German American Bancorp in Jasper, Ind., promoted chief operating officer Mark A. Schroeder to chief executive officer, succeeding George W. Astrike.

Mr. Astrike, 63, will retire from his daily responsibilities after German American's annual meeting in April. He will remain chairman of the $900 million-asset company and its German American Bank and affiliate banks. He has been CEO of the company since 1983.

Mr. Schroeder, 45, has been with German American Bank for 25 years. He headed its lending operations before being promoted in 1987 to chief financial officer. He added the title of president in 1991 and of chief operating officer in 1995. Richard E. Trent succeeded him as CFO in January of last year.

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