SOURCE: Salin Bank & Trust Company

Salin Bank & Trust Company

May 25, 2016 11:39 ET

Salin Bank and Trust Company Continues Strong Focus on Ag Lending

Ag Team Sees Increased Need for Smart Agri-Business Lending

INDIANAPOLIS, IN--(Marketwired - May 25, 2016) - An Indiana bank supporting Indiana farmers, Salin Bank has reorganized and expanded its Agricultural Lending Department to better serve this important market. "Agriculture is the backbone of Indiana's past, as well as its future," James P. Alender, President and CEO for Salin Bank states. "We take great pride in supporting local farmers, getting to know them on a first-name basis and understanding their ambitions."

The specialized Ag Lending team includes the following Salin Bank experts:

Jon Marley, Community President for Kokomo, will continue to support farmers and their lending needs. Marley has served for nearly two years as community president for Salin Bank. A graduate of Purdue University with a Bachelor of Science in Agricultural Economics, Marley has extensive experience in the agricultural field. Prior to joining Salin Bank, he spent three years at another Indiana bank where he specialized in agricultural lending. Before that, Marley accumulated 25 years of experience in production agriculture, researching and evaluating innovative production techniques; 15 years as a sales representative for Pioneer products; and has experience in the field of federal crop insurance.

Matt Wright, Vice President and Agricultural Lender, returns to Salin Bank after a year as Store manager at Rodkey New Holland. Wright is a graduate of Distinction from Purdue University with a Bachelor of Science degree in Agricultural Systems Management and a minor in Food and Agribusiness Management.

"Having started working on my family farm in New Castle, Indiana when I was eight years old -- and continuing to do so today," Wright says, "agriculture is in my blood. This hands-on experience is the cornerstone of Salin Bank's strong personal relationships with our agricultural clients."

Prior to rejoining Salin Bank, Wright served in several positions at Smith Implements, Greenfield, Indiana. Among his roles was AMS Sales Consultant, responsible for the sales and marketing efforts of John Deere Ag Management Solutions products. He was also a Financial Services Officer for 7 yrs with Farm Credit Mid America. Wright is active in Ducks Unlimited as a District Coordinator, the world's leader in wetlands and waterfowl conservation. He is also with Tippecanoe 4-H as the Sport Fishing Club Leader.

Migual Patterson, Vice President and Agricultural Lender, is new to the Salin agricultural team.

"So many farmers have been taken advantage of by other banks," Migual Patterson says. "I take great pride in supporting local farmers with a variety of agricultural lending programs and services that are designed to meet every stage of a farming operation's lifecycle."

With a Bachelor of Science degree in Management and Finance from Purdue University and an MBA in Finance from Purdue, Patterson has served as Vice President of Commercial Banking, Consumer and Agribusiness Group, at BMO Harris

Bank. Before that, he worked as Relationship Manager for First Merchants Bank in Anderson, Indiana. Among his duties, Patterson was responsible for generating agricultural loans of $500,000 or more. He started his agriculture career with Teays River Investments, an Indiana-based agriculture private equity firm.

Mary Ann Waterman has joined the team as Commercial Agricultural Underwriter. Farming is second nature to Waterman. As a child, she grew up on a grain/cattle farm in rural Anderson, Indiana, and participated in 4-H for 10 years. Today, she continues the tradition of farming in her personal life. She and her husband reside in the rural community of Anderson on a small farm on which they raise cattle.

Waterman's Ag credit and underwriting experience includes three years as a loan processor for a mortgage broker: eight years in Mortgage Loan Processing and Underwriting with various lenders; and two years with National City in Portfolio Management, followed by six years in Agricultural Underwriting at PNC Bank.

A graduate of Ball State University with a Bachelor of Science degree in Business -- Office Systems Administration, Waterman received her MBA from Western Governor's University in 2015 in Strategy and Management.

About Salin Bank and Trust Company

Salin Bank & Trust Company is a family-owned Indiana community bank with assets of more than $780 million. Salin Bank operates 20 banking locations in 10 Indiana counties serving Columbus, Delphi, Edinburgh, Fishers, Flora, Fort Wayne, Galveston, Gas City, Indianapolis, Kokomo, Lafayette, Logansport, Marion and West Lafayette.

Image Available: http://www.marketwire.com/library/MwGo/2016/5/25/11G099998/Images/Salin_Bank_s_New_Ag_Team-d43b12a236b9b16186689b1e08d3a08d.jpg

Contact Information

  • Contact:
    Jim Badger
    SVP, Director of Marketing
    800-320-7536, Ext 8108