Indianapolis, IN
Merrillville-based Centier Bank expanding in Indianapolis market – Indianapolis Business Journal
Merrillville-based Centier Bank is in the middle of a growth spurt in the Indianapolis market, with two new standalone branches opened locally in recent months and four additional projects planned within the next year.
Centier hosted a grand opening Wednesday for its newest branch, a 3,800-square-foot office at the intersection of Allisonville Road and 62nd St., at 6210 Allisonville Road.
Another Indianapolis branch is set to open in late spring in a 3,500-square-foot space at the corner of 86th Street and Ditch Road, 1313 W. 86th St.
And a 6,000-square-foot Brownsburg branch, at 1000 E. Main St., is set to open in the fourth quarter.
All three of the branches are in existing buildings that previously served as J.P. Morgan Chase & Co. locations.
Centier entered the Indianapolis market in 2011 when it opened a loan production office in Carmel—a typical first step for a bank testing the waters in a new market. The bank currently has seven branch locations in the market: two in Indianapolis and one each in Carmel, Westfield, Zionsville, Whitestown and Fishers.
Centier CEO Mike Schrage said the pace of expansion is more aggressive than usual right now because the bank put its growth plans on pause during the pandemic.
But the bank has identified Indianapolis as among its target markets for growth, and it expects to continue adding two or three branches a year in the market over the next three to five years.
“It’s just going to be a methodical expansion,” Schrage said.
Centier’s local growth spurt began late last year. In late November, its Whitestown branch, which had previously operated inside a Meijer store, moved to a standalone location at 6378 Crane Dr., near the intersection of Whitestown Parkway and Interstate 65.
Schrage said Centier’s local plans over the next few years include establishing a branch presence on the south side. Centier’s only current south-side presence is a mortgage lending office in Greenwood.
Centier also has a couple of relocations in the works.
In June, the bank will move its Carmel branch from 568 E. Carmel Dr., selling that building and moving into leased space in an office tower at 650 E. Carmel Drive. The bank has secured naming rights to the tower, Schrage said.
Then, early next year, the bank plans to relocate its existing Westfield branch.
Centier’s roots trace to 1895, when Henry Schrage Sr. founded a bank originally called Bank of Whiting. The bank is in its fifth generation of family ownership and has $8.7 billion in assets. Its operating footprint includes nearly 60 branch offices in northwestern and northern Indiana as well as the Indianapolis, Lafayette/West Lafayette and Fort Wayne markets.
Even in the era of online banking, Schrage said Centier believes that it’s important for the bank to have physical locations.
“People still want to know that you have a presence,” he said.
ICYMI: Top 5 IndyStar business stories in May 2026
A busy month at the Indianapolis Motor Speedway reignited debates about hotels and the downtown heliport. Plus, Eli Lilly celebrated 150 years.
May came and went, and with it, we saw the closest Indianapolis 500 finish in history, the 150th anniversary of Eli Lilly and a contested primary election day.
There’s also been some movement in retail news ahead of the summer shopping season. On the north side, a new women’s clothing store opened while a piercing studio set up shop in Speedway. Meanwhile, an indoor children’s play place opened on the near north side.
Read on for four spots that recently opened and one in Broad Ripple that said farewell.
Openings
Monkee’s
8659 River Crossing Blvd., monkeesofindianapolis.com, opened in March
Monkee’s of Indianapolis, a high-end women’s clothing store, opened recently on the north side in the Shops at River Crossing near the Fashion Mall. The brand Monkee’s started in the South three decades ago and has since grown to nearly 70 locations. In Indianapolis, Missy Llewellyn and Whitney Schmitt started the franchise to bring the clothing brand to the Circle City.
The Nest Play Cafe
515 E 22nd St Suite 101, indynestplaycafe.com, opened early May
The Nest Play Cafe opened at the corner of Central Avenue and 22nd Street, offering an indoor space for parents and caregivers to bring their children to play. Caregivers can book 90-minute play sessions for $15 per child over the age of one. Tickets for additional siblings run $10. The cafe sells coffee and snacks, too.
Open Monday, Wednesday and Thursday 8 a.m. to 4:30 p.m.; Friday 8 a.m. to 6:30 p.m.; Saturday and Sunday 8 a.m. to noon. Closed Tuesdays.
Forget Me Not Piercing Studio
5324 W. 16th St., jessflowerspiercings.square.site, opened May 27
A new piercing studio opened in Speedway at the end of May just days after the Indianapolis 500. Forget Me Not Piercing offers traditional lobe, helix and conch piercings along with nostril and septum piercings. Artist Jess Flowers opened the one-woman shop on 16th Street.
Open Sunday and Thursday 1 p.m. to 5 p.m. and Wednesday, Friday and Saturday 1 p.m. to 7 p.m.
Black Orchid Barbers Fountain Square
1201 Prospect St. Suite 100, blackorchidbarbers.com, opened in May
Black Orchid, a local barbershop known for its sharp haircuts with a side of humor, opened its Fountain Square spot, marking the company’s seventh brick-and-mortar location. Walk-ins are welcome but Black Orchid recommends grabbing a time slot online for your preferred service.
Open Monday through Saturday 10 a.m. to 6 p.m.
Closures
Vitality IV Bar
6302 Guilford Ave., vitalityivbar.com
An IV-wellness spot in Broad Ripple shut its doors last month. Vitality IV Bar was located next to the Thieves cocktail lounge, formerly the Broad Ripple Starbucks location, before it went out of business.
Vitality IV still operates an Indianapolis-area location on Mass Ave downtown at 749 Massachusetts Ave where customers can book a variety of infusions with vitamins.
See a store opening or closing near you? Contact IndyStar reporter Alysa Guffey at alysa.guffey@indystar.com.
Forty-one names comprised the 11th layer of Springer’s “The Forgiving Sea VI,” an interactive painting that invites people to wr
Elizabeth Gabriel, Mirror Indy
(MIRROR INDY) — The Garfield Park Conservatory will host multiple family-friendly events throughout June. The events include plant shows, kid’s story time and Dollar Menu Night, which allows residents to harvest and eat veggies from a community garden.
Events at the Garfield Park Conservatory, 2505 Conservatory Drive, range in price and some require advance registration.
The Indianapolis Bonsai Club will have displays and answer questions about a variety of bonsai. Vendors will have items for purchase.
🗓️ 10 a.m. to 5 p.m. June 6, 1-5 p.m. June 7
🎟️ $7 per person, $15 per family (maximum of two adults per family)
Preschoolers ages 2-5 can participate in nature-themed storytime and crafts.
🗓️ 10-11 a.m. June 9
🎟️ $6 per child
Residents of all ages can harvest and eat veggies from Blakes’ Garden. Advance registration is preferred.
🗓️ 6-7 p.m. June 10
🎟️ $1 per person
Focused on ages 2-8, participants will listen to a nature-themed story and explore Blakes’ Garden. Attendees will relocate to a classroom if there’s inclement weather.
🗓️ 10 a.m. June 12
🎟️ Free
Up to 15 neighbors ages 10 and up will learn to ferment kimchi. Registration is required.
🗓️ 1-2 p.m. June 13
🎟️ $15 per person
Kids ages 2-5 can plant and harvest crops in the Children’s Garden. Registration is required.
🗓️ 11 a.m. to noon June 24
🎟️ $6 per child
The Indiana Insectivores will display tropical and native Indiana predator plants. Plants will also be available for purchase. Those who attend the plant show will also have free entry to the Predatory Plants Presentation 1-2 p.m. June 27.
🗓️ 10 a.m. to 5 p.m. June 27, 1-5 p.m. June 28
🎟️ $7 per person, $15 per family (maximum of two adults per family)
Mirror Indy, a nonprofit newsroom, is funded through grants and donations from individuals, foundations and organizations.
Mirror Indy reporter Elizabeth Gabriel covers the south side of Marion County. Contact her at elizabeth.gabriel@mirrorindy.org. Follow her on X at @_elizabethgabs.
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