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Financial Market Update: Week in Review December 7, 2022 U.S. stock indexes finished positive for the week amid investors’ ongoing hopes for a Fed pivot to less aggressive rate hikes. Fed Chairman Jerome Powell’s comments this week signaled the Fed may raise interest rates by a smaller amount this month, but he stressed that rates will need to... Click Here To Read More
A short course in fiduciary duties December 5, 2022 The “fiduciary standard” is the highest standard of care recognized by the law. A salesman is under no obligation to determine that his product is appropriate for a buyer, that the buyer can afford it, or that the purchase is in the best interest of the buyer. A fiduciary does have those... Click Here To Read More
Social Security COLA for 2023 December 5, 2022 The Social Security Administration has announced an 8.7% benefit increase for 2023, based upon inflation for the twelve months ending September 30, 2022. It’s the biggest cost of living adjustment (COLA) since 1981. For the average worker, the increase comes to about $140 per month. With... Click Here To Read More
Centier Bank Promotes Branch Manager Pia Parrott to Assistant Vice President December 2, 2022 MICHIGAN CITY, Ind. – Michael E. Schrage, President and CEO of Centier Bank, is pleased to announce Pia Parrott has been promoted to Assistant Vice President, Branch Manager of the bank. Parrott joined Centier in 2008 and served in several roles before being promoted to Branch Manager in... Click Here To Read More
Centier Bank Welcomes Donald Rome as Chief Risk Officer November 30, 2022 MERRILLVILLE, Ind. – Michael E. Schrage, President and CEO of Centier Bank, is pleased to welcome Donald Rome to the bank serving as Chief Risk Officer. In his role, Rome is responsible for overseeing regulatory risk and relations, enterprise risk, model risk, compliance, business... Click Here To Read More