Company Profile
- STAR Financial Group, Inc. (“STAR” or “the company”) is a ~$3.0 billion bank holding company, operating primarily in central and northeast Indiana through principal subsidiary, STAR Financial Bank. STAR is a privately-owned institution, with 70% ownership held by two families. The company reflects a 37-branch footprint, with most locations along route I-69 from Fort Wayne to Indianapolis.
- With an operating history that spans over 80 years, STAR’s growth has come primarily through organic means, with the company’s strong local experience and relationship-based banking model contributing to a solid deposit market share in its key operating markets.
- The loan portfolio is largely commercially oriented, with C&I representing 46% of the total portfolio, while the company’s investor CRE concentration (23%) is comparatively modest relative to peers. Residential mortgage comprises the majority of the remainder of the portfolio (24%), in addition to…