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Banks
Spate of banking mergers may be just the beginning
May 18, 2013
Greg AndrewsFirst 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.
MoreFirst Merchants' deal to make it state's second-biggest bank
May 13, 2013
Greg AndrewsThe acquisition of CFS Bancorp Inc. will increase First Merchants' assets to $5.4 billion and leave it with nearly 100
offices.
MoreFARRA: Don't expect big dividends from banks anytime soon
May 11, 2013
George Farra / Special to IBJBanks will not return to their status as reliable sources of shareholder dividends for three years or longer.
MoreRuling keeps church ensnared in life insurance nightmare
May 11, 2013
Greg AndrewsA 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.
MoreMerchants, Citizens Bank to merge
May 9, 2013
Chris O'MalleyShareholders in Carmel-based Merchants will receive stock that was valued at $98.3 million before the announcement of the
deal caused a huge spike.
MoreBanks scale back real estate needs as transactions shift online
April 23, 2013
Scott OlsonAfter zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level
since 2006.
MoreFirst Internet earnings surge on commercial loan growth
April 19, 2013
IBJ StaffThe Indianapolis-based bank's commercial loan portfolio grew to $109.1 million, a rise of 62 percent compared with the first
quarter of 2012. Commercial real estate loans rose 46 percent.
MoreBank of Indiana parent files Chapter 11, to sell branches
April 10, 2013
Chris O'MalleyThe bankruptcy of Bank of Indiana's parent and the planned sale of its branches bring to a close management's quest
to turn around an institution that was buffeted by borrower defaults during the financial crisis.
MoreBank foreclosing on former charter school property
February 25, 2013
Old National Bank is suing the operator of charter school that closed last summer in Indianapolis, claiming it failed to pay
off the $1.8 million balance on its mortgage.
MoreUPDATE: First Internet slips 2.5 percent in debut on NASDAQ
February 22, 2013
Shares of the Indianapolis-based bank finished their first day on the NASDAQ exchange at $28.50, a 75-cent drop from their
opening price. The stock had been listed on the thinly traded over-the-counter market.
MoreFirst Internet plans 48 jobs in $4.3M Fishers office
February 19, 2013
Scott OlsonThe $4.3 million expansion will go toward purchasing and refurbishing a building near Interstate 69 and 116th Street that
formerly housed the St. Vincent Health medical center.
MoreOld National's earnings highest since 2002
January 28, 2013
Kathleen McLaughlinOld National Bancorp's earnings rose 26 percent in 2012, to $91.7 million, its greatest since 2002, the Evansville-based
company announced Monday morning.
MoreOld National buying 24 branches from Bank of America
January 9, 2013
Bloomberg NewsBank of America Corp. plans to sell 24 branches in northern Indiana and southwest Michigan with about $779 million in deposits
to Old National Bancorp.
MoreU.S. banks to pay $8.5B in mortgage settlement
January 8, 2013
Associated PressHundreds of thousands of Americans stand to benefit from the latest mortgage-abuse settlement, but consumer advocates say
U.S. banks may be getting the best of the deal.
MorePROXY CORNER: Horizon Bancorp
January 5, 2013
IBJ StaffHorizon Bancorp, 515 Franklin Square, Michigan City, Ind. 46360, operates as Horizon Bank and Heartland Community Bank.
MoreDeveloper loses fraud appeal
December 28, 2012
Scott OlsonThe Indiana Court of Appeals affirmed Christopher White's 2009 conviction, resulting from a $500,000 bad check he wrote as
he tried to save his real estate development firm.
MoreWomen’s physician building targeted for foreclosure
December 21, 2012
A lawsuit from the lender claims that Women's Physician Group still owes $8.7 million on a $9 million loan it received for
a northwest-side building.
MoreIndiana SBA lending drops in 2012, but still exceeds 2010
December 8, 2012
Indiana businesses borrowed $424.7 million through U.S. Small Business Administration programs in 2012, an 18-percent decline
from 2011, latest SBA statistics show.
MoreFirst Internet Bancorp seeking to list on NASDAQ
December 5, 2012
Scott OlsonThe Indianapolis-based company said it has filed with the Securities and Exchange Commission to make the move from the over-the-counter
board to the more active NASDAQ exchange.
MoreChurch's fate in judge's hands after insurance scheme sours
November 28, 2012
Cory SchoutenA federal judge will determine whether an Anderson church can exit bankruptcy with a lighter debt load, over objections from
its bank lender, after a church scheme to profit by selling life insurance on its elderly members failed.
MoreState going after underwriter of $5M Estridge offering
October 20, 2012
Greg AndrewsThe regulatory action is an outgrowth of a falling-out between Indiana Securities owner Frank Neese and Bank of Indiana, which
lost its entire $1 million investment when The Estridge Cos. collapsed.
MoreBanks eager to loan, but small firms hold back
October 13, 2012
Kathleen McLaughlinIndiana banks can tout more success in small-business lending since the recession ended, but the success is hard-won because
the masses of entrepreneurs remain cautious about borrowing.
MoreRetailers await decision on $7.2B 'swipe-fee' settlement
October 13, 2012
Scott OlsonIn what could be the largest antitrust settlement in U.S. history, the agreement would resolve dozens of lawsuits filed by
retailers against Visa Inc., MasterCard Inc. and the banks that issue their credit cards.
MoreMany banks still digging out from Great Recession trauma
October 13, 2012
The following statistics reflect performance of the 10 banks with the largest market shares in the Indianapolis Metropolitan
Statistical Area.
MoreBanks' market rankings stable despite deposit shifts
October 13, 2012
IBJ StaffBMO Harris and PNC lost some deposits, but the biggest local banks by market share remained the same.
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.