Business Services Industry
Regulators Approve Standard Federal Bank's Sales of 13 Indiana Banking Centers.
Knight Ridder/Tribune Business News, October, 2001
The News-Sentinel, Fort Wayne, Ind. Knight Ridder/Tribune Business News
Oct. 15--FORT WAYNE, Ind.--Regulatory approval has come through for Standard Federal Bank's sale of 13 area banking center offices to South Bend-based 1st Source Corp.
Approval for the sale was required from the Federal Reserve Bank of Chicago and Indiana Department of Financial Institutions.
The sale included $214 million in deposits and branch facilities in Fort Wayne, New Haven, Bluffton, Auburn, Columbia City and Huntington. The bank holding companies would not disclose the purchase price.
The companies plan to close the sale sometime next month, and change signs at the branches soon after the transaction is completed, said Larry Lentych, chief financial...
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