OFFICIAL PUBLICATION OF THE INDIANA BANKERS ASSOCIATION
The Indiana Statewide Certified Development Corporation celebrated its 40th anniversary in October. The organization is affiliated with Cambridge Capital Management Corporation, an IBA associate member.
Anniversary Milestones Read More »
As a new year kicks off and you review many of your processes and providers, I’m sure insurance will be a larger item that you review closely. In today’s business climate, insurance is something that needs to be right! If the bank’s coverages aren’t adequate, it can lead to larger problems when a claim needs to be filed. Banks are unique regarding the types of insurance necessary to provide you with the peace of mind that your institution is appropriately covered. At the same time, you want the pricing for those coverages to be competitive and not inflated above the market.
Product & Services Profile: Let IBA Insurance Solutions Help You Get It Right Read More »
Cinnaire and the IBA have announced the closing of a $120 million Low-Income Housing Tax Credit Equity Fund that will be invested in communities across the upper Midwest. The fund is the largest in Cinnaire and IBA’s joint history, financing the new construction and rehabilitation of approximately 1,100 homes serving more than 2,000 people.
The Americans with Disabilities Act is a federal statute that extends civil rights protection to persons who are considered disabled. Title I of the ADA, the employment section, applies to employers with 15 or more employees and makes it unlawful to discriminate against qualified individuals (job applicants and employees) on the basis of a disability (or perception of a disability) with regard to any aspect of employment. Retaliation and harassment are also prohibited.
Human Resources: ADA May Necessitate Work Commute Accommodations Read More »
Question: Our new bank online banking software allows new customers to click a box to open an account — is that sufficient to bind them to our account agreement under Indiana law, or do we need an actual digital signature?
Compliance Connection: Electronic Signatures Read More »
What is a Safe Harbor 401(k) Plan?
A safe harbor 401(k) is a specific 401(k) retirement plan design that allows sponsoring employers to avoid certain compliance testing. Many aspects of 401(k) plans are subject to compliance testing to ensure that higher paid employees and owners don’t benefit from the plan disproportionately in comparison with the rank-and-file employees. Put another way, the plan’s provisions must not unduly discriminate in favor of owners and the highly paid.
Safe Harbor 401(k) Basics Read More »
The Farmers Bank, Frankfort, opened its newest location on Dec. 15, 2023, in Westfield, led by former Westfield Chamber CEO Steve Latour. He serves as financial center director, joined by Brittany Hall as assistant director.
Banking Center News Read More »
Centier Bank / Merrillville Chimere Griggs has been promoted to branch manager. She has been with the bank for nine years, with 18 total years of financial industry experience. Griggs graduated from both Ivy Tech and Indiana University. Steven Swingler has joined the bank as an investment executive for Centier Investment Services. He earned his
Bankers on the Move Read More »
Centier Bank, Merrillville, was recognized by the Regional Development Company as its Bank of the Year with the most funded loans based on quantity and dollar amount. The RDC is a Valparaiso-based nonprofit administering U.S. Small Business Administration 504 loans for small business growth. It partners with local financial institutions to provide business financing for
Honorable Mentions Read More »
Congratulations to Silvia Peraza, who was honored with the Indiana Bankers Association High Five Award in October. Peraza is IBA’s administrative assistant.
IBA ‘High Five’ Awards Read More »
8425 Woodfield Crossing Blvd.
Suite 155E
Indianapolis, IN 46240-7321
Phone: 317.387.9380
1345 East 3900 South #206
Millcreek, UT 84124
Phone: 801.676.9722
Fax: 801.742.5806
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