Banking & Finance

Indiana church expected to repay creditors fully in 25 years

December 17, 2013
Bloomberg News
The Madison Park Church of God in Anderson has a green light to exit bankruptcy under a Chapter 11 plan approved by an Indianapolis judge late last week.
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Poll: Many Americans see end of stock market surge

December 16, 2013
Associated Press
Americans aren't expecting another bang-up year for the stock market, according to a new Associated Press-GfK poll.
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Federal workers' pensions targeted in budget deal

December 16, 2013
Associated Press
Their retirement programs are notably generous compared to the norm in private industry. But for federal workers hired after 2012, the pension program is turning less generous.
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Interactive Intelligence’s early bet on cloud paying off

December 14, 2013
Greg Andrews
The maker of call center software has seen its stock price rocket from about $20 to $62 over the last 25 months. The runup has swelled the company’s market value from $400 million to $1.3 billion.
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Barron's says Simon stock among best for 2014

December 9, 2013
 IBJ Staff
The owner of hundreds of retail properties landed on the Barron’s list of top stock picks for 2014, with the financial publication citing an improved outlook and an analyst upgrade.
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Suit slams ex-insiders of Bank of IndianaRestricted Content

December 7, 2013
Chris O'Malley
Racketeering, fraud and “negligent oversight” are juicy ingredients in any lawsuit. But a recently filed complaint against Bank of Indiana may take the trophy in the otherwise sound-but-sleepy world of Indiana banking, not just for the nature of the allegations but that they’re aimed at the boardroom.
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Prosecutors concede no ground in Tim Durham’s appeal

December 7, 2013
Greg Andrews
In a new brief, the government insists it pursued wiretaps in late 2009 only after investigating the business using less-invasive techniques for 7-1/2 months.
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Stock market jumps after strong jobs report

December 6, 2013
Associated Press
Stocks rose sharply after the government reported a fourth straight month of solid U.S. job gains, the latest encouraging sign for the economy.
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Indiana maintains all three of its AAA credit ratings

December 6, 2013
 The Statehouse File
Indiana has held AAA ratings – the highest available – with Standard and Poor’s, Moody’s, and Fitch Ratings since April of 2010.
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School districts could recover $14 million in settlement

December 3, 2013
Associated Press
Indiana school districts which invested in a failed union health insurance plan could get back roughly half of the money they lost, if they approve the settlement.
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'12 Days of Christmas' items top $114,000

December 2, 2013
Associated Press
The price of lords-a-leaping and ladies dancing has spiked this holiday season, but other items mentioned in the carol "The Twelve Days of Christmas" still cost the same as they did last year.
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Chase Indiana chairman retiring

November 30, 2013
Chris O'Malley
Dennis Bassett, who retires at the end of this month, will tell you things might not have gone well for JPMorgan Chase & Co. if it had imported a New Yorker to run its Indiana operations when it bought Chicago-based Bank One in 2004.
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Finish Line shares continue climb after upgrade

November 25, 2013
Associated Press
Two investment analysts raised their ratings for Finish Line on Monday, saying the Indianapolis-based athletic shoe and clothing retailer has the opportunity for margin recovery and a stronger online performance.
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New Carmel company to boot J.C. Penney off S&P 500

November 25, 2013
Bloomberg News
J.C. Penney, which is trying to bounce back from its worst sales year in two decades, will be replaced by Carmel-based electronic security company Allegion, which is being spun off by Irish industrial conglomerate Ingersoll-Rand Plc.
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PROXY CORNER: First Financial Corp.

November 23, 2013
Terre Haute-based First Financial Corp. is the holding company for First Financial Bank, The Morris Plan Co. of Terre Haute and Forrest Sherer Inc. It operates 68 banking offices in Indiana and Illinois.
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Still nothing for investors, as Fair Finance legal fees balloon

November 23, 2013
Greg Andrews
The Cleveland law firm representing the bankruptcy Trustee Brian Bash is seeking approval for more than $11 million in fees.
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Bank tells tardy borrowers to get job—­and offers to help

November 23, 2013
Chris O'Malley

What if a mortgage lender could help the unemployed/underemployed customer find a job and avoid the roughly $50,000 it can cost the institution to foreclose? Cincinnati-based Fifth Third Bank began trying that very approach in central Indiana a few months ago, in the form of a re-employment assistance program.

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Dow, S&P 500 hit records before closing lower

November 18, 2013
Associated Press
The stock market broke through two milestones Monday before giving up nearly all its gains late in the day.
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First Internet up-shifts in commercial lendingRestricted Content

November 16, 2013
Chris O'Malley

First Internet Bank raised eyebrows this month when it filed a $25 million secondary stock offering said to be for organic growth and “other general corporate purposes.”

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Stonegate Mortgage profit slows in third quarter

November 14, 2013
In its first quarter as a public company, the Indianapolis-based residential mortgage firm reported a big year-over-year dip as rising interest rates made the market more volatile.
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Menard lawyers question Trump's value as spokeswoman

November 13, 2013
J.K. Wall
Attorneys for John Menard questioned how valuable Melania Trump actually is as a celebrity spokeswoman during an ongoing trial over a skincare marketing deal gone sour.
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Menard-Trump trial lays bare celeb-endorsement business

November 12, 2013
J.K. Wall
Testimony in the first day of a trial over a contract dispute between Melania Trump, John Menard and Steve Hilbert also involved former Miss America Katie Stam, the Kardashian sisters and the former manager of the Menards store in Avon.
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Fee push helping banks overcome low interest ratesRestricted Content

November 9, 2013
Chris O'Malley
Two Indiana-based banks showed up on a national ranking of best non-interest income as a percentage of operating revenue: Evansville-based Old National Bancorp and South Bend’s 1st Source Corp.
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Local hotelier files for bankruptcy on 7 properties

November 8, 2013
Mason King
Reeling from the recession, Bharat Patel hopes to protect the hotels from foreclosure. Their lender is owed as much as $120 million, according to court filings.
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Durham family members agree to settle trustee claims

November 8, 2013
Attorneys for the Fair Finance trustee said Tim Durham's ex-wife, Joan SerVaas, has agreed to pay $100,000 and Bernard Durham, his adopted son, $10,000 to settle a lawsuit charging they accepted nearly $300,000 from the disgraced financier.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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