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1.25.2012 - Centier Reports Year End Results

Centier Bank reported earnings of $16.7 million for the twelve months ended December 31, 2011. The Bank continued to bolster its well-capitalized position with total equity capital increasing to $182 million, a 12% increase over 2010. Total Assets increased 6.1% to $2.124 billion. Business loans showed an increase of $90 million to $1.183 billion; an 8.2% increase.

“As our local, state, and national economy continues to stabilize, consumers are adjusting to new spending habits and making more informed financial decisions,” stated Mike Schrage, Centier Bank president and CEO. “We’ve noticed evidence of a consumer trend toward saving. To date, Centier clients have saved more than $2 million using the Round Up Savings program we first introduced in 2010.”

In 2011, Centier opened a full-service Hammond office on Hohman Avenue in the historic downtown business district and established a Loan Production Office in the Carmel/Indianapolis market on Meridian Street. In the coming year, Centier Bank also plans to expand its residential lending market to the greater Lafayette area.

For the fifth year in a row, Centier was listed among the top 10 employers in the state of Indiana by the Indiana Chamber of Commerce. Centier was also recognized as the Small Business Administration Business Lender of the Year in Indiana, Northwest Indiana Business Quarterly Best Bank for Business, and the Regional Development Company Bank of the Year.

With a continued eye on technological advancement, Centier has introduced mobile banking to its line of services, accommodating the growing needs of its clients. In addition, Centier has a new partnership with the MoneyPass ATM network, which means that Centier clients can now experience free nationwide access to more than 22,000 ATMs with no surcharges.

Centier is now the largest privately-owned independent bank in Indiana and remains committed to being owned and operated by the Schrage family in the future. Centier has 45 branch locations throughout Northern Indiana, including business banking centers in Mishawaka and Fort Wayne, and a loan production office serving Carmel/Indianapolis.

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