Banks

Settlement allows Broadbent to keep downtown HQ

September 28, 2012
Scott Olson
The Indianapolis developer will continue to own its corporate headquarters at 117 E. Washington St. after reaching a settlement with two banks that had filed a lawsuit to foreclose on the building.
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Basketball legend Robertson target of bank’s lawsuit

September 19, 2012
Scott Olson
Oscar Robertson's money troubles in Ohio have been well documented lately. But in his hometown of Indianapolis, he's trying to convince a judge that he's not responsible for a $203,000 bank loan.
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Bernanke's speech at Economic Club a coup for city

September 17, 2012
Scott Olson
The chairman of the Federal Reserve is scheduled to speak at the Economic Club of Indiana's Oct. 1 meeting, an event that should put Indianapolis in the national spotlight given the Fed's recent and controversial decision to try to stimulate the economy.
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Rising gas prices put a crimp in Americans' spending

September 16, 2012
Associated Press
The Federal Reserve this week took steps to boost economic growth. But those stimulus measures are also pushing oil prices up. If gas prices follow, consumers will have less money to spend elsewhere.
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Banker takes stage as choir conductorRestricted Content

September 8, 2012
BMO Harris executive vice president will lead Indianapolis Symphonic Choir season debut.
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North-side office building falls into foreclosure

August 27, 2012
A nearly 100,000-square-foot office building on East 46th Street in Indianapolis is in foreclosure after lenders found the owner in default on a $4.5 million loan. A hearing to appoint a receiver to manage the property has been set for Sept. 5.
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Old National to close nine branches in Indianapolis area

August 16, 2012
J.K. Wall
Evansville-based Old National Bank will close nine Indianapolis-area branches near the end of the year and consolidate them into nearby branches in a move to streamline its operations.
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National, state foreclosure starts on the rise

August 9, 2012
Bloomberg News, Associated Press
The number of homes that received an initial notice of default — the first step in the foreclosure process — increased 6 percent in July compared to the same month last year. Foreclosure starts rose 83 percent in Indiana.
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KeyCorp's big bet on Indianapolis paying offRestricted Content

August 4, 2012
Greg Andrews
Over the last three years, Key has invested millions to add 13 central Indiana branches, bringing the total to 46.
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RENNINGER: Community bankers fret a lot these daysRestricted Content

August 4, 2012
Mike Renninger / Special to IBJ
Several strong headwinds make future viability of many smaller institutions a questionable proposition.
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Some banks beginning to raise dividendsRestricted Content

August 4, 2012
Scott Olson
Some of the most telling signs that banks finally may be recovering from the economic downturn are their decisions to begin increasing dividends.
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Old National reports higher profit, revenue

July 30, 2012
Loan growth in the consumer and real estate sectors helped Evansville-based Old National Bancorp report higher profit and revenue in the second quarter, the company said Monday morning.
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Treasury gives TARP banks more time to consider their optionsRestricted Content

July 28, 2012
Banks now have until October to avoid having preferred shares auctioned by federal government.
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Six banks that owe Treasury walk TARP tightropeRestricted Content

July 21, 2012
Kathleen McLaughlin
Six of the 17 Indiana banks that relied on the federal government to shore up their balance sheets in the recession have yet to repay, and the U.S. Treasury isn’t going to wait forever.
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First Internet Bancorp reports higher earnings

July 19, 2012
First Internet Bancorp, parent of Indianapolis-based First Internet Bank, said Thursday that profit rose 55 percent in the second quarter compared with the year-ago period.
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PNC earnings sink on soured home mortgages

July 18, 2012
Associated Press
PNC Financial Services Group Inc. said Wednesday its second-quarter net income shrank 41 percent, as the bank set aside hundreds of millions of dollars to buy back home mortgages.
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Regional investing conference heavy on Indiana banksRestricted Content

July 14, 2012
Event organizers say Wall Street isn't the only place to drum up interest in stocks.
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Old National names ex-Indiana chief justice as director

July 9, 2012
Associated Press
Old National Bancorp has appointed former Indiana Chief Justice Randall Shepard to its board of directors.
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Heartland Bancshares approves acquisition by HorizonRestricted Content

July 7, 2012
The deal, effective July 17, will give the Michigan City bank its first presence in Central Indiana.
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Bank of Montreal targets Midwest, Indy for growth

June 26, 2012
 IBJ Staff and Bloomberg News
Bank 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.
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AUDIO: Wiretaps capture Durham, co-defendants scrambling

June 15, 2012
Greg Andrews, Mason King, Cory Schouten
Durham wiretap audio video
                           iconA 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.
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MainSource Bank snags prime former Borders space

June 6, 2012
Cory Schouten
MainSource 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.
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South-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.
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Greenwood sues bank to collect $917,000 letter of credit

May 18, 2012
J.K. Wall
The 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.
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JPMorgan Chase takes fire for 'hedge,' $2 billion loss

May 12, 2012
Associated Press
More 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.
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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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