OFFICIAL PUBLICATION OF THE INDIANA BANKERS ASSOCIATION
ABA Insurance Services Inc. / Shaker Heights, OH American Bankers Mutual Insurance Ltd. (ABMI), the reinsurer for the insurance program co-endorsed by the American Bankers Association and Indiana Bankers Association, declared a $3.8 million annual distribution to be shared by qualified ABA-member banks through ABA Insurance Services, a member of Great American Insurance Group. Indiana […]
Associate Members’ Corner Read More »
The Indiana Bankers Association has welcomed three new staff members over recent months. Be sure to say hello the next time you come to the IBA offices for an educational opportunity or attend an IBA conference!
First Farmers Bank & Trust Co., Converse, cut the ribbon on its newest branch on May 1. The new banking center represents the bank’s expansion into Carmel, located in midtown at 175 S. Rangeline Rd. The 3,300-square-foot office provides comprehensive banking services, including lending, credit solutions, portfolio management, Treasury management, mortgage banking, wealth management and retail banking.
Banking Center News Read More »
Congratulations to Maria Dowers, who was honored with the Indiana Bankers Association High Five Award in April. She serves as the Association’s executive and government relations coordinator.
IBA ‘High Five’ Awards Read More »
As bankers, we know that the way to improve profitability is by increasing revenue or reducing costs. Profit Resources Inc., an IBA Preferred Service Provider, can help you do both! PRI is familiar to many of you as it has been involved with the IBA for more than 15 years and in operation since 1990. In fact, the company’s very first client was an Indiana bank! A family-owned business, PRI was founded by Tim Holt and is currently owned by his children, Mike Holt and Mikelle Holt Brady.
Basic Profitability: Increase Revenue, Reduce Costs Read More »
The big question over the past year has been, will the Fed achieve the soft landing they are aiming for or will we hit a recession? Both outcomes have distinct impacts on interest rate risk, as the Federal Open Market Committee would be required to react differently in terms of cuts to the federal funds rate depending on the economic environment. A soft landing, where the economy slows down but does not result in a recession, would lead to a gradually lowered fed funds rate. A soft landing, in theory, would also allow the FOMC to keep its long-term target rate at an elevated level for a longer period. A recession, a more pronounced and elongated downturn in the economy, typically leads to more severe cuts in rates both in terms of timing and magnitude in which the fed funds rate is decreased. This difference creates unique challenges for community financial institutions through changes in deposit pricing and composition, varying loan cash flows, and underscores the importance of accurate interest rate risk model assumptions.
Soft Landing vs. Recession and the Impacts on Interest Rate Risk Read More »
Brit Hollopeter, assistant vice president, loan operations manager of Lake City Bank, Warsaw, received the bank’s Commitment Award, which recognizes a team member who demonstrates its core values at work and in the communities it serves. She has been with the bank since 2017. After a promotion last year, she now leads the retail loan
Honorable Mentions Read More »
Cynthia “Cindy” M. Riemersma was appointed to chair the board of Crossroads Bank, Wabash. She succeeds Dan Ford, who will retire from the Board in October after 20 years of service, including 10 as chair. Riemersma has served on the board for nine years. She has held management positions ranging from human resources to chief
From the Board Room Read More »
Gerald L. Armstrong passed away on March 27, 2025. He was 85 years old. Armstrong worked in the banking industry for nearly 40 years, including serving as chair of the IBA in 1988-89. He started at Bentonville State Bank in 1964 (later acquired by U.S. Bank NA, Minneapolis), moving to Seymour National Bank in 1972,
When it comes to fraud, it takes a village. That may be in part because fraudsters continue to get more sophisticated, and fraud’s effect on banking is skyrocketing. According to the Federal Trade Commission, consumers lost upwards of $12.5 billion to fraud in 20241 – a 25% increase year over year. Additionally, community banks ranked cybersecurity2 as the highest internal risk to their banks.
Let’s Come Together to Address Fraud Read More »
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Phone: 317.387.9380
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Millcreek, UT 84124
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