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Ludden to retire from First Savings board

Ludden to retire from First Savings board
Ludden to retire from First Savings board
Mike Ludden

Clarksville-based First Savings Bank recently announced that Mike Ludden, vice chairman of First Savings Financial Group (NASDAQ: FSFG) and First Savings Bank, will not seek re-election to the board of directors at the annual shareholders’ meeting slated for February.

Ludden served as chairman of the board for First Savings Bank from 2005 to 2017 and 27 years total as a board member.

Ludden is president and CEO of L. Thorn Co. Inc., a construction materials distributor based out of New Albany.

“We want to thank Mike Ludden for his dedication to First Savings Bank and First Savings Financial Group over the past 27 years,” Larry Myers, president and CEO of First Savings Bank, said. “His leadership has played an integral role on our board, and he will certainly be missed.”

First Savings Bank is the largest local community bank with retail offices located in Southern Indiana. With more than $1.2 billion in assets, the bank has a lending footprint in 49 states. Locally, there are 15 locations in the Indiana communities of Clarksville, Charlestown, Corydon, English, Elizabeth, Georgetown, Jeffersonville, Lanesville, Marengo, New Albany, Salem and Sellersburg. First Savings Bank offers a complete line of personal and business banking products and investment services. Access to First Savings Bank accounts, including online banking and electronic bill payments, is available anywhere with internet access through the bank’s website at or mobile app.