STAR Financial Group, Inc. is the parent company of STAR Financial Bank, an Indiana-based community bank known for its culture of delivering quality service, personalized banking solutions and innovative use of technology. In addition, two wholly owned subsidiaries, STAR Wealth Management and STAR Insurance Agency, offer licensed professional services in financial planning, trust and asset management, and insurance. STAR Financial Group has grown to $1.86 billion in assets with 47 locations in central and northeast Indiana. In 1943, a small group of individuals led by two families - the Marcuccillis and the Wrights - were taking steps that would forever change their fortunes and those of their successors. Selah G. Wright, and Ralph and Tom Marcuccilli, in partnership with a small group of businessmen, bought their first bank - the Upland Branch of the Citizens State Bank of Fairmount located in Upland, Indiana, for $28,000. This was the beginning of the financial organization that became STAR Financial Bank. The 1950s and 1960s were decades of planned expansion into community banking. Beginning in 1952 with the purchase of The Gaston Banking Company of Gaston, Indiana, over the next 15 years, seven more Indiana community banks were purchased. The goal of the founding partners was to bring about change in the banking laws that would permit multiple bank ownership and allow them to bring centralized control to the community banks. Hindered by current Indiana banking laws, the group formed the Northern Indiana Financial Service Corporation (NIFSCO) in 1966. NIFSCO was the beginning of the data processing company that later became STAR Financial Systems, which later merged into the bank charter we have today. In the 1970s, Tom Marcuccilli's sons, Jim and Tom, joined NIFSCO to help the company further develop its core financial services. At the same time Bob Wright's son, Tom, joined the Bank of Henry County in Shirley, Indiana, to begin his banking career. During this period, bank management began to merge their charters and relocate home offices in county seats where bigger markets offered more growth potential. They did not, however, abandon their commitment to the communities and the local businesses they served. In April of 1985 - four years after the last founding father Tom Marcuccilli, died - the Indiana General Assembly passed the Indiana Banking Structure Reform Act, which permitted bank holding companies to own and control more than one bank in the state. With the passage of this act, the founding fathers' dream became a reality and a STAR was born. The new company was publicly announced on October 30, 1985. The name STAR, selected from more than 300 names submitted by bank employees, was derived from the first names of the early principals (Selah Wright, Thomas Marcuccilli, Arthur Hodson, and Ralph Marcuccilli).STAR Financial Group is a well-established company. It was founded way back in 1943. This time-proven company loves to hire graduates from Ball State University, with 8.0% of its employees having attended Ball State University. Want to explore some other great places to work in Fort Wayne, IN? You can check out our full list of Best Companies to Work For in Fort Wayne, IN.Based in Fort Wayne, IN, STAR Financial Group is a medium-sized finance company with 751 employees.
STAR Financial Group's mission statement
To be a market leader. We pride ourselves on being innovative and using the latest technology to advance our products and services. We were among the first financial institutions in the country to send e-mail statements and utilize imaging technology.
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The key people at STAR Financial Group is James Marcuccilli.
Key people
James Marcuccilli
STAR Financial Group rankings
STAR Financial Group is ranked #21 on the Best Finance companies to work for in Indiana list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.
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STAR Financial Group diversity
8.0
Diversity score
We calculated STAR Financial Group’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of STAR Financial Group’s workforce.
STAR Financial Group diversity summary. Zippia estimates STAR Financial Group's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated STAR Financial Group's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of STAR Financial Group's workforce.
STAR Financial Group has 751 employees.
64% of STAR Financial Group employees are women, while 36% are men.
The most common ethnicity at STAR Financial Group is White (63%).
18% of STAR Financial Group employees are Hispanic or Latino.
9% of STAR Financial Group employees are Asian.
The average employee at STAR Financial Group makes $47,492 per year.
Employees at STAR Financial Group stay with the company for 2.5 years on average.
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STAR Financial Group financial performance
9.2
Performance score
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STAR Financial Group FAQs
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Zippia gives an in-depth look into the details of STAR Financial Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about STAR Financial Group. The employee data is based on information from people who have self-reported their past or current employments at STAR Financial Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by STAR Financial Group. The data presented on this page does not represent the view of STAR Financial Group and its employees or that of Zippia.
STAR Financial Group may also be known as or be related to STAR Financial Group and Star Financial Group Inc.
