Hotel Groundbreaking Unites Northeast Indiana Lenders

Participating Northeast Indiana Lenders and Fort Wayne Mayor Tom Henry Are Pictured Above at the Courtyard by Marriott Groundbreaking Ceremony

Northeast Indiana has a reputation for coming together for the betterment of our communities. This habit of ours reaches deep into the fiber of the region's fabric, with no industry lacking in community consciousness.

Following this tradition of collaboration, but yet in an uncommon turn of events, 7 northeast Indiana banks teamed together to finance a project traditionally funded by a single lender. First Federal Bank, Grabill Bank, Lake City Bank, Chase, Star Financial Bank, Tower Bank and Salin Bank contributed to the financing and support which was vital to construction of Fort Wayne's new Courtyard by Marriott hotel and the continuation of the Harrison Square project. Lack of financing briefly stalled the Marriott construction; however, after Centier Bank of Merriville stepped in, the 7 northeast Indiana banks followed.

Because of this collaboration, the Courtyard by Marriott construction was ceremoniously launched on Monday during a groundbreaking ceremony next to Parkview Field. Construction will now continue with local firms acquiring over half the contracts necessary for the project.

Even in an economic time in which lenders across the country are tight and dollar-conscious, teamwork still remains to be the reliable answer for success. Northeast Indiana lenders know what is best for the region and thus created an avenue which further development and investment in northeast Indiana could proceed. If it can be done, northeast Indiana understands how to make it happen.