IBJNews

Merrillville-based bank targets Carmel

Back to TopCommentsE-mailPrintBookmark and Share

Centier Bank, a Merrillville-based financial firm with 45 branches in northwest Indiana, has opened a business banking office in Carmel and is considering future expansion in the Indianapolis-area market.

The office, at 11611 N. Meridian St., will be open daily and concentrate on commercial lending, the company announced Monday.

Centier, a 116-year-old bank in its fourth generation of family ownership, also has non-retail loan-production offices in Fort Wayne and Mishawaka. Last year, it converted a business-loan office in West Lafayette into a full-service retail bank branch.

“We had great success with our Lafayette business banking office,” Centier Bank President and CEO Mike Schrage said in a prepared statement. “With the success that we’ve seen in that market, we expect to see more business banking-to-retail office conversions in the bank’s future. Our vision is to have a retail branch in Carmel someday soon.”
    
The Carmel branch will be staffed by three banking executives: vices presidents Patrick Raftery and Jeff Olds, and credit analyst Dirk Kelly.

Centier has more than 650 employees in 22 communities and $2.1 billion in assets.

The bank will face competition in Hamilton County. Twenty-one banks—from large outfits to community institutions—have branches in the county. Since 2007, at least five new banks have joined the market, boosting the number of branches in the county to more than 115.

The draw, experts say, is obvious. The county is fast-growing, with a population that ballooned from 182,740 in 2000 to 274,569 in 2010. And people who live there have money to invest; the median household income was $85,234 in 2008, according to Census American Community Survey.
 

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:
 
Subscribe to IBJ
  1. Can your dog sign a marriage license or personally state that he wishes to join you in a legal union? If not then no, you cannot marry him. When you teach him to read, write, and speak a discernible language, then maybe you'll have a reasonable argument. Thanks for playing!

  2. Look no further than Mike Rowe, the former host of dirty jobs, who was also a classically trained singer.

  3. Current law states income taxes are paid to the county of residence not county of income source. The most likely scenario would be some alteration of the income tax distribution formula so money earned in Marion co. would go to Marion Co by residents of other counties would partially be distributed to Marion co. as opposed to now where the entirety is held by the resident's county.

  4. This is more same-old, same-old from a new generation of non-progressive 'progressives and fear mongers. One only needs to look at the economic havoc being experienced in California to understand the effect of drought on economies and people's lives. The same mindset in California turned a blind eye to the growth of population and water needs in California, defeating proposal after proposal to build reservoirs, improve water storage and delivery infrastructure...and the price now being paid for putting the demands of a raucous minority ahead of the needs of many. Some people never, never learn..

  5. I wonder if I can marry him too? Considering we are both males, wouldn't that be a same sex marriage as well? If they don't honor it, I'll scream discrimination just like all these people have....

ADVERTISEMENT