A longtime executive at Home Bancorp in Fort Wayne, Ind., is stepping down to take the top job at River Valley Bancorp in Madison, Ind.
Matthew P. Forrester, senior vice president at $392 million-asset Home Bancorp and chief financial officer of its subsidiary, Home Loan Bank, is to succeed James E. Fritz, who resigned last month for personal reasons.
Mr. Forrester, 42, joined Home Bancorp in 1984. In announcing his resignation last week, Mr. Forrester also said he is leaving because of "philosophical differences" with the company's board of directors.
Neither Mr. Forrester nor Home's chief executive officer, W. Paul Wolf, would elaborate.
River Valley operates five offices in Madison, a tourist town on the Ohio River in southeastern Indiana. Mr. Forrester is to take over as president and chief executive officer of the $140 million-asset company in October.