Indiana

INDIANAPOLIS — Harvester Financial CU Monday announced it has successfully completed converting its core system to Sharetec.

Old National Bancorp (ONB) in Evansville, Ind., has agreed to buy LSB Financial (LSBI) in Lafayette, Ind. The $9.6 billion-asset Old National will pay about $67 million, or $41.67 a share, in cash and stock for the $366 million-asset LSB.

First Savings Bank (FSFG) in Clarksville, Ind., is switching charters as part of a broader plan to expand its commercial banking business.

First Farmers Financial (FFMR) in Converse, Ind., has agreed to buy seven branches in Indiana from Bank of Montreal's BMO Harris Bank.

INDIANAPOLIS — Eli Lilly FCU will take a $26 million loss on default-prone loans to students enrolled at ITT Technical Institute, owned by ITT Educational Services, a for-profit college chain sued in February by the Consumer Financial Protection Bureau for alleged predatory lending practices.

United Community Bancorp (UCBA) in Lawrenceburg, Ind., has appointed Elmer McLaughlin as its new chief executive and president.

First Merchants Corp.(FRME) in Muncie, Ind., is benefiting from loan growth after a recent acquisition.

The company, which was an active acquirer before the financial crisis, has returned to its roots after a long hiatus brought on by the downturn and integration problems. Archie Brown, who became CEO in 2008, says the company is taking a more disciplined approach this time.

Lakeland Financial (LKFN) in Indiana has a new chief executive.

MainSource Financial (MSFG) in Greensburg, Ind., has agreed to buy MBT Bancorp in West Harrison, Ind.

Fifth Third Bancorp (FITB) has consolidated its Indiana operations after two division chiefs in the state announced their retirements.

Lakeland Financial in Warsaw, Ind., has appointed Lisa O'Neill as its new chief financial officer. She joins the $3.2 billion-asset company from First Manitowoc Bancorp in Manitowoc, Wis., where she has served as CFO since 2007.

FFW Corp. in Wabash, Ind., has a $2.6 million loan chargeoff recovery.

The home, the road and credit card rewards are some key areas CUs are zeroing in on as spring approaches.

CITBA Financial (CBAF) in Mooresville, Ind., has terminated its proposed merger with Merchants Bancorp in Carmel. CITBA said Wednesday that it decided to terminate the deal because of delays obtaining regulatory approval.

FORT WAYNE, Ind. — Fort Financial CU and ITT Employees' FCU here have announced plans to merge.

HUNTINGTON, Ind. — Huntington Schools CU is now Partners 1st FCU after the two shops finalized a merger this week.

Horizon Bancorp (HBNC) in Michigan City, Ind., has agreed to buy the assets of 1st Mortgage of Indiana in Indianapolis.

Old National Bancorp (ONB) in Evansville, Ind., benefited from lower expenses in the fourth quarter.

Ameriana Bancorp (ASBI) in New Castle, Ind., has announced several executive changes prompted by the pending retirement of Chief Risk Officer Timothy Clark.