IBJNews

Indiana bank cutting 80 workers after merger

Back to TopCommentsE-mailPrintBookmark and Share

More than 80 workers at northwestern Indiana's Citizens Financial Bank will be laid off following its takeover by a central Indiana-based bank.

Citizens Financial Bank president Daryl Pomranke said all the layoffs will be of employees in support roles such as operations and technology, while tellers, loan officers and salespeople will keep their jobs.

In all, nearly one-third of the 260 workers at Munster-based Citizens Financial will be laid off.

Muncie-based First Merchants bought Citizens Financial and its 20 branches in northwestern Indiana and Chicago's southern suburbs in May as part of a nearly $115 million deal. The deal made First Merchants the second-largest Indiana-headquartered bank.

Pomranke told The Times of Munster that First Merchants will take over the support functions done by the laid-off workers. The layoffs are to start in December.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
thisissue1-092914.jpg 092914

Subscribe to IBJ
ADVERTISEMENT