IBJ Media Co. co-owner Mickey Maurer is retiring from his role as chairman of the National Bank of Indianapolis, which he co-founded 28 years ago. He will remain a board director.
Greg Maurer, who has served on the bank’s board since 2013, will take over as chairman. He is Mickey Maurer’s son and is the founder and managing director of Heron Capital Venture Fund, a $25 million life science venture fund, and Heron Capital Equity Partners, a private equity partnership.
“It has been a privilege to serve The National Bank of Indianapolis for more than a quarter century,” Mickey Maurer said in a statement released by the bank.
“I’ll dearly miss the honor to lead this quality financial organization as its chairman, but I look forward to remaining on the board of directors and continuing to contribute and support my successor,” he said. “Rest assured our community bank is in capable hands.”
The announcement comes about two years after Morrie Mauer—Mickey’s cousin and a co-founder the bank—retired from his post as CEO. Morrie Maurer also remains a board member.
The Maurer cousins founded the bank in 1993. A change in banking laws had sparked a wave of consolidations, and they envisioned a locally focused bank that could fill an emerging void in the market.
When the bank opened its doors in December of that year, it had one office, 18 employees and $16 million in assets. Today, the bank has 13 offices in Marion, Hamilton and Johnson counties, more than 300 employees and more than $2.3 billion assets.
The National Bank of Indianapolis is the 12th largest bank in Indiana and the largest locally owned national bank in greater Indianapolis.
Greg Maurer said the bank “has established a reputation for unmatched customer service to its clientele of successful individuals and companies.”
“I look forward to working with President and CEO Mark Bruin, Mickey and the rest of the directors and employees to successfully lead the bank through the next phase of its life,” he said.