Banking players on rise: Despite flood of mergers, area competition heats up

Big-ticket bank mergers grabbed plenty of headlines in the past two years. Just don't let the splashy news stories fool you. The number of players in the Indianapolis banking market is expanding, even amid consolidation in the industry nationwide. Over the past 10 years, the number of banks taking deposits in the metropolitan area has grown from 41 to 56, according to annual data from the Federal Deposit Insurance Corp. Analysts attribute much of the growth to smaller banks and...

 

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