Indiana bank opens new branch, tweaks name

Andy Pinegar

State Bank, Brownsburg, Ind., is opening a new office in Carmel, Ind., and adjusting its name to reflect its current footprint.

Formerly State Bank of Lizton, Ind., the institution’s new moniker “allows flexibility to grow and nurture new opportunities,” it said.

The Carmel branch will be State Bank’s 10th total and first in Hamilton County. Opening in the spring, It will be led by Andy Pinegar, a senior commercial lender and new market president.

“We are very proud of our history as a quality community bank and that is reinforced by more customers throughout central Indiana who are recognizing the benefits of working with our locally owned Indiana bank,” said Mike Baker, CEO of Brownsburg-based State Bank. “As we began seeing more of our customers from Hamilton County come to our bank, it was natural to expand our services to customers outside of Boone and Hendricks counties.”

The $598 million State Bank also has branches in Avon, Brownsburg, Plainfield, Lizton and Pittsboro in Hendricks County and in Lebanon and Zionsville in Boone County.