SOURCE: 1st Independence Financial Group, Inc.

June 06, 2007 13:10 ET

1st Independence Hires Team of Experienced Bankers

LOUISVILLE, KY--(Marketwire - June 6, 2007) - 1st Independence Financial Group, Inc. (NASDAQ: FIFG), the holding company of 1st Independence Bank, announced today the hiring of a team of experienced bankers to help drive expansion in the greater Louisville and southern Indiana markets.

The team of bankers is led by James P. Wheatley who will be Senior Vice President and Senior Lender for 1st Independence Bank. Prior to joining 1st Independence, Jim spent twenty-three years with Regions bank and its predecessors in southern Indiana. He was most recently Community President and Commercial Sales Manager of their southern Indiana market that included Floyd, Clark, Harrison, Washington, Lawrence, and Monroe counties.

In addition to Wheatley, the bank also hired a group of five other bankers who have worked together as a group for many years.

"We have been interested in adding talented lenders and support personnel to our team for some time," said Bill White, President and CEO of 1st Independence. "We capitalized quickly on this opportunity to invest in a team of seasoned professionals who are well known in our market and have the potential to help us continue growing our organization."

"This is an extraordinary opportunity to make a difference in a growing organization and to enhance economic development in all of the communities we serve," said Wheatley.

"In this environment of shrinking talent pools, we were excited by the opportunity to hire so many seasoned bankers at one time," said White. "It can be difficult to recruit and hire even one experienced banker. The fact that we hired six is a real compliment to our organization and the culture we've created over the years," said White.

"The commitment and values demonstrated by 1st Independence Bank in the marketplace mirror my own and that of my team. This is a time of extraordinary opportunity," said Wheatley.

1st Independence Financial Group is headquartered in Louisville, Kentucky and includes 1st Independence Bank and 1st Independence Mortgage Group, a division of the Bank.

1st Independence Bank had total assets of $337.9 million as of March 31, 2007. The Bank has eight full service banking offices located in Kentucky and southern Indiana.

The banking offices are located in Harrodsburg, Lawrenceburg and Louisville, Kentucky, and New Albany, Jeffersonville, Marengo and Clarksville, Indiana. 1st Independence Mortgage Group operates in Louisville, Kentucky and southern Indiana.

Contact Information

  • For further information contact:
    N. William "Bill" White
    (502)-753-2265