Utilizing the Paycheck Protection Program (PPP) loan program made available through the CARES Act,* the banks of Indiana are helping small businesses remain viable throughout the COVID-19 pandemic. Bankers have been working nearly around the clock to assist small businesses and prevent layoffs through PPP loans backed by the U.S. Small Business Administration.
Throughout the COVID-19 pandemic, Indiana banks will remain open for business and committed to helping Hoosiers overcome economic challenges. Recent passage of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides additional leverage to help the communities they serve through Paycheck Protection Program loans and other measures.
The Paycheck Protection Program (PPP) will offer some relief to small businesses in Indiana as it launches on Friday, April 3. Indiana bankers ask for patience from the public as the program begins. Application volume will be very high as the financial institutions qualified to offer these loans will strive to keep up with demand.
All 122 member banks of the Indiana Bankers Association are open for business and are able to fully serve the needs of their customers. While implementing public health measures in response to COVID-19, banks continue to provide essential services to customers and communities.
Rod Lasley has been promoted to executive vice president-operations & member services of the Indiana Bankers Association, effective Jan. 1.
In this position he is responsible for oversight of the Association’s business practices, member engagement and corporate communications. Additionally, he continues to serve as president of two for-profit companies owned by the IBA.
The members of the 2020 board of directors of the Indiana Bankers Association have assumed positions, effective Jan. 1. Board members were elected at the IBA Annual Convention last September. The functions of the board are to develop IBA policy and to establish long-range goals and objectives. Additionally, the board helps determine the Association’s legislative programs and positions on issues affecting the Indiana banking community.
Kathy A. Schoettlin, EVP, chief culture and social responsibility officer of Old National Bank, Evansville, has been honored with the Woman of the Year award, sponsored by Krieg DeVault LLP, Indianapolis. She was presented with the inaugural award on Nov. 21 in Indianapolis at the Banking on Women Conference of the Indiana Bankers Association. This annual award recognizes a woman in banking who is community-active, achievement-oriented, and who contributes to team success.
Evelyn Rivas, executive assistant at German American Bank, Jasper, has been honored with the Woman on the Rise award, sponsored by SmithAmundsen LLC, Indianapolis. She was presented with the inaugural award on Nov. 21 in Indianapolis at the Banking on Women Conference of the Indiana Bankers Association. This honor recognizes a woman in emerging bank leadership who is community-active, achievement-oriented, and who contributes to team success.
Andrew J. Briggs, 2019 chairman of the Indiana Bankers Association, was honored as a Sagamore of the Wabash by Gov. Eric J. Holcomb on Sept. 15. The award was presented by Thomas C. Fite, director of the Indiana Department of Financial Institutions, at the IBA Annual Convention in French Lick. The Sagamore of the Wabash award is given to exemplary Hoosiers in recognition of distinguished statewide service.
Lucas White, president of The Fountain Trust Company, Covington, has been elected 2020 chairman of the board of directors of the Indiana Bankers Association. The election took place on Sept. 16 at the IBA Annual Convention in French Lick. White currently serves the IBA as first vice chairman and will become chairman effective Jan. 1, 2020.
State Rep. Jeff Ellington, R- Bloomington, has been named 2019 Legislator of the Year by the Indiana Bankers Association. He was presented with the award on Sept. 16 at the IBA’s annual convention in French Lick. Since taking office in 2015, Rep. Ellington has proven to be an effective legislator who understands how to build consensus and fix problems facing the state and his constituents.
The Indiana Bankers Association has recognized six members of the Indiana banking community with Leaders in Banking Excellence awards, the Association’s highest honor. The awards were initiated in 2018 to celebrate exceptional leaders who have positively impacted Indiana banks and the communities they serve.
Members of the Indiana banking community presented a donation of $135,000 to Purdue University Northwest at a PNW Banking Program Summit held in Hammond on May 24. The donation supports a newly created banking concentration to be offered within the finance major of the College of Business. This university-level banking concentration is the first of its kind in Indiana.
The Farmers Bank, Frankfort, has been honored with the 2018 Commitment to Community Award by the Indiana Bankers Association (IBA). The inaugural “C2C” Award, showcasing exceptional community bank outreach during 2018, was presented on May 14 in downtown Indianapolis.
Indianapolis – The Indiana Bankers Association (IBA) is pleased to announce a new subsidiary, IBA Insurance Solutions. IBA Insurance Solutions is a full-service, independent insurance agency created to serve the needs of Indiana banks by providing industry-specific expertise. Areas of expertise include: collateral protection, property/casualty, bond/D&O, cyber/breach response, BOLI, and various fee income products and strategies.