Vol 109 2025 No. 5

1st Source Bank / South Bend Christopher J. Murphy III transitioned from chairman of the bank and CEO of its holding company to executive chairman of both the bank and its holding company, effective Oct. 1. His banking career spans more than 60 years, starting with an internship at the Office of the Comptroller of […]

Community First Bank of Indiana, Kokomo, donated $15,000 to support the Kokomo Rescue Mission’s annual Back to School Assistance Program, helping 416 students from 186 families in Howard County start the school year with confidence. Each student received a new pair of name-brand athletic shoes, six pairs of socks and six pairs of underwear. In

Mike Head celebrated 45 years with First Federal Savings Bank, Evansville, in July. He first joined the bank in 1980 after graduating from the University of Southern Indiana, serving in a variety of capacities before being named president in 2000 and president & CEO in 2004. Head serves on the advisory board of the USI

Congratulations to Chris Bennett and Maria Dowers, who were honored with the Indiana Bankers Association High Five Award in June and July, respectively. Bennett serves as the Association’s vice president of meetings & events, and Dowers is executive and government relations coordinator. The High Five Awards support professional development by inviting Association members and staff

Springs Valley Bank & Trust Company, Jasper, welcomed three summer interns this year. The program focuses on bringing local students into the bank to provide them with career connections, mentorship and networking opportunities while helping the bank identify potential future employees.

Cindy Konich retired from the Federal Home Loan Bank of Indianapolis, effective Sept. 30. The bank’s Board of Directors named Brendan McGrath as its new president and CEO, effective Oct. 1.

First Financial Bank, Cincinnati, announced two acquisition agreements over the summer. In June, the bank entered into an agreement to acquire Westfield Bancorp, the holding company of Westfield Bank FSB, Westfield Center, Ohio, in a cash and stock transaction valued at $325 million. Westfield has $2.2 billion in assets, growing First Financial to $20.6 billion.

Haberfield / Lincoln, NE Sean Payant, Ph.D., has been promoted to president of the company. He began as a consultant with the company in 2007, rising through the ranks, most recently serving as senior executive vice president, chief strategy officer. Payant is an active faculty member at both the Pacific Coast Banking School in Seattle

Average Daily Balance Report 1/1/25 – 6/30/25 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

Congratulations to the 2025 graduating class of the IBA Commercial Lending School, which took place June 2-6 at the Indiana Bankers Association Center for Professional Development in Indianapolis.