Centier Bank Builds Momentum Through Mid-Year Performance and Plans for Future Growth

New leadership, branches, and milestones prove Who You Bank With Matters

FORT WAYNE, Ind. – Centier Bank, Indiana’s largest private, family-owned bank in Indiana, is proud to announce its growth and expansion efforts in 2023. Throughout the first half of the year, Centier has welcomed new leaders, announced plans for new branches, achieved significant financial milestones, and enhanced its purpose-driven mission to bring even greater value to its clients and associates.

“Our continued investment in leadership and our communities has provided extraordinary momentum to continue our strong, 128-year legacy of serving hometown banking across the state,” explained Mike Schrage, CEO and Chairman of Centier Bank. “Building a strong network of experienced bankers who understand their clients and the needs of their communities has sustained our growth and has demonstrated that who you bank with matters.”

New Leadership Drives Innovation and Collaboration

Centier Bank is thrilled to introduce its newest leaders, banking professionals who bring a wealth of experience and expertise to the organization. Among the talented professionals who have joined Centier Bank are Doug Wood, Greater Fort Wayne Market President; Humair Chowdhry, Vice President, Commercial Lender; Scott Vermillion, Northeast Indiana Regional Sales Manager; and Brian Troutt, Vice President, Commercial Lender.

These exceptional individuals, in key roles within Centier Bank's expanding markets, are ready to make a positive impact and uphold the bank's commitment to exceptional customer service, innovation, and community engagement.

Over the past 15 years, Centier has been able to fund expansion and growth projects for Fort Wayne-area businesses and municipalities, as well as provide courier services to local businesses. The bank was also able to impact the community by presenting Centier To You Financial Education courses and individual financial guidance to employees at Fort Wayne-based companies and non-profit organizations. Today, Centier has a central Fort Wayne branch steps away from the iconic Allen County Courthouse.

Financial Milestones and Accolades

Centier Bank is delighted to have achieved several notable financial milestones in 2023, surpassing $7.5 billion in assets, increasing total deposits by 14 percent year over year and loans by 24 percent year over year. The bank's continued success is a testament to its commitment to excellence and its ability to adapt to the ever-changing banking landscape.

“This remarkable growth not only demonstrates Centier Bank's robust financial strength but also reflects the unwavering trust and support of Centier’s valued clients, reaffirming our ability to continue delivering exceptional banking services to its communities,” Schrage explained.

Forbes ranked Centier as #3 on the Indiana Best-in-State Banks list, making Centier the only bank to appear on the list for the last six consecutive years. The Indiana Chamber also recognized Centier Bank as #3 out of 17 large companies at its annual Best Places to Work Awards for the 17th consecutive year. These accolades validate the bank's commitment to serving as a leading example for financial services, customer service, and employee satisfaction, solidifying its position as a trusted partner for individuals, families, and businesses.

In a world where personal connections and community support are valued more than ever, Centier Bank firmly believes that who you bank with matters. Centier’s legacy of trust, reliability, and unwavering commitment to its clients and communities reinforces the importance of choosing a bank that truly understands and invests in a better tomorrow. For more information about Centier Bank, go to centier.com.