16 Hoosier Banker February 2016 Continued from page 14. ICF 1 Crossroads Bank, Wabash Farmers State Bank, Mentone German American, Jasper Horizon Bank, NA, Michigan City iAB Financial Bank, Fort Wayne The National Bank of Indianapolis Old National Bank, Evansville Our Community Bank, Spencer River Valley Financial Bank, Madison Your Community Bank, New Albany ICF 2 FCN Bank, Brookville First Federal Savings Bank, Rochester The First National Bank, Monterey Home Bank, Martinsville iAB Financial Bank, Fort Wayne The National Bank of Indianapolis Old National Bank, Evansville Spencer County Bank, Santa Claus Terre Haute Savings Bank ICF 3 1st Source Bank, South Bend Centier Bank, Northern Indiana First Federal Savings Bank, Huntington German American, Jasper Lake City Bank, Warsaw The National Bank of Indianapolis Springs Valley Bank & Trust Company, French Lick STAR Bank, Fort Wayne Indiana Community Fund Investors Fred Brown, chairman of the board of directors of Farmers State Bank, LaGrange, and of F S Bancorp, has retired from the board. He joined the board in 1978 and was elected chairman in 2011. Brown is a retired pharmacist with Miller’s Super Valu. Bill Skinner has retired from the board of directors of Hoosier Heartland State Bank, Crawfordsville, after 33 years of service. Geri Long has retired from Hoosier Heartland State Bank, Crawfordsville, after 14 years of service. Linda Hudson has retired from The National Bank of Indianapolis after 15 years of service. She was previously with Indiana National Bank and Merchants National Bank during her 41-year banking career. Hudson is a member of the Indiana Bankers Association Forty Year Club. t Taking iT Easy ICFs are located in Indiana, and banks can receive CRA consideration for their investments. ICFs boast a successful track record: • There have been three previous ICFs that have generated 28 investments, totaling $25,452,500; • Four IBA members have made repeat investments in ICFs; • All three previous ICFs are meeting or exceeding their projected returns; • The initial three ICFs have invested in 13 developments throughout Indiana, totaling 847 units of affordable housing. “Cinnaire staff have been very helpful in helping our senior staff to understand the LIHTC Fund investment, and they have provided ongoing support as the investment is implemented,” says Darrell Blocker, senior vice president/chief financial officer at Springs Valley Bank & Trust Company in Jasper. The fourth ICF offering will be available in the second quarter of this year, with an anticipated fund closing in the fall. Cinnaire’s staff is available to meet with IBA members in your community to discuss this opportunity. For more information, please contact Fred Hash, senior vice president for business development, at 317-522-5481, email: fhash@ cinnaire.com. t I����������� F��� W���� W���������, D.C. W��� I� C���� T� S������ F�������� I�����������... B��� M���� B�������SM ���.�������.���
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