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 its subsidiary, STAR Financial Bank (“the bank”). STAR is a privately owned institution, with two families representing 70% ownership interests. The company operates a 37-branch footprint, with most locations along route I-69 from Fort Wayne to Indianapolis.
- With a history dating back over 75 years, growth for STAR has come primarily through organic means, with the company’s strong local experience and relationship-based banking model contributing to solid deposit market share in its key operating markets.
- The loan portfolio is primarily commercially oriented, with C&I and owner occupied CRE representing 28% and 15% of the total portfolio, respectively. The company’s investor CRE concentration (26% of total loans) is comparatively modest relative to peers. Residential mortgage comprises the…