OFFICIAL PUBLICATION OF THE INDIANA BANKERS ASSOCIATION
The Lake Maxinkuckee Environmental Fund has established a scholarship fund in memory of Allen B. Chesser Jr. He was president and CEO of First National Bank of Monterey, but away from the bank, he chaired the Lake Maxinkuckee Environmental Association. The Association helps manage and maintain the needed filter strips and wetlands to make Lake […]
Scholarship Established in FNB President’s Memory Read More »
What was your first job, and what did you learn from it? My first 20+ years in banking was at Exchange Bank in Warren, Indiana. I worked in various areas, including retail-teller line, loan support and the accounting/finance department. Preparing the functional cost analysis and budgets helped me understand the costs associated with running the
Average Daily Balance Report 7/1/23 – 12/31/23 Pursuant to Public Law No. 19-1987 sec 12 (IC 5-13-10-4), the Treasurer of State shall publish semi-annually in two newspapers of general circulation in the State of Indiana the average daily balances of the funds maintained in each financial institution designated as an approved depository, listing separately funds
State Deposits in Indiana Financial Institutions July 1-Dec. 31, 2023
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The team at Spry can assist as you move forward to enhance your image and optimize the client’s view of every aspect of your bank. Today’s world is all about brand and messaging. While those are crucial to the recognition of your bank, so are printed materials, office supplies and workflow necessities. As much as
Still the Resource for Print & Office Supplies … But Now So Much More Read More »
Alliance Bank, Francesville, delivered donations totaling $32,500 on Giving Tuesday, the moniker given to the Tuesday after Thanksgiving to encourage contributions to nonprofits and local communities. Each of the bank’s 65 employees got to direct where $500 was donated within focus areas of agriculture, community development and childcare. Based on those choices, contributions were split
Banking on Community Read More »
When facing a loan default, the fundamental question for lenders is whether to exercise their remedies against the borrower and/or guarantors (collectively, “obligors”) or to pursue a settlement (workout). A forbearance agreement is a workout tool — a temporary settlement agreement. What is a Forbearance? Black’s Law Dictionary defines forbearance as the “act of abstaining
Forbearance Agreements The Benefits of a Timeout
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Rick Peters retired from Friendship State Bank in December after 41 years in the banking industry. He was with the bank for 24 years, completing his career as senior compliance officer.
Community banks, while uniquely positioned to serve their customers, share many issues and challenges in common. The ability to bring an objective outside banking consultant to the table offers valuable insight and benefits that the bank may not have considered before. Community banks are uniquely positioned to serve their customers and often benefit from a
Partnering with Experts Improves Performance Read More »
Stacey Minier, vice president, loan officer, has completed 30 years of service with Farmers & Merchants Bank, Boswell. He serves as president of Benton Central Vocational Building Trades, a member of the Benton Community Foundation Finance Committee and is a licensed IHSAA basketball official. Minier graduated from the Purdue University School of Agriculture.
Anniversary Milestones Read More »
Question: Recently, we have received several calls from customers confused by mailers appearing to be from our bank, advising them they needed to call a customer service number that was, in fact, that of a non-bank mortgage broker that we have no relationship or affiliation with. Does Indiana law prevent deceptive marketing like this? Answer:
Compliance Connection: Deceptive Marketing 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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