Darrell Jaggers, Senior Partner at Centier Bank, presented the American Red Cross with a $5,000 donation for its Service to Special Forces program this afternoon, proceeds from a seven-week long promotion introducing Centier Bank’s Veterans Checking account.  The account, which debuted on Veteran’s Day, was designed for the benefit of active military personnel and military veterans.  The Centier Veterans Checking account was named in honor of those who have served, and continue to serve, our nation.

Jaggers, a 30-year Army Veteran, stated that the new checking product was designed in appreciation for military service members with banking amenities and options that are considerate of a military lifestyle.  As part of its community promise, Centier partnered with the American Red Cross to make a $50 donation for every new client Veteran’s Checking account opened through December 31, 2016.

The Veterans Checking account is now a standard option among Centier’s checking products and features available worldwide access with mobile and online banking, and access to over 53,000 Fee Free ATMs in the Allpoint® network.  The account features a premier interest rate, requires a minimum $25 deposit to open, no monthly service charge (when adding direct deposit, e-statements, or $100 minimum balance; otherwise a $2 monthly fee), reduced overdraft fees, free phone transfer requests, and a 25% Safe Deposit box rental discount.

“Thanks to the generosity of funds that Centier Bank donates through its new Veterans Checking program, the Red Cross will continue to provide 24/7 global emergency communication services, along with military and veteran health care facilities across the country and around the world. As one of the nation’s premier humanitarian organizations, the American Red Cross is dedicated to helping people in need and improving their lives, which are common values between both Centier Bank and the American Red Cross,” said Duchess Adjei, Regional Communication Director for the American Red Cross.

About Centier Bank

Founded in 1895 in Whiting, Indiana, Centier Bank is the largest privately-owned independent bank in Indiana and remains committed to being owned and operated by the Schrage family for generations to come.  The Bank has been named “Best Bank for Business” for the past 14 years by the Northwest Indiana Business Quarterly publication and was listed on the Indiana Chamber’s “Best Places to Work” list for the past 10 years.

Red Cross Donation

Premier Capital held its annual Winner’s Circle Awards ceremony and has named Centier Bank as “Lender of the Year” for its efforts in community business lending.  Centier closed the highest dollar volume in the 2016 fiscal year, totaling $14.7 million.  Additionally, Dan Peter, Vice President of Business Banking, was named “Champion of the Year” for his work in the Greater Lafayette area and throughout the state.

Premier Capital is a certified development company accredited by the U.S. Small Business Administration (SBA) that specializes in the SBA 504 Loan program serving both Indiana and Kentucky.  Locally, Premier Capital administers the SBA 504 loan program to more than 800 Indiana businesses and works with banks to identify potential SBA 504 borrowers.

As the area’s leading bank in commercial real estate lending, Centier offers the SBA 504 Loan program as an instrument to help local communities grow and develop economically.  The program provides small companies with long-term fixed-rate financing for expansion, modernization, and for land and large equipment purchases.

“This recognition is a testament to everyone involved in the process of serving our clients, from my assistant, Elyse Storey, to our credit department and our operations team,” stated Peter. “We continue to finance many successful SBA projects throughout the state and our team is committed to providing the highest level of service that people have come to expect from Centier.”

For more information about Centier’s business banking services, or to contact a community business banker, visit Centier’s website at www.centier.com.

About Centier Bank

Currently, Centier Bank services 54 retail banking locations in more than 30 Indiana communities. With more than $3.8 billion in assets, Centier Bank has maintained a long-standing tradition of being owned and operated by the Schrage family. Previously, the Small Business Administration honored Centier Bank as the #1 Bank for third-party SBA originations in the state of Indiana, and among the top 10 for SBA 7(a) originations.

 

Centier Bank achieved another profitable year of growth in 2016 with reported earnings over $35.9 million and a return on average assets (ROAA) of 1.09% for the year ending December 31, 2016.  Total loans grew by over $315 million, or 12% from the prior year.  Centier Bank achieved two significant milestones in 2016 when the bank surpassed $3.5 billion in total assets and $3.0 billion in total deposits.

Commercial Loans grew by over 8% and surpassed the $2 billion mark. Mortgage Loans closed $367 million, a new high for the institution and an increase of $85 million over 2015 as the Centier brand continues to grow in outlying markets. To aid in that brand expansion, Centier added four new locations during 2016 (Westfield, Zionsville, Whitestown Meijer, and Schererville Strack & Van Til), with more planned for 2017.

In addition to retail grand openings, Centier Bank’s office expansion included the relocation of its Fort Wayne Banking Center into a larger, more prominent building at the corner of E. DuPont and Auburn Road, and additional expansion of Centier Bank corporate offices in the adjacent building near its campus headquarters in Merrillville, Indiana.

“We have experienced phenomenal growth over the past few years, particularly in our Northern and Central Indiana communities,” stated Schrage. “We’ve been welcomed by families and businesses who are starved for independent community banking and personalized services that are unique to Centier.”

Further growth is anticipated in 2017: Centier has begun construction on a new Granger branch and South Bend Downtown Banking Center in St. Joseph County to compliment nearby offices in Mishawaka and Elkhart.  Centier will also open its fifth Tippecanoe location in East Lafayette. The bank has further committed to its community relations and support by developing new divisions of the bank dedicated to growing business needs.  Centier’s Community Relations and Business Development division will aid in the bank’s philanthropy, community outreach, financial wellness, and community reinvestment act initiatives to support the bank’s culture of engagement.  Centier has established a new division and leadership team for Mortgage Warehouse Lending and services, further solidifying Centier’s commitment to remaining a premier community bank and residential lender in Indiana.

“We welcome every opportunity for residents to make the change to Centier and experience the Centier difference,” stated Schrage. “ I guarantee that you will always walk away with a network of financial professionals that can help you with every stage of life and will be your financial partner for life. Our commitment to service excellence and our family legacy are the foundation for our “Not for Sale” promise that Centier Bank will remain independently owned and operated for future generations to come.”

About Centier Bank

Since 2007, Centier Bank has been among the top “Best Places to Work in Indiana” by the Indiana Chamber of Commerce and received national attention by American Banker magazine as one of the Top Best Banks to Work For in the U.S.A.

Centier is the largest privately-owned independent bank in Indiana and remains committed to being owned and operated by the Schrage family in the future. The bank has retail banking locations in Allen, Boone, Elkhart, Hamilton, Lake, La Porte, Marion, Marshall, Porter, St. Joseph, and Tippecanoe Counties in Indiana.  For more information on Centier products and services, visit centier.com.

Michael E. Schrage, President and CEO of Centier Bank, announced the appointment of Anthony R. Contrucci as Vice President of Community and Business Development.

Contrucci, a member of the 5th generation of Schrage family management and leadership, will work closely with Lake and Porter County communities to integrate and align philanthropy, financial wellness, and Community Reinvestment Act initiatives.  As a seasoned banker, Contrucci is coordinating strategic marketing initiatives to assist businesses and communities further by unlocking financial needs, goals, and objectives, and facilitating introductions with other key personnel to provide financial solutions in Northwest Indiana.

Contrucci joined Centier Bank in 2011.  Since then, he has worked as director of investment services and as a strategic products consultant.  In addition, he has shared his passion for financial literacy by developing and hosting Money$ense, a public television series designed to educate the public on personal financial issues and financial wellness.  The series, produced by Lakeshore Public Media and the Plan Sponsor Council of America, was a pivotal role for Contrucci as a financial literacy ambassador and public figure, and introduced him to the mass outreach potential for financial wellness and Centier Bank.

Contrucci, whose office is located at Centier’s corporate headquarters in Merrillville, is also a very active member of the community, volunteering to support numerous charitable events and walks throughout the year.  He currently serves as a capital campaign cabinet member for the Boys & Girls Club of Porter County.

“Anthony has demonstrated his passion and commitment to community, business, and family by being an active leader within our organization,” stated Schrage.  “He will undoubtedly serve his new role well.  His passion for being involved is fundamental to his leadership role in our culture of engagement.”

Contrucci and his wife, Melissa, live in Chesterton with their children.

About Centier Bank

Since 1895, Centier Bank has transformed from a small community bank into the largest independently-owned and operated bank in Indiana.  For 121 years, each generation of the Schrage family has contributed a lasting legacy that has created a company built on family values, community partnership, business relationships, and a corporate culture unsurpassed in today’s community banking.  For more information on Centier Bank services, visit its website at centier.com.

Anthony Contrucci

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Merrillville, Indiana – The Regional Development Company (RDC) recently held its annual awards ceremony and has named Centier Bank as “Bank of the Year” in 2016 for its efforts in community business lending.  Centier referred 10 loans totaling $7.363 million in debenture dollars.  Additionally, Bill Winterhaler was named “Most Active Lender of the Year” and Tom Wilk was honored as “Outgoing Chair.”

The Regional Development Company is a certified development company that specializes in the 504 SBA Loan program, primarily in Northwest Indiana.  Locally, the Regional Development Company administers the SBA 504 loan program and works with banks to identify potential SBA 504 borrowers.

As the area’s leading bank in commercial real estate lending, Centier offers the 504 SBA Loan program as an instrument to help local communities grow and develop economically.  The program provides small companies with long-term fixed-rate financing for expansion, modernization, and for land and large equipment purchases.

In October, the Small Business Administration honored Centier Bank as the #1 Bank for third-party SBA originations in the state of Indiana, and among the top 10 for SBA 7(a) originations.

“Our success wouldn’t have been possible if not for the teamwork and dedication to the SBA program from our lenders, administrative assistants, central data processing, and loan operations associates,” stated Jonathan Hildebrand, Vice President and Small Business Department Manager.  “Our teams work together to finance small business in our communities and that’s what makes Centier Bank and RDC projects so successful.”

For more information about Centier’s business banking services, or to contact a community business banker, visit Centier’s website at www.centier.com.

About Centier Bank

Currently, Centier Bank services 54 retail banking locations in more than 30 Indiana communities. With more than $3.8 billion in assets, Centier Bank has maintained a long-standing tradition of being owned and operated by the Schrage family.

Bill WinterhalerBill Winterhaler, VP and Business Banker from Centier’s Highland office was named “Most Active Lender of the Year.”

Tom Wilk
Tom Wilk, Senior Vice President of Business Banking, was honored as “Outgoing Chair.”

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MERRILLVILLE, IN – Michael E. Schrage, Chairman and CEO of Centier Bank, announced today the introduction of a new account designed for the benefit of active military personnel and military veterans.  The Centier Veterans Checking account was named in honor of those who have served, and continue to serve, our nation.

Schrage stated that the new checking product was designed in appreciation for military service members with banking amenities and options that are considerate of a military lifestyle.

The Veterans Checking account offers worldwide access with mobile and online banking, and access to over 53,000 Fee Free ATMs in the Allpoint® network.  The account features a premier interest rate, requires a minimum $25 deposit to open, no monthly service charge (when adding direct deposit, e-statements, or $100 minimum balance; otherwise a $2 monthly fee), reduced overdraft fees, free phone transfer requests, and a 25% Safe Deposit box rental discount.  Adding to the many amenities of this exclusive account is a $50 donation made to the American Red Cross Service to the Armed Forces for every new Veterans Checking account opened now until December 31, 2016.

“We are thrilled to partner with Centier Bank,” said Duchess Adjei, Regional Communication Director for the American Red Cross. “Thanks to the generosity of funds that Centier Bank donates through its new Veterans Checking program, the Red Cross will continue to provide 24/7 global emergency communication services, along with military and veteran health care facilities across the country and around the world. As one of the nation’s premier humanitarian organizations, the American Red Cross is dedicated to helping people in need and improving their lives, which are common values between both Centier Bank and the American Red Cross.”

“As a 30-year military veteran, it is my pleasure to support this initiative in appreciation of my fellow veterans and active servicemen,” stated Darrell Jaggers, Senior Partner and Army Veteran.  “Centier employs many guardsmen, reservists, and veterans among our associates and our extended family and we have made a corporate vow to continually recognize and support our country’s service members and their families in peace, in crisis, and in war.”

About Centier Bank

Founded in 1895 in Whiting, Indiana, Centier Bank is the largest privately-owned independent bank in Indiana and remains committed to being owned and operated by the Schrage family for generations to come.  The Bank has been named “Best Bank for Business” for the past 14 years by the Northwest Indiana Business Quarterly publication and was listed on the Indiana Chamber’s “Best Places to Work” list for the past 10 years.

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Merrillville – All educators, in areas where Centier has a presence, are invited to attend the FREE 11th annual Financial Literacy Fair for Educators scheduled to be held at Centier’s Corporate Centre on Thursday, November 10, 2016, from 8:30 a.m. to 3:00 p.m. Space is limited to 100 attendees.

Teachers will receive financial literacy materials that can be implemented directly in their classrooms and have been correlated to state standards.  This year the Secretary of State’s office will present materials on investing!  The first ten schools to register will receive a $50 check at the conclusion of the fair to help subsidize the cost of their substitute.  All eligible educators will also receive free professional growth points for attending the entire day.

Educators from community organizations will also find the materials interesting, easy to follow and very valuable for their clients.  All will leave with free financial wellness materials that can be taught to their students or clients.

Each presentation will conclude with a question and answer segment, and the day will also offer opportunities for one on one discussions.

Please register at www.centier.com/register.  For more information, please contact Dian Reyome, Centier Bank Financial Capabilities Officer at dreyome@centier.com or 219-755-6140 ext. 1832.

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GRANGER, IN – Michael E. Schrage, Chairman and CEO of Centier Bank, and Steve Watts, Community Bank President, welcomed community leaders for a commemorative groundbreaking ceremony for Centier’s new retail branch, located in Granger.  The new location, just north of Gumwood and Cleveland Roads, will be one of three locations now serving the Greater Michiana region.

Mishawaka City Controller, Becky Miller, and St. Joseph County Chamber of Commerce President/CEO, Jeff Rea, joined Centier bankers on Thursday, September 22, 2016, to formally welcome Centier Bank to the Granger community.

Centier opened its first Mishawaka location, a commercial loan production office, in 2006.  Since then, the community bank has grown its team to more than double and expanded community services to include mortgages and personal banking.  In September 2014, Centier opened a full-service community banking center on E. Day Road.  Just a month later, Centier opened an Elkhart branch.

The 1,200 square foot retail branch will host personal banking services, drive-thru amenities, and an EZ Deposit ATM (which accepts check and cash deposits 24/7). Centier Bank is a $3.4 billion bank, and is proud to preserve a unique legacy as Indiana’s largest, private, family-owned bank.  With 54 offices across the state, Centier Bank promises to preserve community banking for generations to come.

Founded in 1895 in Whiting, Indiana, Centier Bank is the largest privately-owned independent bank in Indiana and remains committed to being owned and operated by the Schrage family for generations to come.  The Bank has been named “Best Bank for Business” for the past 14 years by the Northwest Indiana Business Quarterly publication and was listed on the Indiana Chamber’s “Best Places to Work” list for the past 10 years.

 

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WHO:

Photographers and reporters are invited to attend a regional business event featuring Indiana Secretary of State, Connie Lawson.  The presentation will provide Indiana business owners, CPAs, and their legal counsel, with valuable information regarding a new online resource for registering and managing businesses.

WHAT:

Lawson will speak about INBiz, the state of Indiana’s one-stop resource for registering and managing business, and ensuring existing businesses are compliant with state laws and regulations.  It is a best-in-class portal that provides a streamlined and expedited process for business needs.  INBiz utilizes state-of-the-art security features so businesses can feel safe about inputting business information into the system.  Additionally, services from the Department of Revenue and the Department of Workforce Development have been added.  This means that businesses can handle many state and local reporting requirements with INBiz, such as employer reporting, wage reporting, unemployment claims and premiums, and tax registration.

This free event is hosted by Centier Bank and connects business owners with tools and resources that make owning a business easier.  Interview opportunities with Connie Lawson, Secretary of State, will be available. 

 

WHEN:           Thursday, September 29, 2016, at 9:30 a.m. CST

WHERE:         Centier Bank; 600 E. 84th Avenue; Merrillville, IN 46410

 

IF YOU PLAN TO ATTEND, PLEASE CONTACT:

Angela Mendez

Centier Public Relations Manager

219-755-6140 ext. 1833

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Merrillville, IN – Secretary of State, Connie Lawson, will speak about INBiz, a one-stop business portal, at Centier Bank’s Corporate Centre, 600 E. 84th Avenue, on September 29, 2016 at 9:30 a.m.  CST.

INBiz is the state of Indiana’s one-stop resource for registering and managing your business, and ensuring existing businesses are compliant with state laws and regulations.  It is a best-in-class portal that provides a streamlined and expedited process for your business needs.  INBiz utilizes state-of-the-art security features so businesses can feel safe about inputting business information into the system.  Additionally, services from the Department of Revenue and the Department of Workforce Development have been added.  This means that businesses can handle many state and local reporting requirements with INBiz, such as employer reporting, wage reporting, unemployment claims and premiums, and tax registration.  The INBiz call center is open Monday through Friday, 7:00 a.m. to 5:00 p.m. EST to answer questions.  Their phone number is 317-234-9768.  Registration is available on the www.inbiz.in.gov site.

INBiz’s ultimate objective is to be a single point of contact for businesses to meet their requirements with the state.  The portal will continue to add functionality to make it easier to do business with the state of Indiana.  “We are pleased to host Secretary of State Connie Lawson as she shares with local business leaders the State’s new INBiz technology.  As a leading bank of choice for businesses throughout the State of Indiana, we have a vested interest in services that help our business partners grow,”  said Mike Schrage, Chairman and CEO of Centier Bank.  “With the ability to manage legal and regulatory processes in one easy place online, Indiana business owners will have more time to focus on the day-to-day operation and growth of their businesses – an outcome we are happy to support for our clients.”

Secretary Lawson remarked, “New businesses are one of the driving forces behind Indiana’s economy, and it is our mission to do everything we can to support them by making it easier to do business with the state, as well as for existing businesses by allowing them to use one username and password.”

To register for the very informational presentation, please visit www.centier.com/events.  For additional information or questions please contact Diane Durst at 219-756-4590 x 1015.

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