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Banking & Finance
Centerfield rounds up $171M for new fund
May 18, 2013
Dan HumanAn 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.
MoreFirms ladle trips, car allowances on top of rich pay packages
May 18, 2013
Dan HumanSenior executives at Indiana's public companies last year received, on average, more in perks than the typical Hoosier
earned all year, IBJ found after reviewing Securities and Exchange Commission documents for more than 60 Indiana
companies.
MoreSpate of banking mergers may be just the beginning
May 18, 2013
Greg AndrewsFirst Merchants Corp. CEO Michael Rechin thinks a wave of bank mergers is coming—driven by financial institutions’
quest to increase profits in an environment where super-low interest rates continue to squeeze margins.
MoreLeader of fraud scheme sentenced to 4-plus years
May 14, 2013
IBJ StaffMichael Russell, 54, pleaded guilty in January to 20 counts of wire fraud and money laundering in a scheme involving former
Indianapolis City-County Councilor Paul Bateman.
MoreFirst Merchants' deal to make it state's second-biggest bank
May 13, 2013
Greg AndrewsThe acquisition of CFS Bancorp Inc. will increase First Merchants' assets to $5.4 billion and leave it with nearly 100
offices.
MoreIndiana credit unions are booming again
May 11, 2013
Norm Heikens, Chris O'MalleyCredit unions last year posted record earnings, thanks largely to lower loan-loss reserves, as well as to growing memberships,
growing debit cards, selling off mortgages and stealing business loans away from banks, their arch rivals.
MoreFARRA: Don't expect big dividends from banks anytime soon
May 11, 2013
George Farra / Special to IBJBanks will not return to their status as reliable sources of shareholder dividends for three years or longer.
MoreRuling keeps church ensnared in life insurance nightmare
May 11, 2013
Greg AndrewsA federal bankruptcy judge has slapped down an Anderson church that attempted to blame its bank for a failed scheme to finance
church upgrades by buying life insurance policies on its elderly members.
MoreMerchants, Citizens Bank to merge
May 9, 2013
Chris O'MalleyShareholders in Carmel-based Merchants will receive stock that was valued at $98.3 million before the announcement of the
deal caused a huge spike.
MoreNew seed fund aims to make Indiana a hotbed for digital health startups
May 4, 2013
J.K. WallInfuse Accelerator hopes to make early-stage investments in 12 to 15 companies a year.
MoreStocks soar to all-time high on employment news
May 3, 2013
Associated PressA stronger-than-expected pickup in hiring last month lifted the stock market early Friday, pushing the Dow Jones industrial
average above 15,000 and the Standard and Poor's 500 index above 1,600 points for the first time.
MoreFair Finance investors still empty-handed as trustee plows on
April 27, 2013
Greg AndrewsMany of the defendants pursued by Brian Bash and his team have few, if any, assets. And those that do have the wherewithal
to fight litigation for years.
MoreVenture capital favoring later-stage firms
April 27, 2013
Dan HumanGetting $50,000—often from friends and relatives—to develop a product and set up a company still is easy enough
in Indiana, small-business leaders and venture capitalists say. But once a firm needs a few million dollars to grow into a
revenue-generating operation, the area can’t compete with Silicon Valley’s magnetism for venture capital.
MoreBanks scale back real estate needs as transactions shift online
April 23, 2013
Scott OlsonAfter zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level
since 2006.
MorePace of venture capital funding slows in Indiana, Midwest
April 19, 2013
J.K. WallSeven Indiana companies attracted $16.4 million in venture capital during the first quarter. Nearly all the money was paid
out to Carmel-based ChaCha Search Inc., which secured a $14 million investment in January.
MoreFirst Internet earnings surge on commercial loan growth
April 19, 2013
IBJ StaffThe Indianapolis-based bank's commercial loan portfolio grew to $109.1 million, a rise of 62 percent compared with the first
quarter of 2012. Commercial real estate loans rose 46 percent.
MoreIndiana foreclosure prevention program expanding
April 17, 2013
Associated PressState officials estimate that about 10,000 Indiana homeowners will get help in making their mortgage payments under an expansion
of a federally funded foreclosure prevention program.
MoreStock market rebounds from worst day of the year
April 16, 2013
Associated PressGood news on housing and earnings Tuesday morning helped stocks recover from a dismal Monday, when stocks suffered their biggest
one-day decline since November.
MoreFalling commodities give Dow worst day of the year
April 15, 2013
Associated PressThe Dow Jones industrial average tumbled 265.86 points Monday to close at 14,599.20, a decline of 1.8 percent.
MoreHHGregg throws lifeline to employees with underwater options
April 13, 2013
Greg AndrewsThe company this month filed papers gave option holders the right to exchange their current holdings for new options with
an exercise price set at the current market price.
MoreIndiana pension shifts to international bonds
April 13, 2013
The Indiana Public Retirement System recently issued a request for proposals from international fixed-income managers and
received 16 responses by the April 5 deadline. The $27.1 billion retirement system will hire two managers to oversee $900
million.
MoreBank of Indiana parent files Chapter 11, to sell branches
April 10, 2013
Chris O'MalleyThe bankruptcy of Bank of Indiana's parent and the planned sale of its branches bring to a close management's quest
to turn around an institution that was buffeted by borrower defaults during the financial crisis.
MoreLilly pulls back from proposals lowering takeover barriers
April 6, 2013
Greg AndrewsFortunately, a Lilly takeover looks less likely today than it has in a long time—for both obvious and more subtle reasons.
MoreFirst Internet Bancorp jumps into dividend game
April 6, 2013
The parent of First Internet Bank late last month declared a dividend of 6 cents per common share payable April 15 to shareholders
of record April 1.
MoreCarmel financial adviser accused of using faith to prey on victims
April 1, 2013
Associated PressA central Indiana man banned from selling investments faces 10 securities fraud counts for allegedly using shared Christian
beliefs to dupe clients out of more than $580,000.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.