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Centier Bank Breaks Ground on New Cedar Lake Branch

Last Updated on Jun 20, 2023

From Left: Diane Jostes from Cedar Lake Chamber of Commerce; Janelle Spindler, Centier Bank Branch Manager; Chris Salatas, Town of Cedar Lake; Mike Schrage, CEO and Chairman of Centier Bank; Bruce Boyer, President of Boyer Construction; Jennifer Doffin, Centier Bank Regional Sales Manager; and Lisa Bossi, Treasury Management Sales Officer at Centier Bank.

CEDAR LAKE, Ind.- Michael E. Schrage, Chief Executive Officer and Chairman of Centier Bank, is pleased to announce the Bank’s plans to begin construction on a new Centier Bank branch in Cedar Lake, Ind. The new branch, which will be located at 9728 W. 133rd St. in Cedar Lake is expected to open by the end of 2023.

Schrage, along with Jennifer Doffin, Regional Sales Manager; Janelle Spindler, Centier Bank Branch Manager; Chris Salatas, Cedar Lake Town Manager; Diane Jostes of Cedar Lake Chamber of Commerce; Bruce Boyer of Boyer Construction; and others gathered June 20, 2023, at the construction site for a groundbreaking ceremony.

Centier Bank has served the Cedar Lake community with an in-store Strack and Van Til branch for the past 10 years. Schrage said the community has grown so much in the last decade and he wanted to open a new stand-alone branch to offer banking conveniences, such as drive-thru banking. He is eager to witness the remarkable journey ahead as Centier Bank lays the foundation for the new banking center in the heart of the community.

“I am filled with immense pride and excitement for what lies ahead. This groundbreaking represents our unwavering commitment to investing in this vibrant community and enriching lives for an even better tomorrow,” Schrage said. “We’re looking forward to continued success as we serve and support our valued clients, building strong relationships and fostering growth every step of the way. Together, we will create a legacy of prosperity and make a lasting difference in the lives of those we are privileged to serve."

Construction is expected to begin next month at the new, 1,900-sq. foot building located on the north side of West 133rd Avenue near the Parrish Avenue intersection in Cedar Lake. It will include the convenience of drive-up banking lanes, a drive-up EZ Deposit ATM, a free self-service coin machine, as well as the same remarkable service Centier clients have known to expect.

“Centier has helped many Cedar Lake residents purchase their homes in our beautiful town,” Salatas said. “We now get the pleasure of welcoming Centier to their new home in our growing community. We are glad they will continue to make a positive impact in Cedar Lake through their amazing banking services and community involvement.”