, lifelong, personal financial decisions through hands-on, site-based experiences.The free program includes in-school, teacher-led …

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LAUW appoints new allocations director

GRIFFITH – Lake Area United Way has announced Angie Williams has been appointed director of allocations. She fills the post left vacant after Dave Sikes retired on April 15 after completing nearly 28 years of service with the regional impact and fundraising organization.

Williams served seven years as executive director of the Food Bank of Northwest Indiana. She was instrumental in bringing many programs and …

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