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Banks
Local 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.
MoreFed to keep interest rate near zero for 2 years
August 9, 2011
Associated PressThe Federal Reserve said Tuesday that it will likely keep interest rates at record lows for the next two years after acknowledging
that the economy is weaker than it had thought and faces increasing risks.
MoreIndianapolis-based banks struggle to emerge from slump
August 6, 2011
Francesca JaroszIndiana regional banks and national institutions are faring better, a possible indication that Indianapolis' economy isn't
recovering as quickly as expected.
MoreIndiana banks continue quest for tax consistency
August 6, 2011
Scott OlsonLobby prepares new pitch for next legislative session.
MoreFair sues Shelbyville bank over sale of Durham Duesenberg
August 3, 2011
Greg AndrewsFair Finance Co.’s bankruptcy trustee sued Shelbyville’s SCB Bank this week, charging it refuses to turn over
hundreds of thousands of dollars it raised by auctioning off one of Tim Durham’s most valuable automobiles, a 1929 Duesenberg.
MoreCost cutting planned by Integra Bank's new owner
August 1, 2011
IBJ Staff and Associated PressOld National Bank President Bob Jones said an undetermined number of jobs will be eliminated, with the bulk of them being
branch managers and other management positions.
MorePNC Financial quarterly earnings top expectations
July 20, 2011
Associated PressPNC Financial, which has 88 Indianapolis-area branches, reported a nearly 13-percent increase in second-quarter earnings,
as the regional bank set aside far less money to cover bad loans.
MoreLender's suit says homebuilder owes $12.8M on loans
July 5, 2011
Scott OlsonM&I Bank filed the suit against J. Greg Allen, charging he defaulted on two loans he took out to buy 73 acres of land on the
northeast corner of Emerson Avenue and County Line Road on Indianapolis' south side.
MoreSmulyan says Emmis ready 'to go back on offensive'
June 25, 2011
Greg AndrewsEmmis' sale of two stations in Chicago and one in New York City will allow the company to chop more than $100 million
off its $331 million in long-term debt—clearing the way for it to arrange a refinancing under favorable terms.
MoreEffort to save minority car dealer lands Bill Mays in ditch
June 11, 2011
Greg AndrewsPNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million
loan he received in 2008 that has an unpaid balance of $2 million.
MoreEast-side Ramada fetches $1.3M in online auction
June 10, 2011
Maria LaMagnaIt's not yet clear who submitted the winning bid for the 188-room hotel, which is near Interstate 465 and Pendleton Pike.
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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.