By the Indiana Bankers Association
Cinnaire Corporation and the Indiana Bankers Association closed a Low-Income Housing Tax Credit investment fund generating $23.5 million to support the development and rehabilitation of two affordable multi-family apartment communities in the state. The developments will provide 136 units of affordable housing – 50 at The Monreaux in South Bend, and 86 at Cotton Mill Apartments in Cannelton. Indiana banks 1st Source Bank, South Bend, and First State Bank of Middlebury participated in the fund.
Forvis Mazars LLP / Indianapolis
FORVIS and Mazars are combining resources to create a new top 10 global network. The move is not a merger, as both firms will remain distinct, independent legal entities. The firms are creating a new two-company network that started operating under a single global brand, “Forvis Mazars LLP,” as of June 1, with more than 7,000 team members across more than 70 markets in nearly 30 states.
Krieg DeVault LLP / Indianapolis
Randall “Randy” C. Head, of counsel and member of the firm’s Governmental Affairs and Public Advocacy Practice, has been elected chairman of the Indiana Republican Party. He will remain a member of the firm’s Governmental Affairs team. Head is no stranger to the party, having served in the Indiana State Senate from 2008 – 2019.
Spry / Anderson
Eric Douglass joined the company as chief strategy officer on July 15 with a focus on overseeing merger and acquisition transitions. He will also have oversight of the business solutions department, focusing on the optimization and innovative use of technology and programs within the company.
United Bankers’ Bank / Bloomington, MN
United Bankers’ Bank has partnered with RiskScout, a financial regulation technology company, and its comprehensive BSA/AML solution designed to help financial institutions grow more efficiently and profitably while keeping their communities safe from financial crime. This innovative suite of tools streamlines BSA compliance tasks and reduces costs, all while unlocking new revenue streams for community banks.
