Banking & Finance

FDIC sues executives over Irwin failureRestricted Content

May 25, 2013
The Federal Deposit Insurance Corp. has filed suit against four former officers of defunct Irwin Financial Corp. banks, alleging they “closed their eyes to known risks” in approving loans that contributed to the banks’ 2009 takeover by regulators.More.

Finish Line's cash hoard could make it alluring targetRestricted Content

May 25, 2013
The Indianapolis-based retailer is debt-free and has amassed $227 million in cash on its balance sheet. That works out to $4.63 per share.More.

Mayor suspends land bank after indictments

May 22, 2013
Indianapolis Mayor Greg Ballard on Wednesday sidelined a city program that sells vacant and tax-delinquent properties, one day after federal prosecutors indicted two of its top officials for allegedly accepting bribes and kickbacks.More.

Stonegate raises $115M to fund jumbo mortgage expansion

May 22, 2013
The fast-growing Indianapolis-based firm will use the funds to fuel originations of loans not intended for government-backed programs, as well as to build its portfolio of servicing contracts, CEO Jim Cutillo said.More.

Centerfield rounds up $171M for new fundRestricted Content

May 18, 2013
An Indianapolis private investment firm has raised one of the largest-ever funds in the state. Centerfield Capital Partners pulled in $171 million that it plans to invest in about 20 companies. Its two previous funds totaled $60 million and $116 million.More.
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