Hoosier Banker 49 Looking for creative strategies to reduce your Bank’s effective tax rate? Strategies a Bank may consider to lower tax rate: Municipal Bonds Investing in Tax-Deferred Bank Owned Life Insurance (BOLI) - Nontaxable Other Income Let us help you understand BOLI as a strategy to improve the Bank’s net income. EBN specializes in the design, administration and informal financing of deferred compensation plans and procurement of BOLI. BOLI is immediately accretive to earnings and improves non- interest income and shareholder value. Earnings from BOLI are income tax-free and backed by highly rated insurance companies. BOLI & Deferred Compensation Experts | 800.780.4EBN www.ebn-design.com ©2020 EBN HORIZON BANK / Michigan City Eric Sommer has been promoted to vice president, controller. He has more than 15 years of financial industry experience. Brittany Diebolt has been promoted to commercial loan officer at the Columbus office located at 655 Third St. She has 12 years of banking experience, and her community outreach includes Sunrise Rotary Club of Columbus, United Way of Bartholomew County, Bartholomew County Financial Literacy Coalition, BNI and the Columbus Area Chamber of Commerce. Diebolt has completed Leadership Bartholomew County and is a graduate of Indiana University. Mareen L. Barton has been promoted to retail banking officer, LaGrange office. She succeeds Cathy I. Hefty, who has retired after leading the LaGrange office since 1980. Barton has been with the bank for one year. She serves as an ambassador for the LaGrange County Chamber of Commerce and volunteers for the LaGrange County Community Foundation. Carolyn M. Ross has been promoted to retail banking officer, Columbia City office. She succeeds Don L. Sexton, who has retired after leading the Columbia City office since 1997. Ross has been with the bank for 12 years. She volunteers for and serves on the board of directors of the Humane Society of Whitley County and additionally serves on the board of the Multi-County Medical Outreach Clinic. Jen M. Wilson has been promoted to retail banking officer, Shipshewana office. She has been with the bank for three years. Wilson volunteers for the Lake City Bank Reality Store and the Family Christian Development Center’s Christmas Jubilee. Denise M. Ramsey has been promoted to retail banking officer, Fort Wayne downtown office. She has been with the bank for 21 years. Ramsey volunteers for Junior Achievement, United Way of Allen County and the Society of St. Vincent de Paul. Becky Greenlaw has been promoted to vice president, trust operations and risk management. She joined the bank in 2008 as a teller before being named administrative assistant of the wealth management department, where she later was promoted to trust operations and risk management officer. Diana Drehmel has been promoted to assistant vice president, branch manager, in the Carmel office.
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