Indiana

The $18.6 billion-asset Muncie, Indiana-based company agreed to pay $241 million in stock to acquire First Savings Financial Group and expand into the Southern end of the Hoosier state.

Centra Credit Union in Columbus, Indiana — which completed a merger with NorthPark Community Credit Union this month — has agreed to absorb Hoosier Hills Credit Union. The latest deal would create a $3 billion-asset institution.

The appointment of Mung Chiang should lead to more robust oversight, sharper questions and overall stronger corporate governance, First Merchants CEO Mark Hardwick said.

The $6.4 million-asset institution was placed in conservatorship in January and is the first credit union to be liquidated this year.

Paul Marsh resigned as president and CEO of the South Bend, Ind., credit union on Tuesday after 30 years there. An interim chief has been named and the board is searching for a permanent successor.

Indiana Members CU will expand its reach later this year following completion of a proposed combination with Members Choice FCU.

Konstantina Baker has been appointed to lead the Fort Wayne, Ind.-based institution following the retirement of longtime CEO Gregory Troutner.

Randy Glassburn spent 33 years in the industry and recently led his credit union through a merger into Financial Center First Credit Union.

The Indiana-based credit union increased its starting pay for the second time in two years as part of a push to boost compensation that began in 2017.

The combined institution will hold roughly $30 million in assets and serve about 4,000 members.

Cameron Minges will become president of the Indianapolis-based credit union effective Jan. 1.

With coronavirus cases on the rise, Hoosier Hills CU in Bedford, Ind., has chosen to temporarily restrict access to its facilities. Observers say other institutions are likely to follow suit eventually, whether they want to or not.

Michael Rechin will step down at the end of this year. The Indiana company tapped CFO Mark Hardwick as its next CEO, while Michael Stewart, its chief banking officer, will become president.

The deal for Our Community Bank comes two months after Crane agreed to acquire Community State Bank of Southwestern Indiana.

Crane Credit Union's deal for Our Community Bank comes two months after it agreed to acquire Community State Bank of Southwestern Indiana.

Heritage Trust Federal Credit Union will buy the bank's deposits and assume its liabilities.

The credit union has agreed to buy Elberfeld State Bank, broadening its reach in the Evansville, Ind., market.

Neil Dauby, the Indiana company's chief commercial banking officer, will have oversight of all operations, reporting directly to Chairman and CEO Mark Schroeder.

The credit union will pay an undisclosed amount for Community State Bank of Southwestern Indiana.

The Odon, Ind.-based credit union would gain six branches by acquiring Community State Bank of Southwestern Indiana.