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1943 (Upland, Indiana) – Fort Wayne headquarters from 2000
Founded: In 1943 Selah G. Wright, Thomas Marcuccilli, Arthur Hodson and Ralph Marcuccilli, with other local businessmen, bought the Upland Branch of the Citizens State Bank of Fairmount for $28,000 — the seed of the bank. In 1966 the owners formed a holding company, NIFSCO.
The STAR name: Indiana's Banking Structure Reform Act of April 1985 first allowed banks to branch across county lines. On 30 October 1985 the combined bank was announced under a new name chosen from more than three hundred employee submissions: STAR, from the first names of the four founders — Selah, Thomas, Arthur, Ralph.
Course: The bank grew across east-central Indiana under the STAR name. In 2000 the headquarters moved to Fort Wayne. In 2024 STAR opened its new $45 million downtown Fort Wayne headquarters.
Sources:
- STAR Financial Bank, "The STAR Story" (starfinancial.com) — the 1943 purchase, NIFSCO, the 1985 naming, the 2000 headquarters move and the 2024 building.
- Crunchbase company history profile of STAR Financial — the founders and the 1985 reform-act context.