Banking & Finance

Church scam investors may be repaid by end of 2014

February 10, 2014
Associated Press
Receiver Michael Rusnak said he hopes to finish repaying investors who lost money in the Alanar scam by the end of the year.
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CloudOne nabs $2.8 million in venture capital

February 10, 2014
Dan Human
The Indianapolis-based technology firm has landed more than $7 million in venture capital since it was founded in 2009.
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Architecture firm closing, renovated HQ on block

February 7, 2014
Scott Olson
A2SO4 Architecture LLC has begun to wind down operations as a bank forecloses on a couple of construction loans for its new headquarters with a total balance of more than $1 million.
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Charles Schwab may move jobs from California to Indiana

February 6, 2014
Associated Press
Charles Schwab Corp. said Thursday it is planning to move about 1,000 jobs out of San Francisco over the next three to five years.
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Indiana gets low-interest loans for tornado relief

February 6, 2014
Associated Press
Businesses, residents and some not-for-profits in 19 Indiana counties recovering from the November tornado outbreak can receive low-interest federal disaster loans.
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Industry providing cash advances for lawsuit payoffs fights bill

February 5, 2014
Associated Press
The director of a group of financing companies warned Wednesday that lawmakers "would eliminate this industry from Indiana" should they approve a measure targeting companies that provide cash advances to people awaiting payoffs in personal injury lawsuits.
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Pension board, lawmakers hash out annuity worries

February 4, 2014
Associated Press
The Indiana state pension system is pressing ahead with a proposal to privatize state employees' annuity savings accounts, even as legislators consider placing a hold on the move for five years amid widespread concerns that state workers would lose valuable benefits.
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Longtime Simon Property CFO stepping down

February 3, 2014
Stephen Sterrett joined the predecessor to Simon Property Group Inc. in 1989, before the retailing giant went public in 1993 and eventually became the world's largest mall developer.
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Hendricks County man sentenced for Ponzi scheme

January 31, 2014
 IBJ Staff
A Brownsburg businessman will serve two years in prison and 14 years on probation for his role in stealing $1.5 million from 24 investors in Johnson and Hendricks Counties, as well as Colorado.
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Senate amends corporate tax bill, rejects Democrats' efforts to strip key provisions

January 28, 2014
Olivia Covington,  The Statehouse File
Financial institutions would have to wait an additional three years to fully feel the effects of a statewide tax cut under changes made Tuesday to Indiana Senate Bill 1.
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Hawthorns Golf Club in Fishers files for bankruptcy

January 27, 2014
 IBJ Staff and Bloomberg News
The move comes after a lender filed a $4.8 million foreclosure lawsuit on the club and asked a Hamilton County court to appoint a receiver.
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Minimum wage bills pushed in at least 30 states

January 26, 2014
Associated Press
A pitch last week from Indiana Democrats was a nonstarter. But a Quinnipiac University poll this month found 71 percent of Americans in favor of raising the minimum wage—including more than half of Republicans polled.
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Indiana missing out on IPO fever

January 25, 2014
Chris O'Malley
A new law might encourage more companies to go public.
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Indianapolis-area mergers and acquisitions in 2013Restricted Content

January 25, 2014
The deals on this list do not include a transaction price.
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Investors seek payoff from Indiana oil wells that big players ignore

January 25, 2014
Chris O'Malley
Indiana is experiencing a mini oil-boom, thanks to some big producers, but some small, private investors are also in on the game, through Indianapolis-based Midwest Energy Partners, formed four years ago by former CountryMark executive Bill Herrick.
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Upstate bank expands central Indiana presenceRestricted Content

January 25, 2014
Warsaw-based Lake City Bank has opened a 3,700-square-foot branch on the northeast corner of State Road 37 and 131st Street.
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Investment firm ties crowd-funding to traditional fundraisingRestricted Content

January 25, 2014
Dan Human
The online investing marketplace Localstake brokered a little more than $1 million in private investments for an Indiana distillery and a solar-heating startup in 2013, through crowd-funding. Instead of receiving a T-shirt or other novelty for their money, as with typical crowd funding, contributors received an actual stake in the business.
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Bill would keep state's annuity system in-house

January 24, 2014
Halie Solea, The Statehouse File
The Indiana House is set to consider legislation that will prevent the state from privatizing one part of public employee and teacher retirement funds.
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Five questions: Indiana treasurer ponders course for yield rise

January 17, 2014
Bloomberg News
Richard Mourdock, a 62-year-old geologist and former coal-mining exec in his second term as Indiana treasurer, discusses his approach to managing $7 billion in state funds.
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Indy-based website for coaches scores key VC investment

January 16, 2014
Dan Human
The startup operating from SoBro plans to expand its market with the cash infusion, connecting athletes and teams to qualified coaches.
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Committee considers but doesn’t vote on new VC tax credit

January 13, 2014
Senate Bill 165, authored by Republican Sen. Randy Head of Logansport, would distribute up to $10 million in tax credits to venture capital firms investing in Indiana businesses.
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Bill meant to protect credit scores considered by committee

January 13, 2014
Brandon Mullens, The Statehouse File
Senate Bill 175 would restrict the use of credit checks in reducing credit scores.
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Cash-strapped Fair Finance CFO agrees to $50M settlementRestricted Content

January 11, 2014
Greg Andrews
An attorney for Rick Snow says the executive agreed to the deal because he lacked the money to fight the suit, not because he actually has the money.
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Funding drought pinches life sciences firms

January 11, 2014
J.K. Wall
Nationally, venture capital investments into life sciences firms totaled $4.9 billion during the first nine months of 2013, down 30 percent from the same period in 2008, according to data from Thomson Reuters and PricewaterhouseCoopers. In Indiana, life sciences firms raised $21 million during the first nine months of the year, far lower than any year since 2003.
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Corn pile biggest since 1994 as crop overwhelms use

January 9, 2014
Bloomberg News
Stockpiles of corn in the United States, the world’s top grower, are rising at the fastest pace in 19 years as a record crop overwhelms increased demand for the grain used to make livestock feed and ethanol.
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  1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

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