Banking & Finance

ExactTarget option gains approach $300MRestricted Content

June 8, 2013
Dan Human
xactTarget Inc.’s sale will swell the value of employee stock options to nearly $300 million—a windfall local tech experts expect will launch a wave of entrepreneurship over the next several years.
More

Upstate bank headed for FishersRestricted Content

June 8, 2013
A Warsaw-based bank will build in Fishers its second Indianapolis-area office.
More

Stocks swoon after weak economic reports

June 5, 2013
Associated Press
Companies like miners, banks and chemical makers, whose fortunes are most closely tied to the prospects for growth, fell the most. That's a sign investors are becoming less confident in the U.S. economy.
More

National mortgage settlement checks in the mail

June 4, 2013
Associated Press
Indiana Attorney General Greg Zoeller says checks totaling more than $26 million will be mailed to more than 18,000 Indiana consumers this month containing shares of the National Mortgage Settlement.
More

IEDC rolling out $1M diversity investment fund

June 4, 2013
Greg Andrews
Fund managers will seek to invest in companies owned by minorities, women and veterans that have sustainable competitive advantages, scalable business models and the potential for meaningful job creation.
More

Bank seeks to foreclose on architectural firm’s HQ

June 3, 2013
Scott Olson
KeyBank has filed a lawsuit against A2SO4 Architecture and is asking a judge to appoint a receiver to manage the property at 540 N. College Ave. The bank says it is owed nearly $1 million.
More

Average household far from regaining wealth, study says

May 31, 2013
Associated Press
The average U.S. household has regained less than half the wealth it lost to the Great Recession, a report released Thursday by the Federal Reserve Bank of St. Louis concluded.
More

Old National to close 13 Indy bank branches

May 29, 2013
Mason King
The move, part of a statewide effort to streamline operations and save money, will leave 27 Old National branches in the nine-county area.
More

First Merchants accused of overdraft fee violations

May 29, 2013
Chris O'Malley
A lawsuit seeking class-action status alleges that the Muncie-based bank manipulated the timing of customers' transactions to cause their checking accounts to bounce more frequently, generating millions of dollars in overdraft fees.
More

Former bookkeeper pleads guilty to stealing $680K

May 29, 2013
Associated Press
Fifty-three-year-old Karen Armacost of Franklin admitted to forging hundreds of checks between 2007 and 2012 from the Greenwood Orthopaedics surgical group.
More

Horizon Bank gains access to Mass Ave with building purchase

May 28, 2013
Scott Olson
Michigan City-based Horizon Bank bought the two-story building at 302 N. Alabama St. for $1.5 million and is embarking on a "substantial" investment in the property.
More

FDIC sues executives over Irwin failureRestricted Content

May 25, 2013
Chris O'Malley
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
Greg Andrews
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
Associated Press
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
Bloomberg News
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
Dan Human
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

Firms ladle trips, car allowances on top of rich pay packagesRestricted Content

May 18, 2013
Dan Human
Senior 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.
More

Spate of banking mergers may be just the beginningRestricted Content

May 18, 2013
Greg Andrews
First 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.
More

Leader of fraud scheme sentenced to 4-plus years

May 14, 2013
 IBJ Staff
Michael 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.
More

First Merchants' deal to make it state's second-biggest bank

May 13, 2013
Greg Andrews
The acquisition of CFS Bancorp Inc. will increase First Merchants' assets to $5.4 billion and leave it with nearly 100 offices.
More

Indiana credit unions are booming again

May 11, 2013
Norm Heikens, Chris O'Malley
Credit 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.
More

FARRA: Don't expect big dividends from banks anytime soon

May 11, 2013
George Farra / Special to IBJ
Banks will not return to their status as reliable sources of shareholder dividends for three years or longer.
More

Ruling keeps church ensnared in life insurance nightmareRestricted Content

May 11, 2013
Greg Andrews
A 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.
More

Merchants, Citizens Bank to merge

May 9, 2013
Chris O'Malley
Shareholders in Carmel-based Merchants will receive stock that was valued at $98.3 million before the announcement of the deal caused a huge spike.
More

New seed fund aims to make Indiana a hotbed for digital health startupsRestricted Content

May 4, 2013
J.K. Wall
Infuse Accelerator hopes to make early-stage investments in 12 to 15 companies a year.
More
Page  << 11 12 13 14 15 16 17 18 19 20 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT