Banks
Feds take over SCB Bank in Shelbyville
February 11, 2012
IBJ Staff and Associated PressMuncie-based First Merchants Bank will assume the deposits and some of the loans of SCB, the third Hoosier bank to fail since
the banking crisis began three years ago.
MoreMerger to give northwest Indiana bank local foothold
February 10, 2012
Kathleen McLaughlinHorizon Bancorp of Michigan City announced Friday that it has agreed to acquire Heartland Community Bank of Franklin for about
$14 million, or $9.72 per share.
More13K Indiana foreclosure victims to get $2K checks
February 9, 2012
Associated PressIndiana homeowners will receive about $43 million in refinanced loans while other borrowers will get $30 million worth of
loan-term modifications and other relief as part of a $25 billion nationwide settlement with the country's biggest mortgage
lenders.
MoreSale of storied bank reflects industry's difficult times
February 4, 2012
Greg AndrewsJohn Keach Jr., the third generation of his family to lead Indiana Bank & Trust, looked into the future and wondered how—given
the lackluster economy and increasing costs for everything from employee benefits to regulatory compliance—it would
generate robust earnings growth.
MoreOld National buying Indiana Community for $79M
January 25, 2012
J.K. WallEvansville-based Old National will absorb 20 Indiana Community branches, including three on the southern edge of Indianapolis.
Indiana Community Bank & Trust has nearly $985 million in assets.
MorePNC's Stitle to chair Central Indiana Business Hall of Fame event
December 31, 2011
IBJ StaffThe event honors men and women who epitomize success in the business world.
MoreSalin Bank President Kit Stolen resigns
December 12, 2011
Greg AndrewsAlvin “Kit” Stolen joined the Indianapolis-based bank in August 2009 with big plans to boost its presence in the
center of the state. The major expansion didn't materialize.
MoreBond banks in Indiana, other states boost sales
November 30, 2011
IBJ Staff and Bloomberg NewsState municipal-bond banks in Indiana, Vermont, Maine and New Hampshire plan to issue about $190 million in debt this week,
as smaller communities seek to take advantage of 10-year interest rates near a six-week low.
MoreFirst Financial aims to use Flagstar deal as springboard
November 26, 2011
Francesca JaroszA deal scheduled to close next month will give Cincinnati-based First Financial Bancorp the foothold it has long sought to
build a major presence in the Indianapolis market.
MoreShelbyville's SCB Bank scrambles for capital
November 19, 2011
Francesca JaroszA Shelbyville-based bank appears to have missed a federally mandated deadline for boosting its capital levels, a failure that
might put it at risk of government takeover.
MoreLocal business bank parent reports third-quarter profit
November 18, 2011
Indiana Business Bancorp attributed its profit of 9 cents per share to higher non-interest income a lower loan-loss provision
expense.
MoreDefault notices, home seizures climb in Indiana, nation
November 10, 2011
IBJ Staff and Bloomberg NewsIndiana outpaced the rest of the nation last month in the number of default notices sent to delinquent homeowners and the
amount of homes seized as U.S. foreclosure filings rose to a seven-month high.
MoreFarm-profit volatility boosting risk for lenders, economist says
November 9, 2011
Bloomberg NewsU.S. farmers face increased financial risk because of higher operating costs and volatile commodity prices, even as income
this year reaches a record, said Michael Boehlje, an economist at Purdue University.
MoreWest-side Godby building in foreclosure
November 7, 2011
Scott OlsonA building at 4701 Rockville Road, owned by local businessman Thomas Godby, is the target of a $2 million foreclosure suit
filed by Old National Bank. The building's tenants include Tony Stewart Racing Enterprises and Sara Fisher Racing LLC.
MoreCentier Bank opens Indianapolis-area loan production office
November 5, 2011
IBJ StaffThe Merrillville-based bank is testing the waters before launching a retail-banking presence.
MoreFirst Internet Bancorp reports lower quarterly profit
November 2, 2011
The company earned $765,000 for the period ended Sept. 30, compared with $1 million in the year-ago period. First Internet
attributed the decline to the timing of gains from closed but not-yet-sold mortgages to the secondary market.
MoreOld National’s profit grows 41 percent
October 31, 2011
The Evansville-based financial services holding company reported third-quarter profit of $16.8 million. Earnings would have
been even better without expenses related to its purchase of Integra Bank.
MorePNC Financial's quarterly earnings tumble
October 19, 2011
Associated PressPNC Financial Services Group Inc., which has about 1,200 employees and 88 branches in the Indianapolis area, made less money
from loans, deposits, fees and charges in the third quarter.
MoreBank directors feeling greater scrutiny
October 15, 2011
Francesca JaroszTough economy, regulations dampen interest in the positions.
MoreBank to report loss on sour Indianapolis loans
October 6, 2011
Columbus-based Indiana Community Bancorp, parent of Indiana Bank & Trust, said it will write off $13.3 million for the third
quarter, primarily due to nine commercial customers in the Indianapolis area with total loan balances of $32.7 million.
MoreSuit says Irwin Union Bank execs missed snowballing risk
October 1, 2011
Greg AndrewsThe bankruptcy trustee's suit against the top three officers of the bank's parent seeks more than $500 million.
MoreFirst Financial singled out as growing company in troubled industry
September 17, 2011
IBJ StaffThe bank that took over operations of failed Irwin Union Bank of Columbus two years ago recently announced the purchase of
all 22 Flagstar Bank branches in Indiana.
MoreMortgage-default filings surge in Indiana, nation
September 15, 2011
Bloomberg NewsDefault notices sent to delinquent U.S. homeowners surged 33 percent in August from the previous month, a sign that lenders
are speeding up the foreclosure process. Indiana saw an increase of 46 percent, a bigger rise than every state except California.
MoreNational Bank of Indianapolis exec retiring
August 31, 2011
Philip B. Roby, who helped start the city's largest locally based bank, will retire at the end of the year.
MoreFirst Financial buying Flagstar's 22 Indiana branches
August 16, 2011
Greg AndrewsFirst Financial said the $23 million purchase gives it a rare opportunity to expand its presence in the Indianapolis metro
area at a time there are few acquisition targets available.
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Mike, I am confused by your message, what is it besides hiding behind a flag, a song, and a symbol. I am surpised you can find Indiana, you and your phony "Washington" outsider mentality. You are a legend in your own mind, come and see what it is like to work and live in this state. You are a lifelong politician, admit it and carry on.
Why not exclude all places that cater to the rich. Private clubs should not have rules: rules are for the serfs only. In fact, we should subsudize the private clubs, they should not pay property or sales taxes. You go rich and powerful, rules are not for you.
Poor little LadyJ! Typical Democommie. In case it got past you, the dems have totally screwed this country in the past 3+ years. We have a democommie in the White House who apparently never read the Constitution, while claiming to be a constitutional scholar. We had a democommie-controlled Congress (opposite of PROGRESS?)passing bills that "we'll have to pass before we know what's in it". This impostor president has violated the U. S. Constitution too many times to count. The Attorney General is a race-baiting gunrunner that refuses to stop illegal immigration. And, the head of NASA, a once-proud agency that put several men on the moon, is now our liason to the murderous Muslims. Great job, democommies! Sometimes I wish they really would try to take our guns.
Pat Bauer try t do right about the state but the Republican leader and all of them did not think of us. Only the money they will get from their rich corporation. Of Course the Democrats had union, so I won't vote for Bosma or whatever his name is.
Well you are talking about Republican, did all of the Damage in this state. Sure the Democrats did some but most is the Republican. The Republican set us back not going forward. Hurry passed bills won't listen to any amendment our way only. The Republicans drew up these district so they could win again. Which is a crying shame. I will not vote for any Republican and I got the list who voted for the RTW Bill and who didn't. Tired of the Republicans