Southern Indiana Business Report
JASPER – German American Bancorp, Inc. (Nasdaq: GABC) has earned the No. 27 spot out of 200 U.S. community banks assessed by S&P Global Market Intelligence with assets between $3 billion and $10 billion. The ranking is based on 2023 performance in which German American Bank ranks the highest of banks serving southern Indiana and the Commonwealth of Kentucky.
German American is based in Jasper and operates 75 banking offices in 20 southern Indiana counties and 14 counties in Kentucky.
“We are honored to once again be recognized by S&P Global Market Intelligence as one of the top performing community banks in the nation. 2023 was a volatile year for the banking industry marked by many challenges. Our organization’s ability to perform at such a high level in such difficult times is a testament to the dedicated efforts of our relationship-focused team of professionals,” said Neil Dauby, chairman and CEO, in a press release. “Our company remained steadfast in its commitment to its employees, customers, communities and shareholders throughout the entire year and will continue to serve all of our stakeholders with strength and resilience for years to come.”
GAB hires new risk officer
In other news, German American named its new chief risk officer.
Mary Moorhouse is GAB’s new senior vice president, chief risk officer, effective April 1. She will be responsible for overseeing German American’s enterprise-wide risk management program, focusing on recognizing, assessing and managing all risks. Moorhouse succeeds current SVP Jeff Cash, who is retiring.
Moorhouse is a graduate of Indiana University and the Valparaiso University School of Law. She holds a Certified Enterprise Risk Professional certification from the American Bankers Association.
“Mary is a proven leader at German American and we feel fortunate to be able to promote from within for such a critical role,” said Dauby in a press release. “Comprehensive risk management is a foundational element of our core business at German American. There is no doubt Mary will ensure that the bank’s strong risk and compliance culture will continue to advance as we face the challenges of an ever-changing banking industry.”