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Banks
Warsaw bank jumps into Hamilton County fray
September 18, 2010
Francesca JaroszLake City Bank dipped its toe in the Indianapolis market in 2006 with a loan-production office and now has bigger ambitions.
MoreJPMorgan Chase sues to foreclose on Durham mansion
September 17, 2010
Greg AndrewsThe bank says Durham stopped making the required $18,329 monthly payments on the 30-year mortgage this spring.
MoreFailed bid to take Emmis private costing millions
September 16, 2010
Scott OlsonEmmis CEO Jeff Smulyan's JS Acquisition LLC has racked up takeover expenses of $10.2 million, a figure that's sure
to escalate now that JS Acquisition is suing its one-time financier for backing out of the deal.
MoreBank suing Estridge Cos. for securities fraud
September 16, 2010
Scott OlsonBank of Indiana files complaint against the home builder, alleging it failed to repay a $1 million investment due June 30.
The complaint further accuses law firm Krieg DeVault LLP of malpractice and breach of fiduciary duty.
MoreBusiness bank reports second-quarter loss
September 7, 2010
Indiana Business Bank's restructuring of a real estate loan leads to loss of $484,678 in the second quarter.
MoreJudge rules Murat Centre can keep new name
August 20, 2010
IBJ StaffA naming-rights lawsuit brought by The Murat Temple Association against California-based event promoter Live Nation and Evansville-based
Old National Bank has been dismissed.
MoreBank On Indy initiative nearing first-year goal
August 19, 2010
Program that aims to reach local population without bank accounts so far has helped more than 7,500 people open an account.
MoreHICKS: What silly bands say about the value of things
August 7, 2010
Mike HicksThere are economic lessons here. The most important is that the value of things is necessarily determined by what is known
in econo-jargon as utility.
MoreFirst Internet Bank reports strong second quarter
July 29, 2010
Fewer loan losses and an increase in net-interest income help the bank post one of its biggest quarterly profits in company
history.
MoreSmall business lending measure clears filibuster
July 23, 2010
Associated PressCommunity banks may soon be able tap a $30 billion government fund to help them increase lending to small businesses.
MoreIntegra Bank unloads five Kentucky branches
July 23, 2010
Transaction is part of Evansville-based Integra's plan to narrow its geographic footprint, CEO Michael J. Alley said. The
bank has 59 branches in Indiana, Kentucky, Illinois and Ohio.
MoreSecondary lender sues Chase over fire sale
July 8, 2010
Kathleen McLaughlinIndiana Community Business Credit Corp. alleges breach of contract after JP Morgan Chase auctioned off assets of American
Sentry Guard of Greenwood.
MoreFarmers Bank opening two branches in Hamilton County
July 7, 2010
Frankfort-based bank plans to open locations in Fishers and Noblesville as part of its plan to expand its presence in Hamilton
County.
MoreFormer loan officer charged with falsifying documents
July 6, 2010
Prosecutors say Robert Tolle falsified a construction progress inspection report while at Old National Bank. He faces a maximum
30-year prison sentence and $1 million fine.
MoreAppraisers have little to go on in tough deal market
July 6, 2010
Tom HartonUntil the market stabilizes, appraisers will be operating in an environment where 20 to 50 percent drops in property values
aren’t uncommon.
MoreFor PNC, there's much riding on smooth transition
June 10, 2010
Peter SchnitzlerPittsburgh-based bank starts converting former National City operations in central Indiana to its brand this weekend. But
any snags could create
opportunities for competitors to pounce on customers.
MoreBattered banks don't see light at end of tunnel
May 29, 2010
Greg AndrewsCredit problems continue to bedevil banks big and small, many of them caused by soured commercial real estate loans.
MoreBusiness bank reports first-quarter loss
May 25, 2010
Indiana Business Bancorp lost $519,043 in the first quarter compared with a profit of $32,252 during the same period a year
ago.
MoreNew collateral rules for Indiana deposits may favor big banks
May 22, 2010
Peter SchnitzlerNew state rules designed to protect government cash from bank failures might have an unintended consequence: helping the biggest
banks and hurting the smallest.
MoreLender wants Hansen & Horn receivership terminated
May 6, 2010
Scott OlsonSalin Bank argues that it wants to "control its own destiny" by selling 49 lots the homebuilder defaulted on rather
than have court-appointed receiver coordinate the sale.
MoreReport: Examiners failed to curb risky lending at Irwin Union
May 5, 2010
IBJ Staff and Bloomberg NewsThe now-defunct Irwin Union Bank and Trust almost tripled in size from 2000 to 2005 as it extended credit to subprime mortgage
borrowers with insufficient collateral.
MoreFirst Internet Bank profitable in first quarter
April 26, 2010
The Indianapolis-based parent company of First Internet Bank of Indiana said on Monday that it earned $2.2 million in the
first quarter, compared with a loss during the same time frame last year.
MoreOld National improves first-quarter performance
April 26, 2010
IBJ StaffEvansville-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.
MoreA new real estate crisis could wreck recovery
April 24, 2010
Greg AndrewsBorrowers 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.
MorePNC Financial's quarterly profit falls on bailout repayment
April 22, 2010
IBJ Staff and Associated PressPNC 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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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.