An Indiana thrift company is trying to send a not-so-subtle message that out-of-towners aren't welcome on its board of directors.

Home Bancorp, a $335 million-asset company in Fort Wayne, recently added a two-sentence provision to its bylaws that requires its directors to "have an intimate knowledge of our market area in order to serve the needs of our community."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.