Centier bank
Centier Bank is Indiana's largest privately held, family-owned community bank, founded in 1895 and now in its fifth generation of Schrage family ownership. Operating 59+ branches across Indiana with over $9 billion in assets, it provides personal, business, commercial, and wealth management banking services.
- Company typePrivate
- Founded1895
- HeadquartersMerrillville, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Centier bank does
Centier Bank is a privately held, FDIC-insured community bank headquartered in Merrillville, Indiana, and Indiana's largest private family-owned bank. Founded in 1895 by Henry Schrage, Sr. as the Bank of Whiting, the institution has operated continuously under five generations of Schrage family ownership and operates 59+ branch locations across Indiana supported by 55,000+ partner ATMs nationwide.
The bank operates on a standard commercial banking technology stack — comprising online and mobile banking platforms, a mortgage origination system, treasury management infrastructure, and digital banking applications delivered through third-party platforms — rather than proprietary technology. Its product portfolio spans personal banking (checking, savings, CDs, IRAs, credit cards, mortgages, consumer loans), business banking (business checking, SBA loans, merchant services), commercial banking (commercial lending, commercial real estate, treasury management, warehouse lending), and wealth management through Centier Financial Partners. Customer-facing differentiators include the Round Up Savings debit-round-up feature, an Overdraft Advantage program with up to $35 fees and a $175 daily cap, an Invite-A-Friend referral program paying $50 per referral, and a Homeowners Assistance Program in partnership with SpringFour.
Centier generates revenue primarily through net interest income on loans and deposits, supplemented by fee income from overdraft and NSF charges, monthly account service fees, commercial treasury management, wealth management fees, and merchant services. Distribution is delivered through a branch-centered, relationship-led sales model supported by 25+ mortgage loan officers licensed across Indiana, Illinois, Michigan, Ohio, and Florida, plus dedicated fiduciary advisors under Centier Financial Partners. Its "Not For Sale" commitment to remain privately family-owned is a central brand pillar, paired with deep community engagement through the CentierGives program (3,000+ supported organizations, $18M+ community impact, 162,000+ volunteer hours). The bank employs 1,001-5,000 people and holds an Egan-Jones A rating.
Centier bank firmographics
Firmographics- Name
- Centier bank
- Legal name
- Centier Bank
- Website
- https://centier.com
- Company type
- Private
- Founded year
- 1895
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Centier Bank is Indiana's largest privately held, family-owned community bank, founded in 1895 and now in its fifth generation of Schrage family ownership. Operating 59+ branches across Indiana with over $9 billion in assets, it provides personal, business, commercial, and wealth management banking services.
- Ownership category
- akta.pro rank
Centier bank industry classification
Industry- Product category
- Retail Banking
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), High-Net-Worth & Private Wealth Digital Platforms (Digital Private Banking) (FSAGAEAI), Treasury, Cash Management & Liquidity (SME) (FSAGAJAG), Credit Cards & Revolving Credit (FSABAAAC)
Keywords
Where Centier bank is headquartered
LocationHeadquarters
- HQ city
- Merrillville
- HQ country
- United States
- HQ region
- North America
Offices33 records
Markets served
Centier bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Net Interest Income: Traditional banking revenue from interest rate spreads on loans (mortgages, consumer loans, commercial lending) and deposits (checking, savings, CDs, IRAs). Core revenue driver for the bank.
- Overdraft and NSF Fees: Fee income from overdraft coverage services. Standard overdraft fee up to $35 per occurrence, extended overdraft recurring fee of $35 charged each 5th business day account remains overdrawn, with $175 daily cap on Overdraft Advantage fees.
- Service Charges and Account Fees: Monthly maintenance fees on certain checking accounts (e.g., $2/month for basic checking without direct deposit/e-Statements, $4/month for Interest Checking and Smart Choice Checking). Wire transfer fees and other account service charges.
- Wealth Management and Brokerage Services: Fiduciary investment and wealth management services through Centier Financial Partners, including retirement accounts, trusts, tax services, and investment management.
- Commercial Banking Services: Treasury management, merchant services, commercial lending, commercial real estate financing, warehouse lending, and employee retirement services for business customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Free Checking - No-cost personal checking account |
| Subscription | Monthly | Interest Checking - Interest-bearing personal checking |
| Subscription | Monthly | Smart Choice Checking - Entry-level checking |
| Transaction based/ take rate | Pay-as-you-go | Overdraft Advantage Program - Overdraft coverage service |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
Centier bank product offering
Product offeringCore offering
Centier Bank is a privately held, family-owned community bank offering personal banking (checking, savings, CDs, IRAs, credit cards), business banking (merchant services, SBA loans, treasury management), commercial lending (commercial real estate, warehouse lending), residential mortgages, and wealth management services through 59+ Indiana branches and digital channels. The bank generates revenue primarily through net interest income on loans and deposits, with additional fee-based income from account services, overdraft protection, and fiduciary wealth management.
Product overview
Centier Bank offers a comprehensive suite of banking products and services through a unified platform architecture. The core offerings include personal banking (checking, savings, CDs, IRAs, credit cards), business banking (business checking, merchant services, SBA loans), commercial banking (commercial lending, treasury management, commercial real estate), and wealth management services. Key digital banking capabilities include online and mobile banking platforms with mobile payments and money management tools. The bank also provides specialized programs like Round Up Savings (automated savings), Overdraft Advantage protection, and an Invite A Friend referral program. Additional services include mortgage lending through a network of loan officers, home equity loans, auto loans, HSA administration, and correspondent banking services. The company positions itself as Indiana's largest private family-owned bank, emphasizing its 'Servant Heart Culture' and community focus.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Personal checking accounts including Free Checking (zero monthly fees, zero minimum balance, zero overdraft fees), Interest Checking, and Smart Choice Checking variants for individual consumers.
- Business Banking Comprehensive business banking services including checking, savings, credit cards, merchant services, and online/mobile banking for small businesses.
- Mortgages Residential mortgage lending products including first-time homebuyer programs, refinances, and construction loans, ranging from conventional to FHA and VA loans, served by a network of 200+ registered mortgage originators.
- Certificates of Deposit (CDs) CD products including Regular CD, Climbing Rate CD, 5 Year Guaranteed Growth CD, and Jumbo Rate CD with various term options and interest rates.
- Personal Savings Savings accounts including personal savings, money market accounts, and Health Savings Accounts (HSAs) with competitive interest rates.
- Credit Cards Credit card products for both personal and business customers, offering various rewards and benefits programs.
- Individual Retirement Accounts (IRAs) Retirement savings accounts including Traditional IRA, Roth IRA, and Safe Harbor IRA with various contribution limits and tax advantages.
- Consumer Loans Personal loan products including auto loans, home equity loans, and general consumer financing with competitive rates.
- Home Equity Loans Home equity financing options allowing homeowners to borrow against their home's equity for various purposes.
- Auto Loans Vehicle financing for new and used automobiles with competitive rates and flexible term options.
- Merchant Services Payment processing services for business and commercial customers including point-of-sale solutions, card processing, and payment gateway services.
- SBA Loans Small Business Administration loan programs providing government-backed financing for small business growth and expansion.
- Commercial Lending Comprehensive commercial lending services including commercial real estate loans, warehouse lending, commercial and industrial loans, and life insurance financing.
- Treasury Management Cash management and treasury services including online/mobile solutions, payables management, receivables management, funds management, and fraud prevention.
- Wealth Management Comprehensive wealth management services including retirement planning, fiduciary services, tax services, and investment management through Centier Financial Partners.
- Digital Banking (Online & Mobile) Comprehensive digital banking platform offering online banking, mobile banking app, mobile payments, and money management tools.
- Brokerage Services Investment and brokerage services offered through partnership for personal investing needs.
- Correspondent Banking Banking services for other financial institutions including loan servicing and correspondent banking relationships.
Quantifiable outcome
- Indiana's largest private family-owned bank with over $9 billion in assets
- +3 more outcomes
Companies that use Centier bank
Customer profileSegments5 records
Ideal customer profiles4 records
Centier bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Centier bank partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- Indianapolis ColtsminorCentier Bank launched the 'Golden Horseshoe Sweepstakes' in partnership with the Indianapolis Colts, offering fans a chance to win a gold-colored collectible made of 18k gold. The promotion celebrates Indianapolis Colts pride and Centier's Gold Standard in Hospitality. Activities include events at Lucas Oil Stadium and across Centier Bank branches.
- SpringFourcorePartnership with SpringFour to connect homeowners facing financial difficulties with trustworthy local help including assistance with rising expenses, unemployment, late loan payments, or debt. SpringFour researches and verifies non-profit and government organizations in customers' areas to help them become more financially stable.
- Nationwide Mortgage Licensing System and Registry (NMLS)coreCentier Bank participates in the federal SAFE Act requiring mortgage loan originators to register with the Nationwide Mortgage Licensing System and Registry. Bank NMLS# 408076 with over 200 registered mortgage originators.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Centier bank competitors and assessment
Company assessmentDirect peers
- Old National Bank: Indiana-headquartered regional bank with significant Indiana branch presence offering consumer, commercial, and wealth management services. Brian O'Meara, Centier's CAO, previously held senior roles at Old National, reinforcing the operational and competitive overlap.
- Horizon Bank: Indiana-based community bank (Horizon Bancorp) operating across northern Indiana with consumer, commercial, and mortgage lending. Directly comparable community banking franchise competing for similar Indiana deposit and lending customers.
- 1st Source Bank: Indiana-based privately held community bank focused on commercial, consumer, and wealth management banking. Closely comparable to Centier in size, product mix, and Indiana-centric footprint, and competes directly for Indiana small business and consumer deposits.
- First Merchants Bank: Indiana-headquartered publicly traded community bank with a comparable mid-sized regional footprint across Indiana, Ohio, Michigan, and Illinois. Directly comparable in commercial lending, mortgage origination, and wealth management offerings, and competes head-to-head for Indiana SMB and consumer relationships.
- Lake City Bank: Indiana-based community bank (subsidiary of Lakeland Financial Corporation) serving consumers and businesses across northern and central Indiana. Highly comparable in branch-led community banking model, consumer lending, and commercial banking focus.
- First Financial Bank: Indiana-headquartered community bank (First Financial Corp.) serving consumers and businesses across Indiana, Ohio, Kentucky, and Illinois. Comparable in size, Indiana-centric community banking model, and product breadth across consumer and commercial segments.
Broad incumbents
- KeyBank: Large regional bank with Indiana commercial and consumer banking presence. Competes with Centier in commercial lending, treasury management, and consumer banking across overlapping Midwest markets, but operates a much broader multi-state portfolio.
- Regions Bank: Large regional bank with Indiana branch presence offering consumer, commercial, and wealth services. Centier's Chief Banking Officer Joe DiNicolantonio previously held senior roles at Regions, and Regions serves as a broad incumbent competing for the same Indiana SMB and consumer segments as part of a wider Southeast/Midwest footprint.
- Fifth Third Bank: Large regional bank with substantial Indiana presence offering consumer, commercial, wealth, and mortgage banking. Centier's CFO Scott May previously served as SVP/Affiliate CFO at Fifth Third, and it represents a broad incumbent competing for similar Indiana deposit, lending, and wealth customers as part of a much larger multi-state portfolio.
- JPMorgan Chase: National banking incumbent with material Indiana retail, mortgage, and commercial presence. While much broader and serving very different segments at scale, Chase is a key competitor for Indiana deposit, mortgage, and small business relationships.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Centier bank social profiles
Digital presenceCentier bank compliance and trust
Trust signalCompliance4 records
Centier bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Centier bank leadership team
Management profileNumber of profiles
Profiles9 records
Centier bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Centier bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Centier bank
What does Centier bank do?
Centier Bank is a privately held, family-owned community bank offering personal banking (checking, savings, CDs, IRAs, credit cards), business banking (merchant services, SBA loans, treasury management), commercial lending (commercial real estate, warehouse lending), residential mortgages, and wealth management services through 59+ Indiana branches and digital channels. The bank generates revenue primarily through net interest income on loans and deposits, with additional fee-based income from account services, overdraft protection, and fiduciary wealth management.
Is Centier bank a public or private company?
Centier bank is a private company. It is classified as family owned and is currently operating.
When was Centier bank founded?
Centier bank was founded in 1895. It employs 1,001 to 5,000 people.
Where is Centier bank based?
Centier bank is headquartered in Merrillville, United States, in the North America region.
How does Centier bank make money?
Five revenue lines are on record. Net Interest Income is the primary driver. The others are overdraft and NSF Fees, service Charges and Account Fees, wealth Management and Brokerage Services and commercial Banking Services.
Who are Centier bank's main competitors?
Direct peers on record are Old National Bank, Horizon Bank, 1st Source Bank, First Merchants Bank, Lake City Bank and First Financial Bank. Broad incumbents are KeyBank, Regions Bank, Fifth Third Bank and JPMorgan Chase.
Does Centier bank have an API?
No public API is recorded for Centier bank.
What industry is Centier bank in?
Centier bank's product category is Retail Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor). Its NAICS code is 5221 and its SIC code is 6022.