What sets us apart?
With regulator knowledge, oversight, and approval, our bank holding company and our bank affiliate, United Fidelity Bank, fsb, works closely with leading financial institutions across the U.S. Consolidation of a lender mindset with our in-house development services set us apart from the competition and enable us to expand our investments into affordable housing in addition to pursuing our traditional community banking activities.
A shared vision for a better future
Making a stable investment choice in real estate isn’t just about the properties. It’s about the people.
Our banking affiliate partners with Pedcor to create unique financial tools to create affordable housing communities. Building a phenomenal product that serves people for years to come is a long-term commitment, and we are proud to partner with like-minded companies focused on the greater good.
Pedcor Financial, LLC is the upper tier bank holding company for United Fidelity Bank, fsb (UFB), which is a community bank that specializes in personal and commercial banking and lending with an emphasis in the creation and preservation of affordable housing. UFB also provides property management software and accounting services to affiliates of Pedcor Investments.
Gerald K. Pedigo
Mr. Pedigo has been involved in residential and commercial real estate development since 1958. He attended Butler University and subsequently was employed in the business of single-family construction and sales.
In 1962, Mr. Pedigo began his own firm while constructing approximately 400 custom homes and expanded his business to include commercial and industrial activities. Beginning in 1966, Mr. Pedigo concentrated on the commercial side of the construction business, forming Gerald K. Pedigo Corporation to provide real estate development services; Pedigo Construction Company, Inc. to provide construction services; and Pedigo and Associates to provide management services. His involvement included all facets of the industry including construction, ownership, marketing/leasing and management. He completed over 100 commercial and office buildings from $100,000 to $8,000,000. He was also a partner in several partnerships that owned and developed commercial and residential properties in Indiana, Florida, and Tennessee.
In 1986, as the tax shelter incentives were being revised, Mr. Pedigo sold the majority of his holdings and concentrated on general construction. In 1987, he joined Bruce Cordingley in forming Pedcor Investments to pursue affordable housing development.
Mr. Pedigo is a Director of Fidelity Federal Bancorp (Evansville, Indiana) and United Fidelity Bank. He is Chairman of Pedcor Investments LLC, Pedcor Financial Bancorp and Pedcor Financial, LLC, the holding company for United Fidelity Bank. He is a member of the Murat Shrine in Indianapolis and various trade associations.
Bruce A. Cordingley
President & CEO
Mr. Cordingley has been involved in commercial and residential development and financing since 1971. He graduated in 1968 from Purdue University (BS-Industrial Management) with Distinction and Honors in Economics. In 1971 he graduated from the Harvard Law School with a Juris Doctor degree. He earned a MA in Economics from Indiana University in 2000, a MS in International Finance in 2004 from the University of Maryland and attended a graduate program in Mathematical Finance at Oxford University in 2000 to 2001.
After a two-year affiliation with Bingham Dana & Gould, Boston, Massachusetts, Mr. Cordingley joined Ice Miller Donadio & Ryan, Indianapolis, Indiana, in 1973 as an associate, becoming a partner in the firm’s Real Estate Section in 1980. His legal practice focused on representation of real estate developers in all aspects of the development process (zoning, construction and permanent financing, acquisition, sales, joint ventures, syndications and tax matters).
In 1973, Mr. Cordingley began investing in real estate for his own account through International Enterprises, Inc., which owns and manages apartment communities in Indiana. In 1986, he started the development of the Bridlebourne subdivision in Carmel, Indiana which subsequently became the highest priced residential development in the State of Indiana. In 1987, he joined with Jerry Pedigo in forming Pedcor Investments to develop affordable rental housing. In 1992, Mr. Cordingley formally withdrew from Ice Miller to devote full time his efforts to the development activities of Pedcor Investments.
In addition to President and CEO of Pedcor Investments, Mr. Cordingley is chairman of United Fidelity Bank of Evansville, Indiana. He is President and CEO of Pedcor Financial, LLC, and Pedcor Financial Bancorp, the senior holding companies for United Fidelity Bank. He is also chairman of Fidelity Federal Bancorp and its subsidiaries.
He was a director of Eastside Community Investments, Inc. from 1983 to 1996. Mr. Cordingley was a director of the Indianapolis Economic Development Corporation, a city development corporation, from 1985 to 1988. He was also Commissioner (1983-1986) and President (1984-1986) of the Indianapolis Historic Preservation Commission, a governmental body that regulates historic districts and promotes preservation and a board member of the Riley Area Revitalization Program, a community development corporation from 1982 to 1987.
He is a veteran ending his service from 1968-1976 as a Captain in the US Army.
He is married to Denise, a retired French teacher, and he and Denise have 3 children and 4 grandchildren.
Phillip J. Stoffregen
Executive Vice President & COO
Mr. Stoffregen has been involved in commercial and residential development and financing since 1984. In 1980 he earned a BS in Business Finance and in 1981 an MBA degree in Financial Economics, both from Indiana University, Bloomington, Indiana. In 1984 he graduated magna cum laude from the Indiana University School of Law in Bloomington and joined Ice Miller Donadio and Ryan, Indianapolis, Indiana, as an associate, becoming a partner active in both the Real Estate and Municipal Finance Sections of the firm in 1991. His legal practice focused on taxable/tax-exempt financing and development of single-family/multifamily housing. Mr. Stoffregen served in a bond counsel capacity to the Indiana Housing Finance Authority and other Indiana issuers for various housing related tax-exempt financing programs. He also represented for-profit and not-for-profit multifamily housing developers, lenders and investors, primarily in the area of low-income housing tax credit, financing and development issues.
In 1992, Mr. Stoffregen joined Pedcor Investments, LLC as a partner where he spends most of his time on apartment development, construction and financing activities. Pedcor and its affiliates have developed in excess of 30,000 apartments since 1986, most of which participate in the low-income housing tax credit program. He is currently Executive Vice President and COO of Pedcor Investments, LLC and Executive Vice President for most of the Pedcor upper-tier companies.
Mr. Stoffregen is a Director/Member of the Executive Committee/Executive Vice President of Fidelity Federal Bancorp which is the immediate holding company for United Fidelity Bank, Evansville, Indiana and he is also a Director/Executive Vice President of Pedcor Financial, LLC, which is the top-tier bank holding company for United Fidelity Bank, all of which are owned and controlled by Mr. Stoffregen and his partners in Pedcor.
In 2015, acting as Pedcor’s representative, Mr. Stoffregen joined the Board of Directors for the Affordable Housing Tax Credit Coalition (AHTCC), a national trade organization for affordable rental housing that seeks to preserve, expand and improve the Housing Credit and complementary programs through legislative outreach and education (member of Executive Committee 2021 to present). Mr. Stoffregen served with the Urban Land Institute (ULI), a nationally recognized organization in the fields of development, land use and urban planning, where he was a member of the Affordable/Workforce Housing Council (2012 to 2019). Mr. Stoffregen also served as a director of the Martin Luther King Community Development Corporation (1991 to 2000), and as a founding member of the board of directors for Coburn Place Safehaven, Inc., an Indianapolis not-for-profit operating transitional housing for victims of domestic violence (1996 to 2012), serving stints as Board Chairman for both groups.
Executive Vice President, CFO & Treasurer
Mr. Boggs graduated from Ball State University in 1992 (BS – Accounting). He started his career with Pedcor Investments, LLC as a Staff Accountant in 1993. In 1995, Mr. Boggs went to work for Simon Property Group, the largest REIT in North America at the time, where he worked for three years holding both Staff & Senior Accountant roles. In 1998, Mr. Boggs was re-hired by Pedcor Investments, LLC as an Assistant Controller and was later elevated to CFO in 2006 where he currently serves in the same role. Mr. Boggs has over 25 years of residential and commercial real estate accounting experience. In 2019, he was named the CFO of Pedcor Financial, LLC, the upper tier bank holding company for United Fidelity Bank, fsb (Evansville, IN) where he currently serves in the same role. Mr. Boggs oversees the Real Estate & Bank Holding Company accounting operations for Pedcor Companies, which includes approximately 40 accounting and finance staff members.
Senior Vice President & General Counsel
Senior Vice President & Senior Credit Officer
Originally from Muncie, Indiana, Ms. Siler graduated from Ball State University in 1998 with a BS in Accounting and immediately joined Pedcor Investments as a Staff Accountant. Throughout her 23-year career with Pedcor, Ms. Siler has worked in multiple departments focusing on financial reporting for multifamily, construction draw administration, commercial lease accounting and compliance, development finance, and credit and lending. In 2014, she was promoted to her current position as Senior Vice President overseeing all aspects of the commercial finance involving the private/public relationship between Pedcor and the City of Carmel; including pre-development, project feasibility, acquiring finance, draw administration, lease preparation, tenant compliance, cash management, and operations.
She also serves as the Senior Vice President & Senior Credit Officer for the bank holding companies of United Fidelity Bank, overseeing the loan administration and loan compliance, and as Senior Vice President for Village Capital Corporation handling the development specifically for their Carmel City Center owned projects.
Senior Vice President & Chief Accounting Officer
Senior Vice President & Tax Director
Mr. Grevel graduated from Indiana University, Bloomington in 1998 with a Bachelors in Accounting and Finance. He has been a CPA since 2002 and prior to joining Pedcor his public accounting experience includes 4 years with Crowe. He joined Pedcor in August 2003 as a Tax Manager and has since been promoted to Tax Director. Mr. Grevel has over 15 years of experience in real estate and financial institution tax compliance.
Senior Vice President & Deputy CFO – PILLC
Ms. Agnew graduated from the University of Southern Indiana in 1997 with a Bachelor of Science in Accounting. She served in the Indiana Army National Guard for six years and was honorably discharged as Specialist in 1996. In 2007, she received her MBA from Anderson University, and in 2014 obtained her CPA license.
Ms. Agnew joined Pedcor in 1997 as staff accountant preparing financial statements for a portfolio of real estate entities. Ms. Agnew received several promotions within the accounting department and in 2006, was promoted to Vice President and Accounting Director overseeing accounting and treasury operations. In 2019, she was promoted to Senior Vice President and Deputy CFO of Pedcor Investments with additional responsibilities of strategic planning for Accounting and Treasury.
Vice President & Counsel
Assistant Vice President, Assistant Secretary, & Executive Legal Assistant
Abigail G. Frantz
Senior Vice President & Secretary
Ms. Frantz graduated with a Bachelor of Arts in History (Magna Cum Laude and with Honors), and a minor in French from the University of New Hampshire in 2000. She completed her Master of Arts in European History at the University of Wisconsin-Madison in 2003. Ms. Frantz joined Pedcor Bancorp in January 2004 and is presently the Senior Compliance Officer responsible for Pedcor’s bank holding company regulatory compliance. In April 2015, she joined Village Capital Corporation and Pedcor Housing Corporation as a multifamily developer. Ms. Frantz also serves on the Board of Directors of Village Montessori PACT, Inc.
Pedcor’s bank holding company are successful because of the people who support them. Meet our highly specialized accountants, tax managers, and finance personnel. These groups also provide their services to Pedcor’s residential development team.
Accounting & Finance (Banking only)
This team exclusively focuses on bank holding company accounting and finance activities.
A/P, Payroll, Benefits & Admin.
Vice President & Accounting Director
Vice President & Assistant Accounting Director
Mr. Ok graduated with BS – Business Administration from Indiana Institutes of Technology in 1993 and earned his MBA from Anderson University in 1998. Mr. Ok joined Pedcor in April of 2005. He reviews Corporate financial reporting and coordinates annual audit with external auditors. Prior to joining Pedcor, he was a Senior Lead Auditor with a local Public Accounting Firm. He is a licensed CPA in the State of Indiana. He is in good standing and an active member of INCPA Society, AICPA, and CGMA.
Senior Accounting Manager
Mr. Memmer graduated from the University of Southern Indiana with a degree in Accounting in 1995. He is a licensed CPA in the state of Indiana and a member of Indiana CPA Society and AICPA. Mr. Memmer is a reviewer and preparer of corporate and partnership financials.
Staff Accountant I
First Vice President & Accounting / Finance Director
Mr. Bukhwele graduated with a Bachelor of Commerce in Accounting and a minor in International Economics from the University of Fort Hare in South Africa. He earned his MBA from the Isenberg School of Management at University of Massachusetts Amherst. Mr. Bukhwele joined Pedcor in 2004 and is presently the Senior Finance Manager for Pedcor Bancorp.
Jared M. Houser
Executive Vice President – Development & Finance
Mr. Houser graduated from the University of Indianapolis in May 2002 and received his M.A. in Economics from Indiana University (Indianapolis) in 2007. Prior to joining Pedcor his experience includes roles as an analyst with a local community bank and serving the 2005 session as an intern financial analyst for the Indiana House Ways & Means Committee.
Mr. Houser joined Pedcor as an intern during graduate school in April 2005 and accepted a full time position as a financial analyst with Pedcor Financial and affiliates in August 2005. He subsequently accepted the position of Vice President of Finance with Pedcor Investments and its affiliates in October 2007.
Mr. Houser currently serves as the Executive Vice President of Development and Finance with a focus on developing multifamily housing on a national platform and overseeing the financial operations of Pedcor Investments and its development-related affiliates. His responsibilities include, but are not limited to, development deal structuring, strategic capital management, and operational management and oversight. In addition to his position with Pedcor Investments, he serves on the Interest Rate Risk Committee for United Fidelity Bank and the Credit Derivatives Committee with Pedcor Assurance Company.
Vice President & Accounting Manager
Assistant Vice President & Accounting Manager
Ms. Harrah graduated from DeVry University with a bachelor’s degree in Accounting in 2002 and obtained her CPA license in 2011. Upon graduation, she joined a public accounting firm and provided accounting and tax services for small business clients in a variety of industries including construction, trucking, manufacturing, landscaping and healthcare. In 2014, she transitioned from public to industry accounting and has held various roles including Senior Accountant for a large hospital system, Director of Finance for a critical access hospital, and Controller for a tech start-up. Ms. Harrah joined Village Capital Corporation in November 2019.
Mr. Malone graduated from Indiana University with a B.S. in Accounting. Prior to joining Pedcor, he worked as an Assurance Staff Accountant at Ernst & Young and a Senior Fund Accountant at alterDomus.
Mr. Malone joined Pedcor in 2021 and is currently a Senior Accountant.
Staff Accountant II
Staff Accountant II
Ms. Ogle graduated from Ball State University in August 2015 with a BA in Graphic Arts Management and a Business Administration Minor. She is currently attending Indiana University Kokomo where she will complete the M.B.A program with a concentration in accounting. Ms. Ogle joined the Pedcor team in February of 2018 as an accounting assistant.
Mr. Yu graduated with an associate’s degree in Accounting from Sinclair Community College in 2019 and a bachelor’s degree in Accounting from Wright State University in 2022.
Mr. Yu joined Pedcor in May of 2022 and is currently a staff accountant.
Senior Financial Analyst
Mr. Kinsel graduated from Ball State University in 2019, receiving his MBA in 2021 with a concentration in international finance. Prior to joining Pedcor, he worked as a financial service professional at Charles Schwab and Co-Founded the Career Connections Conference with a grant from Eli Lilly.
Mr. Kinsel joined Pedcor in 2021 and is currently a financial analyst.
Junior Financial Analyst
Vice President & Director Of Accounts Payable, Payroll & Benefits
Ms. Anthony holds a Bachelor of Science in Accounting and a Master of Business Administration with a Human Resource concentration. She joined Pedcor Investments in October 1997 as a Payroll Clerk. She then transitioned to Accounts Payable Clerk and later promoted to Vice President and Director of AP, Payroll & Benefits. She supervises the accounts payable and payroll functions for all divisions and the administration of the company’s benefits.
Accounts Payable Manager
Senior Accounting Assistant/AP
Ms. Newport joined the Pedcor team in November 2009 as a member of the Accounts Payable staff. In 2013 she transitioned to the Treasury department where she currently is the Treasury Manager. Prior to joining Pedcor she worked 14 years in the customer service and accounting department for Bertelsmann Music Group.
Senior Treasury Analyst
Treasury Analyst I
Mrs. Lauren E. Smith is an Indianapolis, Indiana native, a devoted Christian, married to Ryan M. Smith. Lauren is a Fisk University of Nashville, Tennessee graduate 2007, current candidate for Master of Business Administration Indiana Wesleyan University spring 2021. She is also an active member of the Indianapolis Alumnae Chapter of Delta Sigma Theta Sorority, Inc, The Circle City Chapter of The Links Incorporated, as well as The Indy Black Chamber of Commerce. Lauren has evolved in the real estate and finance industries for 12+ years as a Real Estate Broker facilitating property sales and management services, now supporting the accounting team as Treasury Analyst all while encouraging financial wellness and education. She enjoys spending time with family, exploring different foods, roller skating, and favorite vacation pre-Covid is Oaks Bluff, Martha’s Vineyard. Favorite quote: “To whom much is given, much is required Luke 12:48.”
Scott joined Pedcor in 2016, after 3 years in public accounting with Katz Sapper & Miller. He
graduated from Indiana University Bloomington in 2013 with a Bachelor of Science in
Accounting and Finance.
Senior Tax Accountant
Jennie joined Pedcor in 2019, after 3 years in bank loan accounting, 7 years in public accounting, and a year in real estate accounting. She graduated from Indiana Wesleyan University with a Bachelor of Science in Business Administration and a Master of Science in Accounting.
Pedcor for the People|
In acknowledgement of the devastating history of redlining in the banking industry, in 2017 our affiliate, United Fidelity Bank, created a “greenlining” program which we call the “New Hope” program.
New Hope provides below market interest rate mortgage loans to individuals and families in low to moderate income communities and/or those with low to moderate incomes — just one way we are working to generate more equitable financing options for future homeowners and promote investment in low- and moderate-income communities.
Like most investors, we don’t like surprises. Pedcor does a great job communicating with us to make sure that we don’t have any.– John Lisella, U.S. Bancorp Community Development Corporation