Hoosier Banker 27 Old National Bank, Evansville, cut the ribbon on a new branch in the Lafayette Square area of Indianapolis Sept. 18. The International Marketplace Coalition, the Indiana Economic Development Corporation and the construction company Davis & Associates all helped in the effort of opening the new branch at 5436 W. 38th St., which is in a majority-minority census tract area. Planning began in 2020 but was delayed because of the pandemic and supply chain challenges. State Bank, Brownsburg, is consolidating its two Brownsburg locations into a single, larger main office at its current 900 E. 56th St. location. The three-phase project includes a reimagined banking center, outdoor community plaza and an additional office building to accommodate its growing resources. The consolidation of the banking centers is planned for December 1. All employees have been retained. HB BANKING CENTER NEWS Farmers State Bank, LaGrange, broke ground on an expansion of its Angola branch in early September. The additional space is expected to help employees better serve their growing customer base in the city. Work is expected to be completed in spring 2024. Merchants Bank of Indiana, Carmel, opened its newest office in downtown Indianapolis in September. The location serves as a satellite office for the bank’s commercial and mortgage banking operations while being home to affordable housing nonprofits RDOOR Housing Corporation and Partners in Housing, allowing for seamless collaboration between the organizations. Meanwhile, a 111,000-square-foot expansion to Merchants Bank of Indiana’s headquarters in Carmel is underway. A five-story building, called Merchants Bank HQ2, will be built on the other side of 3rd Avenue SW from the existing headquarters with a skyway connecting the two. The bank’s sister company, Merchants Capital Corp., will be the primary tenant. (from left) John Mangan, project superintendent, JICI Construction; representing Farmers State Bank: Tim Newby, VP, business development officer; Nicole Lovett, VP, branch manager; Mark Cowen, EVP, chief business development officer; Joe Urbanski, president & CEO; Renea Boots, EVP, chief administration officer; and Duane Zuver, facilities manager; and Chad Owen, JICI Construction project manager and senior estimator Bank representatives and local dignitaries were on hand for a ribbon cutting at Merchants Bank of Indiana’s newest location at 441 W. Michigan St. in downtown Indianapolis on Sept. 14, 2023. This artist rendering shows the future Merchants Bank HQ2, which will connect to the bank’s existing headquarters via a skybridge over 3rd Avenue SW. (from left) Nick Chulos, Old National Bank (ONB); Moussa Ibrahim, ONB; Harold Johnson, ONB; Jim Sandgren, ONB; Gary Davis, Davis & Associates; Kathy Schoettlin, ONB; Mary Clark, International Marketplace Coalition; Jim Ryan, ONB; Tony Hobbs, ONB; Audra Hutton, ONB; Monica Phillips, ONB; Angela House, ONB; Roland Shelton, ONB; Rafael Sanchez, ONB; Christine Hobrough, ONB; Leo Lopez, ONB; and Vincent Ash, Indiana Economic Development Commission State Bank, Brownsburg, is consolidating its two Brownsburg locations into a single, larger, reimagined main office including an additional office building to house the bank’s growing operations. DEPARTMENT
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