Banks

Old National improves first-quarter performance

April 26, 2010
 IBJ Staff
Evansville-based Old National Bancorp on Monday reported a first-quarter profit of $10.1 million, up 84 percent from the prior-year period and a big improvement from the fourth quarter of 2009, when the company posted a loss of $9.3 million.
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A new real estate crisis could wreck recoveryRestricted Content

April 24, 2010
Greg Andrews
Borrowers may not be able to refinance many of the more than $1.4 trillion in commercial real estate mortgages coming due by the end of 2014.
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PNC Financial's quarterly profit falls on bailout repayment

April 22, 2010
 IBJ Staff and Associated Press
PNC Bank has about 80 bank branches and 1,100 employees in the Indianapolis area, all doing business under the National City name.
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Huntington Bancshares reports first profit since 2008

April 21, 2010
 IBJ Staff and Bloomberg News
Huntington National Bank, a subsidiary of Huntington Bancshares, operates nearly 50 branches and has about 600 employees in the Indianapolis area.
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Answer to Murat's naming-rights fight likely to be found in lease

March 30, 2010
Kathleen McLaughlin
The Murat Temple Association, a Shriners affiliate that owns the iconic building, is suing Live Nation and Old National Bank over a naming-rights deal announced March 16.
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Indiana Legislature approves mortgage certification program

March 20, 2010
 IBJ Staff
Rating system will help homebuyers avoid the risks of borrowing.
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Community banks face fight of their lives against big players

March 13, 2010
Peter Schnitzler
Small, community banks will bet on their strength in customer service, and large banks will offer business customers lower costs.
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Many banks cutting dividends to merely a pennyRestricted Content

March 13, 2010
Greg Andrews
Banks used to take pride in having long records of increasing dividends. Now, about all most can say is they still pay one.
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Banking reforms may bite weakest institutionsRestricted Content

March 13, 2010
Peter Schnitzler
Indiana banks soon might have to pay the state as much as $300 million in new fees for deposit insurance at a time the industry is experiencing its deepest woes in decades.
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First Internet Bank suffers first loss since 2000

March 1, 2010
Peter Schnitzler
Problem loans led to a $2.1 million loss for the Web-based financial company in 2009.
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PNC to pay back bailout money, sell division

February 3, 2010
 IBJ Staff and Associated Press
PNC, which operates dozens of bank branches in the Indianapolis area under the National City name, is selling its global investment servicing business to Bank of New York Mellon Corp. for $2.3 billion.
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Magazine ranks Old National Bank among nation's strongest performersRestricted Content

January 23, 2010
 IBJ Staff

Forbes magazine has named Evansville-based Old National Bank the nation’s 18th-best-performing bank.

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PNC profit rises despite growing loan losses

January 21, 2010
Associated Press
The bank's $1.01 billion in profit and its $5.08 billion in revenue were better than analysts expected.
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Banks gobble TARP money, suffer losses

January 3, 2014
Peter Schnitzler
The housing meltdown and recession gave banks in Indiana and across the nation their biggest test in decades.
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Indiana banker meets with Obama, Geithner

December 23, 2009
Peter Schnitzler
Mark Schroeder, CEO of Jasper-based German American Bancorp, was one of just 12 community bankers who talked shop Tuesday with the president and Treasury secretary.
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Former Huntington National Bank exec alleges age discriminationRestricted Content

November 28, 2009
Peter Schnitzler
Michael Lewis, 53, filed a complaint with the Indianapolis office of the U.S. Equal Employment Opportunity Commission Aug. 13 and sued Huntington Oct. 15 in Marion Superior Court.
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Some observers fear return of rising prices, stagnant growthRestricted Content

November 21, 2009
Peter Schnitzler
In the 1970s, stagflation—the unprecedented combination of stagnant economic growth and inflation—threatened to ruin financial institutions. Now some fear it might make a return.
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NatCity name to remain at local branches until early 2010

November 16, 2009
 IBJ Staff
Pittsburgh-based PNC Financial Services Group Inc. has converted 240 former National City Bank branches to their new identity, but the 77 Indianapolis-area locations will keep the old brand for a bit longer.
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Indiana bank CEOs get bigger pay hike than peers

November 14, 2009
 IBJ Staff
For banks, the last two years have been among the most tumultuous in history. Financial institution CEOs across the country responded by trimming their raises in 2009. But in Indiana, bank chiefs didn’t follow form.
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Huntington National Bank's assets fell because partnership ended

November 7, 2009
 IBJ Staff
Last week’s front-page story “Shuffling the deck” pointed out the significant gains midsize banks have made in the Indianapolis market over the last year. The one glaring exception was Columbus, Ohio-based Huntington National Bank, which had lost $56.3 million in local deposits as of June 30, according to the FDIC. A closer look explains why.
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Loan losses contribute to First Internet's poor earnings

November 4, 2009
Indianapolis-based First Internet Bancorp on Wednesday said it lost $208,806 in the third quarter, as loan losses continued to increase.
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Blue River posts loss on poor loan climate

November 4, 2009
Shelbyville-based Blue River Bancshares Inc. on Tuesday night said mounting loan losses contributed to a third-quarter loss of $356,000.
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First Merchants posts quarterly loss on bad loans

November 2, 2009
Muncie-based First Merchants Corp. said Monday afternoon that loan charge-offs contributed to a loss of $6.4 million in the third quarter.
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Old National reports earnings well below expectations

October 26, 2009
 IBJ Staff
Evansville-based Old National Bancorp on Monday morning reported a third-quarter profit of $4 million, or 6 cents per diluted share, missing consensus analyst expectations by about 5 cents per share.
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First Financial gets sweet deal on Irwin Financial's bank assetsRestricted Content

October 24, 2009
Greg Andrews
It’s good to be among the favored few, those blessed by the Federal Deposit Insurance Corp. to scoop up the remnants of failed banks. Because it was on the FDIC list of approved buyers, Cincinnati-based First Financial Bancorp was able to acquire Columbus, Ind.-based Irwin Financial Corp.’s banking operations under terms that would make any deal-maker proud.
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