Banking & Finance

Is Indiana coming out of venture capital swoon?

August 3, 2009
 IBJ Staff
Carmel-based Dormir LLC’s announcement July 29 of $12 million in venture financing was the second local life sciences deal announced in July. It could suggest a turnaround from a woeful second-quarter performance, when Indiana life sciences firms announced zero venture capital deals.
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Toll-road lease tumbles in valueRestricted Content

August 3, 2009
Peter Schnitzler
Gov. Mitch Daniels expected his unprecedented $3.8 billion Indiana Toll Road lease to last 75 years. It may be tested after just three.
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Carmel's Dormir raises $12M from venture capital firms

July 29, 2009
J.K. Wall
Carmel-based Dormir Inc., which operates sleep study centers and sleep equipment stores around the country, raised $12 million in venture capital from three out-of-state firms. The company plans use the proceeds to acquire six to 10 companies this year and more next year, according to CEO Tim Miller.
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Conseco says profit in line with estimates

July 28, 2009
J.K. Wall
Conseco Inc. said it would meet analysts’ expectations for the second quarter by posting earnings of at least 22 cents per share, before investment losses. The Carmel-based health insurer announced the preliminary financial results today after the market closed.
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Grain Dealers Mutual merges with Florida firm

July 28, 2009
Scott Olson
Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning.
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Regulators hike Irwin Union's capital requirements

July 27, 2009
Peter Schnitzler
Regulators have told Irwin Union Bank FSB that it must boost its capital by the end of next month or face the possible suspension of its business.
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Old National profit falls, but beats expectations

July 27, 2009
Scott Olson
Second-quarter profit for Old National Bancorp fell 50 percent from the same period a year ago, but the company still managed to exceed analysts’ expectations.
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WOJTOWICZ: Stimulus is expanding small-biz lendingRestricted Content

July 27, 2009
Jean Wojtowicz
The economic stimulus package allocated $375 million to the U.S. Small Business Administration so it could offer more generous terms to small-business borrowers.
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Banks no longer in critical condition, but full recovery still distantRestricted Content

July 27, 2009
Scott Olson
The banking sector is on the mend after being tattered by the financial crisis, but it still has a long way to go before making a full recovery. That’s the consensus, judging from recent stock performances of the largest publicly traded banks with a presence in Indianapolis.
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Banks building new branches despite online ageRestricted Content

July 27, 2009
Marc D. Allan
Bank transaction counts—the number of people going into banks to make a deposit, cash a check or conduct some other form of business—have declined in recent years with the increased popularity of direct deposit, online banking and easy ATM accessibility. So why add branches?
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SKARBECK: Growth of private trading should have us all worriedRestricted Content

July 27, 2009
Ken Skarbeck
It is ironic that in the aftermath of the credit crunch, with investors calling for more market transparency from Wall Street, opaque trading markets are thriving.
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White River Capital calls off First Chicago dealRestricted Content

July 27, 2009
 IBJ Staff
Indianapolis-based White River Capital Inc. has quietly called off its merger with Itasca, Ill.-based First Chicago Bancorp.
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INVESTING: High-frequency trading comes under scrutinyRestricted Content

July 13, 2009
Ken Skarbeck
A developing case of technology theft has shed light on the proprietary systems Goldman Sachs and other investment firms use to make millions of dollars. A 39-year-old former employee at Goldman has been accused of stealing computer code used in the company’s high-frequency trading system.
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Fifth Third taps new president of central Indiana operations

July 9, 2009
Scott Olson
Cincinnati-based Fifth Third Bank yesterday named Nancy Huber president and CEO of its central Indiana operations in Indianapolis.
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Noblesville man sentenced for mortgage fraud

July 9, 2009
 IBJ Staff
A Noblesville man was sentenced to one year of home detention yesterday after pleading guilty to mortgage fraud in federal court. Marvin G. Hampton also was ordered to pay $262,424.76 in restitution to three lending institutions.
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HICKS: Recessions end, with or without government helpRestricted Content

June 22, 2009
Mike Hicks
The worst is likely behind us, but difficult times lie ahead, especially for the unemployed.
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Indiana Members Credit Union grows by acquisitionRestricted Content

June 15, 2009
 IBJ Staff
Indiana Members Credit Union, the metro area's second-largest credit union, has acquired Marsh Employees Federal Credit Union.
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Deloitte employees take part in company-wide volunteer dayRestricted Content

June 15, 2009
 IBJ Staff
Eli Lilly and Co. isn't the only company to set aside a day for volunteering. The Big 4 accounting firm Deloitte had its 10th annual IMPACT Day June 5.
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Hoosier named to lead CDC trade organizationRestricted Content

June 1, 2009
Jean Wojtowicz, executive director of the Indiana Statewide Certified Development Corp., has been elected to chair the National Association of Development Companies, or NADCO, board of directors.
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A bit of Lauth historyRestricted Content

June 1, 2009
Regarding the May 25 story, ["Lauth granted reprieve,"] please note that Lauth Property Group is an offshoot of the original company founded by myself and Terry Eaton in 1976. It was then known as Ernst/Eaton Associates.
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Indiana logs more complaints against collectors as pressure mounts to make debtors pay upRestricted Content

June 1, 2009
Sam Stall
A lot of people owe money these days, and some of the agencies hired to pursue them are resorting to old- school tactics to collect. Things like calling at all hours, threatening to have debtors jailed or fired, or employing abusive language.
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Led by educators instead of investment specialists, state teachers fund fell into $67M holeRestricted Content

May 25, 2009
J.K. Wall
The people overseeing the Indiana State Teachers Association Insurance Trust had no background in investments or insurance, likely leaving them ill-equipped to grasp the ever-larger amounts of complicated investments the trust was buying.
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Panel handicaps market recovery chancesRestricted Content

May 25, 2009
Cory Schouten
A panel of five veterans of real estate and construction provided industry insights at IBJ's Power Breakfast May 1 at the Westin Indianapolis.
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In recession, commercial brokers struggle to determine property valuesRestricted Content

May 25, 2009
Chip Cutter
Few commercial real estate properties are changing hands in the Indianapolis area these days, creating challenges for brokers who say it's becoming increasingly difficult to determine the value of properties.
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Banker's seat on board turns into bigger challengeRestricted Content

May 25, 2009
Greg Andrews
Within a month of joining the board of Evansville's Integra Bank Corp. Mike Alley, former CEO of Fifth Third Bancorp's central Indiana operations, had become Integra's interim CEO.
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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

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