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Local Bank Layoffs Expected in December

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First Merchants Bank has filed notice with the Indiana Department of Workforce Development of a mass layoff across four bank branches in Lake County after their recent purchase of Munster-based Citizens Financial Bank. According to the Worker Adjustment and Retraining Notification (WARN) Notice dated October 3, 2013, officials expect 84 employees from two locations in Munster and two others in Hammond and Schererville will lose their jobs starting in early December. In May, First Merchants Bank out of Muncie purchased Citizens Financial, which has twenty branches in the Region and Chicago's south suburbs. The president of Citizens Financial was recently quoted in The Times as saying the layoffs will affect workers in support roles including operations and technology.


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