Banking & Finance
Feds take over SCB Bank in Shelbyville
February 11, 2012
IBJ Staff and Associated PressMuncie-based First Merchants Bank will assume the deposits and some of the loans of SCB, the third Hoosier bank to fail since
the banking crisis began three years ago.
MoreCouncilor seeks review of city's TIF-district strategy
February 11, 2012
Cory SchoutenBrian Mahern, a Democrat on the City-County Council, plans to propose a study commission to examine the effectiveness of TIF
districts, how property tax caps will affect them, and ways to increase transparency for the complicated financing vehicles.
MoreDisappointing quarter puts WellPoint brass on hot seat
February 11, 2012
Greg AndrewsAnalysts say the company has struggled to generate the consistent earnings that rivals have, in part because of mispricing
of its Medicare Advantage senior coverage.
MoreRepublic shareholders cheer plans to shed Frontier
February 11, 2012
IBJ StaffA $120 million restructuring that included job cuts and cost reductions has returned Frontier Airlines to profit, allowing
Republic to move ahead with the separation.
MoreMerger to give northwest Indiana bank local foothold
February 10, 2012
Kathleen McLaughlinHorizon Bancorp of Michigan City announced Friday that it has agreed to acquire Heartland Community Bank of Franklin for about
$14 million, or $9.72 per share.
More13K Indiana foreclosure victims to get $2K checks
February 9, 2012
Associated PressIndiana homeowners will receive about $43 million in refinanced loans while other borrowers will get $30 million worth of
loan-term modifications and other relief as part of a $25 billion nationwide settlement with the country's biggest mortgage
lenders.
MoreTrustee seeks $1B from Fair Finance's lenders
February 8, 2012
Greg AndrewsFair Finance Co.’s bankruptcy trustee finally has found some deep pockets to go after in his quest to recover money
for the small-time Ohio investors who lost more than $200 million when the Tim Durham-led company failed two years ago.
MoreLatest Fair suits target Kato Kaelin, playmate, many others
February 7, 2012
Scott OlsonA former Playboy playmate, a well-known rapper and local businessmen are among the defendants in a barrage of lawsuits filed
by a bankruptcy trustee trying to collect funds for investors of Fair Finance Co., the defunct Ohio firm led by Tim Durham.
MoreHealth care VC hits new Indiana low in 2011
February 6, 2012
J.K. WallIndiana companies landed just $14.1 million in venture funding last year, the lowest amount of capital flowing to the
state’s health care sector since BioEnterprises began tracking such deals in 2005.
MoreMini Thin maker agrees to $1M bankruptcy settlement
February 4, 2012
Kathleen McLaughlinCarmel resident Richard Deer, who built a business around Mini Thin dietary supplements, has agreed to pay $1 million in his
company’s bankruptcy case.
MoreSale of storied bank reflects industry's difficult times
February 4, 2012
Greg AndrewsJohn Keach Jr., the third generation of his family to lead Indiana Bank & Trust, looked into the future and wondered how—given
the lackluster economy and increasing costs for everything from employee benefits to regulatory compliance—it would
generate robust earnings growth.
MoreFew in Indiana using state fund to avoid foreclosure
January 30, 2012
Associated PressA state program created to help Indiana residents avoid foreclosure by providing them with 10-year loans is seeing few takers
even though the state's foreclosure rate is among the highest in the nation.
MoreShould Indiana phase out inheritance tax?
January 28, 2012
Supporters of new legislation say the wealthy shouldn't have to leave the state to avoid the tax.
MoreWALKER: A watershed 401(k) deadline is hurtling our way
January 28, 2012
Brent Walker / Special to IBJPlan sponsors will face both higher expectations and legal responsibilities.
MoreExactTarget's IPO plan could draw out suitors
January 28, 2012
Greg AndrewsFirms pursuing IPOs simultaneously investigate the possibility of a sale as a matter of course, in part because doing so helps
investment bankers assess how they should price shares if they pull the trigger on an offering.
MoreLocal fraternity files suit against former auditor
January 25, 2012
Scott OlsonThe foundation of Alpha Tau Omega accuses Indianapolis-based K.B. Parrish & Co. LLP of malpractice and breach of contract
stemming from $400,000 in missing funds allegedly taken by a former employee.
MoreOld National buying Indiana Community for $79M
January 25, 2012
J.K. WallEvansville-based Old National will absorb 20 Indiana Community branches, including three on the southern edge of Indianapolis.
Indiana Community Bank & Trust has nearly $985 million in assets.
MoreBuilder's bookkeeper gets 18-month sentence for theft
January 25, 2012
IBJ Staff and Associated PressKim Hutchison, 52, the former treasurer of Greenwood-based J. Greg Allen Builders and Princeton Homes, has been sentenced
to 18 months in prison for allegedly stealing more than $446,000 from the now-closed companies.
MoreGovernor's Fair Finance settlement yields just $3,000
January 24, 2012
Greg AndrewsCourt papers show the Mitch for Governor Campaign Committee isn't paying more in a settlement with Fair Finance Co.’s
bankruptcy trustee because it has just $3,500 left.
MoreCourt sets repayment schedule for United Financial Systems
January 23, 2012
Kathleen McLaughlinThe Indiana Supreme Court handed down an order that sets out a repayment schedule for the $2.4 million that United Financial
Systems Corp. still owes its former customers.
MoreFair trustee sues Durham's mother for $831,000
January 22, 2012
Greg AndrewsThe lawsuit alleges Mitza Durham of Seymour received 58 checks or wire transfers from the indicted financier from February
2006 through November 2009.
MoreAcquisition-minded investors eye Indiana companies
January 21, 2012
Francesca JaroszAs deadlines loom, private equity firms, others, move to deploy capital.
MoreIndiana deals ranged upward of $800 million
January 21, 2012
Mergers and acquisitions in 2011 ranged from WellPoint's acquisition of CareMore to a trucking company merger.
MoreFinancial maneuvers give Emmis new lease on life
January 21, 2012
Greg AndrewsThe company has made tremendous progress in recent weeks addressing problems that have scared off investors and pushed the
price of its common stock below $1.
MoreProsecutor files charges in two white-collar crime cases
January 19, 2012
One case involves an Indianapolis attorney accused of stealing nearly $600,000 from two accounts she oversaw as trustee. The
other involves the theft of $200,000 from the foundation of a national collegiate fraternity.
More
Sponsored by
ADVERTISEMENT
on Facebook & Twitter
on Facebook & Twitter
 Follow IBJ's Tweets on these topics: |
||
| @IBJNews | @Propertylines | @IBJTheScore |
| @IBJArts | @IBJHealthcare | @IBJDining |
| @IBJLists | @IBJSmallbiz | |
IBJ Featured Advertisers
ADVERTISEMENT
Back to TopCopyright © All Rights Reserved. Privacy Policy | Terms of Use.
Design, CMS, Hosting & Web Development :: ePublishing.
Additional Hosting & Delivery by
Members must realize if you stop paying your dues you will lose. Why else would your employer honor the rtw bill. Before you take this step think about what you may be giving up in the long run. Very little of your dues money goes to any dem candidate. YOu will never know how much your republican employer gives his party with money he could be paying the employee. Who will step up and demand better wages or benefits if you have no representation. Union is the way for a better life. Our carpenter union offers a 4 year apprenticeship and 2 year degree from Ivy Tech all paid for with union dues . This is a great opportunity for kids who cant afford schooling after high school. The same opportunity is there for any person,any age, either sex to provide a better living for their family. Pension, anuity, health insurance all for your dues. How is this a bad choice.
The FDIC is funded by assessments paid by banks, not taxpayers. That is not to say that bank customers don't ultimately pay the cost because, in the end, banks don't survive if they don't make profits.
SCB Bank's failure is expected to cost the government $33.9 million,dont you mean middle class another bailout our government has no money
Diogenes, the company did not call "pro-life" statements inflammatory. The IBJ article used the words "pro life."
All, the company did, is what it should do which is apologize profusely for offending people with a program that offered statements that support an infamous apartheid proponent, Dr. Verwoerd, suggest that sometimes rape is justified, and quote Biblical text to people, not looking for it.
If this is what you think is "insanity" then more companies need to behave insanely.
I totally disagree with $45mil being given to the state Attorney General's office. That money is a waste. All of the money should go to help the homeowners & the people who were foreclosed on. Why such a big percentage to state govt? They'll get to start another agency staffed with people who have new-found power & don't care about the people they serve. As soon as the program was announced, I knew the states would end up with a huge chunk of the money for themselves that would just be squandered. Or maybe Mitch Daniels will just happen to "find" another big chunk of money that was "posted in the wrong section of the state's books."