Centier plans to add more Lafayette area branches

2013-09-27T14:00:00Z 2013-09-27T17:30:14Z Centier plans to add more Lafayette area branchesJoseph S. Pete joseph.pete@nwi.com, (219) 933-3316 nwitimes.com
September 27, 2013 2:00 pm  • 

Centier plans to open two more bank branches in the Lafayette area.

The Merrillville-based bank announced plans to build a second bank in Lafayette and open its first in West Lafayette. Centier first entered the Tippacanoe County market seven years ago.

Centier – which is the largest privately owned community bank in the state – plans to build a new full-service banking center near the intersection of County Road 350 South and Regal Valley Drive in Lafayette. The privately owned bank, which was founded as the Bank of Whiting in 1895, has hired KJG Architecture to design the 2,500-square-foot building.

Plans call for a four-person teller line, a four-lane drive through and a 24-hour ATM. The branch will offer mortgage, commercial and personal banking services.

"We entered the market in 2007 with a commercial loan office on Main Street," said Patrick Morrissey, community bank president. "We patiently waited for the right time to expand our retail services in 2010, and now there is a need for us to services our growing personal and business client base."

Centier already has a downtown Lafayette branch, which opened in 2010.

Next year, the fourth-generation family-run bank also plans to open a banking center in West Lafayette. The 2,000-square-foot retail branch will be located in an existing building on Sagamore Parkway West, where a Lafayette Savings Bank branch used to be.

The new branch will feature safety deposit boxes, two drive-through lanes and a drive-through ATM.

Centier, which has been run by the Schrage family for 118 years, currently has $2.2 billion in assets. The bank has 46 branches throughout Northern Indiana, and also a presence in the affluent Carmel suburb in Central Indiana.

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