Banking & Finance

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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NEA takeover humbles once-mighty ISTA

May 20, 2009
Greg Andrews
The National Education Association said today that it is taking over its Indiana affiliate, a stunning comeuppance for what long had been one of the most powerful union forces in the state.
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Old National striving to be 'Indiana's bank'Restricted Content

May 18, 2009
Scott Olson
Old National's purchase of 65 Charter One branches deepens its foothold in Indy.
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Lilly Endowment has made few changes despite massive fall in valueRestricted Content

May 18, 2009
Kathleen McLaughlin
Lilly Endowment lost 26 percent of its value in 2008, falling from $7.7 billion to $5.7 billion. What's different about the Indianapolis-based endowment is that its most recent loss caps a downward slide that's lasted eight years.
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Merchants Bank of Indiana is top home-grown bankRestricted Content

May 18, 2009
Peter Schnitzler
Merchants Bank of Indiana, whose main office is in Carmel, books better numbers than any other Hoosier bank.
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Top investment minds weigh in on erratic marketRestricted Content

May 18, 2009
Ken SkarbeckMore

Angel investment group off to flying startRestricted Content

May 11, 2009
Scott Olson
HALO Capital injects $8 million into startups in first year of operation despite recession and membership turnover.
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  1. Thank you to the scientists who care enough to find a cure. We are so lucky that their intelligence has brought them to these understandings because it is through these understandings that we have new hope. Certainly the medicine will be expensive, these drugs usually are, especially the ones that are not mass produced. If I know anything from the walks that my town has put on for FA it is this: people care and people want to help. Donations and financial support can and will come to those who need it. All we need is a cure, the money will come. I mean, look at what these scientists have done thanks to the generosity of donors. 30 million dollars brings us here where we can talk about a drug's existence! There is so much to be frustrated about in this world, but this scientific break is not one of them. I am so happy for this new found hope. Thank you so much to the scientists who have been slaving away to help my friends with FA. We wish you speedy success in the time to come!

  2. I love tiny neighborhood bars-- when I travel city to city for work, it's my preference to find them. However, too many still having smoking inside. So I'm limited to bars in the cities that have smoking bans. I travel to Kokomo often, and I can promise, I'll be one of those people who visit the ma and pa bars once they're smoke free!

  3. I believe the issue with keystone & 96th was due to running out of funds though there were other factors. I just hope that a similar situation does not befall ST RD 37 where only half of the overhaul gets built.

  4. It's so great to see a country founded on freedom uphold the freedom for all people to work and patronize a public venue without risking their health! People do not go to bars to smoke, they can take it outside.

  5. So, Hurko, mass transit has not proven itself in Indy so we should build incredibly expensive train lines? How would that fix the lack of demand? And as far as those double decker buses to bus people in from suburbs, we can't fill up a regular sized buses now and have had to cancel lines and greatly subsidize others. No need for double decker buses there.

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