Banks

Smulyan says Emmis ready 'to go back on offensive'Restricted Content

June 25, 2011
Greg Andrews
Emmis' 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.
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Effort to save minority car dealer lands Bill Mays in ditchRestricted Content

June 11, 2011
Greg Andrews
PNC 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.
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East-side Ramada fetches $1.3M in online auction

June 10, 2011
Maria LaMagna
It'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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Renaissance Bay heads for sheriff's sale

June 7, 2011
Cory Schouten
A $150 million project that slammed head-first into the recession is slated for a sheriff's sale later this month.
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WOJTOWICZ: Relief available for firms with falling real estate values

June 3, 2011
Jean Wojtowicz
New law allows banks to refinance existing real estate and equipment debt through the U.S. Small Business Administration 504 loan program.
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Merrillville-based bank targets Carmel

May 24, 2011
 IBJ Staff
Centier Bank, a financial firm with 45 branches in northwest Indiana, has opened a business banking office in Carmel and is considering future expansion in the Indianapolis-area market.
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SHEPHERD: Credit cards hurting too many businessesRestricted Content

May 21, 2011
Connie Shepherd
Expensive personal credit undermines credit scores and ultimately the odds of more traditional lending.
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Regional banks targeting midsize companies in IndianaRestricted Content

May 21, 2011
Scott Olson
Improved economy, loosening credit standards are driving increased lending.
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Credit unions gun for more traditional bank business

May 21, 2011
Francesca Jarosz
A push by credit unions for more leeway with small-business lending is fueling an old fight with their banking rivals.
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Grameen Bank to open Indianapolis branch

May 21, 2011
 IBJ Staff
City would become third U.S. location for lender that makes small business microloans to the poor.
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Northwest-side medical building facing foreclosure

May 12, 2011
The operator of the building at 8424 Naab Road near St. Vincent Hospital is accused of owing an Illinois investment firm $4 million.
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SKARBECK: Getting a banker's thoughts on financial reform effortsRestricted Content

May 7, 2011
Ken Skarbeck
Dimon believes boards and regulators “are more attentive to risk” now—a duty that was sadly trumped by greed and indifference in the years leading up to the credit crisis.
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East-side apartment complex facing foreclosure

May 5, 2011
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East 38th Street and North Franklin Road.
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Statehouse fight continues over bank-insurance fund

April 19, 2011
Francesca Jarosz
Indiana lawmakers likely will avoid tapping an obscure bank-insurance fund to help bolster state coffers, but bankers may not survive the battle completely unscathed.
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Bank seeks foreclosure on two strip centers

April 8, 2011
First Financial Bank in Ohio is asking a Marion Superior Court judge to appoint a receiver for Woodland Shops on the city's northwest side and Lakewood Shops on the northeast side.
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Residential developer declares bankruptcy

April 6, 2011
Scott Olson
John Swinehart, a former executive of Bruce Gunstra Builders Inc. who was involved in the Monon on Main project in Carmel, is seeking Chapter 7 bankruptcy protection. He lists liabilities of $8.3 million.
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Local banks see small-business lending surging

April 4, 2011
J.K. Wall
Chase and Fifth Third of Indiana saw 57-percent and 56-percent spikes, respectively, in loans to state businesses last year. They forecast similar growth this year.
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HICKS: Debt a bigger problem than who bought itRestricted Content

March 26, 2011
Mike Hicks
purchasing our debt and being our banker are different matters altogether.
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Northeast-side office building falls into foreclosure

March 18, 2011
The 83,653-square-foot office building at 6666 E. 75th St. near Binford Boulevard and Interstate 465, is known as Heritage Park II. It is only 55-percent occupied.
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SOOFI: Islamic finance edging into ever-larger dealsRestricted Content

March 12, 2011
Asset-laden institutions sidestepped financial crisis.
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Regulatory overload is community banks' next big hurdle

March 12, 2011
Francesca Jarosz
Banks across Indiana are preparing for a deluge of new regulations that will cut into their bottom lines, make their businesses more complex and, in some cases, force them to consolidate.
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Northeast-side office building target of foreclosure

March 8, 2011
Scott Olson
Owners of the nearly 40,000-square-foot office complex near East 71st Street and Binford Boulevard have defaulted on a $3 million bank note, according to court documents.
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First Internet Bancorp reports record annual profit

February 25, 2011
The parent of First Internet Bank earned $4.9 million in 2010 compared with a loss of $2.1 million the previous year.
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House GOP budget spares bank insurance fund

February 22, 2011
J.K. Wall
Indiana bankers are relieved House Republicans decided to spare a bank insurance fund from being raided to plug holes elsewhere in the state’s finances, but they're not done lobbying against the idea.
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Old National-Monroe merger costing 59 jobs

February 17, 2011
 IBJ Staff
Almost 60 employees of Old National Bank and Monroe Bank are losing their jobs as the financial institutions combine their operations.
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  1. So as I read this the one question that continues to come to me to ask is. Didn't Indiana only have a couple of exchanges for people to opt into which were very high because we really didn't want to expect the plan. So was this study done during that time and if so then I can understand these numbers. I also understand that we have now opened up for more options for hoosiers to choose from. Please correct if I'm wrong and if I'm not why was this not part of the story so that true overview could be taken away and not just parts of it to continue this negative tone against the ACA. I look forward to the clarity.

  2. It's really very simple. All forms of transportation are subsidized. All of them. Your tax money already goes toward every single form of transportation in the state. It is not a bad thing to put tax money toward mass transit. The state spends over 1,000,000,000 (yes billion) on roadway expansions and maintenance every single year. If you want to cry foul over anything cry foul over the overbuilding of highways which only serve people who can afford their own automobile.

  3. So instead of subsidizing a project with a market-driven scope, you suggest we subsidize a project that is way out of line with anything that can be economically sustainable just so we can have a better-looking skyline?

  4. Downtowner, if Cummins isn't getting expedited permitting and tax breaks to "do what they do", then I'd be happy with letting the market decide. But that isn't the case, is it?

  5. Patty, this commuter line provides a way for workers (willing to work lower wages) to get from Marion county to Hamilton county. These people are running your restaurants, hotels, hospitals, and retail stores. I don't see a lot of residents of Carmel working these jobs.

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