Latest News / Centier Bank Celebrates Continued Growth in 2018
Centier Bank Celebrates Continued Growth in 2018
February 4, 2019
MERRILLVILLE – 2018 was a year filled with highlights for Centier Bank, including passing the $4 billion asset milestone in the second quarter of 2018. The bank also opened new branches in the Indianapolis market with its Fishers Crossing location and in Michiana with its Elkhart North location, its 60th and 61st banking centers, respectively.
The expansion into new markets showcases Centier’s commitment to supporting Indiana communities through its remarkable service. Centier associates volunteered over 20,000 hours of community service supporting over 1,000 organizations in 2018, coordinated through its Community Relations and Business Development department. Within the division, the Community Reinvestment Act and Centier to You programs also delivered additional benefits to Indiana residents through special financing and financial literacy programs.
Centier Bank achieved another year of steady growth in 2018 with reported earnings over $57 million and a return on average assets of 1.39% for the year, ending December 31, 2018. The bank finished the year with over $4.4 billion in total assets.
“Our bank continues to benefit from our sound business practices, evidenced by our current streak of seven consecutive quarters of earnings growth,” said Mike Schrage, President and CEO of Centier Bank. “Our focus on relationship banking and community building continues to pay off for our organization, our associates, and the markets in which we operate.”
In 2018, Centier was also named the #1 Best Bank to Work For in Indiana by American Banker magazine and ranked 10th nationwide. Since 2007, Centier Bank has been among the “Best Places to Work in Indiana” by the Indiana Chamber of Commerce and is one of 19 companies to earn Hall of Fame status among the Best Places to Work.
Centier continued to implement enhanced technologies in 2018, creating efficiencies both internally for its associates but also externally for its clients. The bank also welcomed innovative leadership with three new members to its Board of Directors, including Tim Leman (Chairman and CEO of Gibson), Rich Carlton (Data Realty LLC President and COO), and Christopher Campbell (Centier Bank Senior Partner).
“Our community focus and Not for Sale promise continues to resonate with more people, businesses, and communities in the state of Indiana,” said Schrage. “While 2018 was a year filled with highlights for our organization, I am confident in our ability to build on our successes with a strong and sound approach to helping our communities grow as we grow.”