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Banks
Bank of Montreal targets Midwest, Indy for growth
June 26, 2012
IBJ Staff and Bloomberg NewsBank of Montreal's 2011 acquisition of Marshall & Ilsley Corp. is finally helping it make in-roads in the U.S. Midwest. It
has identified five U.S. markets, including Indianapolis, where it aims to add new branches or make acquisitions.
MoreAUDIO: Wiretaps capture Durham, co-defendants scrambling
June 15, 2012
Greg Andrews, Mason King, Cory Schouten
A series of government-recorded phone calls have provided some of the most riveting courtroom moments during
the fraud trial of Tim Durham and two co-defendants.
MainSource Bank snags prime former Borders space
June 6, 2012
Cory SchoutenMainSource Bank plans to open its first Indianapolis branch in part of the former home of Borders at the southeast corner
of Meridian and Washington streets downtown.
MoreSouth-side medical office building in foreclosure
May 18, 2012
Munster-based Citizens Financial Bank claims the owner of the building at 1340 E. County Line Road owes $4.1 million on a
loan originating from 2002 and is seeking to have a court-appointed receiver manage the building's operations.
MoreGreenwood sues bank to collect $917,000 letter of credit
May 18, 2012
J.K. WallThe City of Greenwood says a Minnesota bank owes it more than $900,000 to pay for street and sewer improvements left undone
by the bankrupt developer of a mobile home park along U.S. 31.
MoreJPMorgan Chase takes fire for 'hedge,' $2 billion loss
May 12, 2012
Associated PressMore than three years after the financial industry almost collapsed, the colossal misfire has been cited as proof that big
banks still do not understand the threats posed by their own speculation.
MoreHundreds losing jobs at local Aurora Bank office
April 25, 2012
Scott OlsonThe bank said it will terminate all 450 employees at its office on the northeast side of Indianapolis as the troubled residential
mortgage servicing provider prepares to sell a large portion of its assets.
MoreEx-bank exec Alley to take over Indiana revenue office
April 13, 2012
IBJ Staff and Associated PressFormer Fifth Third Bank president Mike Alley will take over as the state's revenue commissioner. He'll replace John Eckart,
who resigned last week amid controversy over misplaced local option income taxes.
MoreALLEY: Where banks will find growth in the future
March 10, 2012
Mike Alley / Special to IBJDemographics, technology will reward winning institutions.
MoreSULLIVAN: New consumer agency could hinder economy
March 10, 2012
Charlene Sullivan / Special to IBJProtection must be balanced with allowing credit to flow
MoreDeveloper Broadbent loses fight to keep finances under wraps
March 7, 2012
Scott OlsonA newly public filing shows the co-founder of The Broadbent Co.'s net worth has fallen 60 percent, to $48 million.
MoreLocal PNC Bank exec joining law firm Krieg DeVault
February 29, 2012
Scott OlsonStephen A. Stitle will leave the bank to come aboard the law firm as a partner on May 1. Stitle has spent a combined 17 years
at PNC and National City Bank, which PNC purchased in 2008.
MoreBank seeks $2M from estate of London Witte Group founder
February 24, 2012
Scott OlsonThe estate of Richard J. Salewicz, who died in 2010, is named in the foreclosure suit that also targets Tyson Corp., the company
he owned on the southwest side of Indianapolis. Local accounting firm London Witte is not part of the court action.
MoreForeclosure sought for downtown's Century Building
February 15, 2012
Scott OlsonThe lender claims owner Blue Real Estate defaulted on an $8.5 million loan on the historic building after failing to make
payments beginning in July 2011.
MoreFirst Merchants shuns management from failed SCB Bank
February 13, 2012
Scott OlsonMuncie-based First Merchants Bank, which on Friday acquired significant loans and deposits held by SCB Bank in Shelbyville,
declined to bring the failed bank's CEO into the new ownership.
MoreFeds 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.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.