Ameriana Bancorp is a bank holding company for Ameriana Bank and Trust SB (the Bank), an Indiana-chartered savings bank headquartered in New Castle, Indiana, its principal subsidiary. The Company also holds a minority interest in a limited partnership organized to acquire and manage real estate investments that qualify for federal tax credits. The business of the Bank consists primarily of attracting deposits from the general public and originating mortgage loans on single-family residences, multi-family housing and commercial real estate. The Bank also makes home improvement loans and consumer loans and, through its subsidiary, engages in insurance and brokerage activities. In 1999, the Bank established a Business Services Division to provide specialized lending and other banking services for business customers. The Bank also began operating a Trust Department during 1999, and provided trust, investment and estate planning services.