Prominent Banker Earns Sagamore of the WabashPosted: Updated:
The chief executive officer of Fort Wayne-based STAR Financial Bank has been awarded a Sagamore of the Wabash. James Marcuccilli also serves as chairman of the Indiana Bankers Association. He has led the bank since 1997. October 7, 2013
James C. Marcuccilli, president and chief executive officer of STAR Financial Bank, Fort Wayne, and chairman of the board of the Indiana Bankers Association (IBA), has been named a Sagamore of the Wabash by Gov. Mike Pence. The award, the highest honor bestowed by the governor of Indiana, recognizes Hoosiers who complete distinguished statewide service. Marcuccilli was presented the award at the IBA Annual Convention on Sept. 24 by David H. Mills, director of the Indiana Department of Financial Institutions.
“I am deeply honored to receive this award,” said Marcuccilli, “particularly in the company of my fellow bankers. I am proud to come from a banking family, and grateful to carry on our family tradition of service to community.”
In addition to his bank responsibilities, Marcuccilli is a director of STAR Financial Group Inc. He was named to his STAR Financial Bank position in 1997, after more than 20 years of service, and was named to his holding company position in 1985. Marcuccilli is past chairman of the board of Junior Achievement of Northern Indiana and of the Northeast Indiana Regional Partnership. He currently serves on the boards of directors of the Indiana Economic Development Corp., Regional Chamber of Northeast Indiana and Steel Dynamics Inc. Marcuccilli is a graduate of the University of Notre Dame.
Marcuccilli took office as chairman of the Indiana Bankers Association on Jan. 1, and the Association has achieved substantial success during his tenure. Most notable is the signing of HB 1018 into law, which reduced the Financial Institutions Tax; repaid funds borrowed from the Public Deposit Insurance Fund (PDIF); established a reversion of interest back to the PDIF; and placed a statutory fence around the PDIF, safeguarding a $300 million pool that protects local taxpayers. The PDIF pool was funded by Indiana banks. Source: Indiana Bankers Association