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Banks
Huntington Bancshares reports first profit since 2008
April 21, 2010
IBJ Staff and Bloomberg NewsHuntington National Bank, a subsidiary of Huntington Bancshares, operates nearly 50 branches and has about 600 employees in
the Indianapolis area.
MoreAnswer to Murat's naming-rights fight likely to be found in lease
March 30, 2010
Kathleen McLaughlinThe Murat Temple Association, a Shriners affiliate that owns the iconic building, is suing Live Nation and Old National Bank
over a naming-rights deal announced March 16.
MoreIndiana Legislature approves mortgage certification program
March 20, 2010
IBJ StaffRating system will help homebuyers avoid the risks of borrowing.
MoreCommunity banks face fight of their lives against big players
March 13, 2010
Peter SchnitzlerSmall, community banks will bet on their strength in customer service, and large banks will offer business customers lower
costs.
MoreMany banks cutting dividends to merely a penny
March 13, 2010
Greg AndrewsBanks used to take pride in having long records of increasing dividends. Now, about all most can say is they still pay one.
MoreBanking reforms may bite weakest institutions
March 13, 2010
Peter SchnitzlerIndiana banks soon might have to pay the state as much as $300 million in new fees for deposit insurance at a time the industry
is experiencing its deepest woes in decades.
MoreFirst Internet Bank suffers first loss since 2000
March 1, 2010
Peter SchnitzlerProblem loans led to a $2.1 million loss for the Web-based financial company in 2009.
MorePNC to pay back bailout money, sell division
February 3, 2010
IBJ Staff and Associated PressPNC, which operates dozens of bank branches in the Indianapolis area under the National City name, is selling its global investment
servicing business to Bank of New York Mellon Corp. for $2.3 billion.
MoreMagazine ranks Old National Bank among nation's strongest performers
January 23, 2010
IBJ StaffForbes magazine has named Evansville-based Old National Bank the nation’s 18th-best-performing bank.
PNC profit rises despite growing loan losses
January 21, 2010
Associated PressThe bank's $1.01 billion in profit and its $5.08 billion in revenue were better than analysts expected.
MoreBanks gobble TARP money, suffer losses
December 26, 2009
Peter SchnitzlerThe housing meltdown and recession gave banks in Indiana and across the nation their biggest test in decades.
MoreIndiana banker meets with Obama, Geithner
December 23, 2009
Peter SchnitzlerMark Schroeder, CEO of Jasper-based German American Bancorp, was one of just 12 community bankers who talked shop Tuesday
with the president and Treasury secretary.
MoreFormer Huntington National Bank exec alleges age discrimination
November 28, 2009
Peter SchnitzlerMichael Lewis, 53, filed a complaint with the Indianapolis office of the U.S. Equal Employment Opportunity
Commission Aug. 13 and sued Huntington Oct. 15 in Marion Superior Court.
MoreSome observers fear return of rising prices, stagnant growth
November 21, 2009
Peter SchnitzlerIn the 1970s, stagflation—the unprecedented combination of stagnant economic growth and inflation—threatened to
ruin financial institutions. Now some fear it might make a return.
MoreNatCity name to remain at local branches until early 2010
November 16, 2009
IBJ StaffPittsburgh-based PNC Financial Services Group Inc. has converted 240 former National City Bank branches to their new identity,
but the 77 Indianapolis-area locations will keep the old brand for a bit longer.
MoreIndiana bank CEOs get bigger pay hike than peers
November 14, 2009
IBJ StaffFor banks, the last two years have been among the most tumultuous in history. Financial institution CEOs across the country
responded by trimming their raises in 2009. But in Indiana, bank chiefs didn’t follow form.
MoreHuntington National Bank's assets fell because partnership ended
November 7, 2009
IBJ StaffLast week’s front-page story “Shuffling the deck” pointed out the significant gains midsize banks have
made in the Indianapolis market over the last year. The one glaring exception was Columbus, Ohio-based Huntington National
Bank, which had lost $56.3 million in local deposits as of June 30, according to the FDIC. A closer look explains
why.
MoreLoan losses contribute to First Internet's poor earnings
November 4, 2009
Indianapolis-based First Internet Bancorp on Wednesday said it lost $208,806 in the third quarter, as loan losses continued
to increase.
MoreBlue River posts loss on poor loan climate
November 4, 2009
Shelbyville-based Blue River Bancshares Inc. on Tuesday night said mounting loan losses contributed to a third-quarter loss
of $356,000.
MoreFirst Merchants posts quarterly loss on bad loans
November 2, 2009
Muncie-based First Merchants Corp. said Monday afternoon that loan charge-offs contributed to a loss of $6.4 million in the
third quarter.
MoreOld National reports earnings well below expectations
October 26, 2009
IBJ StaffEvansville-based Old National Bancorp on Monday morning reported a third-quarter profit of $4 million, or 6 cents per diluted
share, missing
consensus analyst expectations by about 5 cents per share.
MoreFirst Financial gets sweet deal on Irwin Financial's bank assets
October 24, 2009
Greg AndrewsIt’s good to be among the favored few, those blessed by the Federal Deposit Insurance Corp. to scoop up the remnants
of failed banks. Because it was on the FDIC list of approved buyers, Cincinnati-based First Financial Bancorp
was able to acquire Columbus, Ind.-based Irwin Financial Corp.’s banking operations under terms
that would make any deal-maker proud.
MoreLocal lenders support small-biz loan initiative
October 22, 2009
Scott OlsonSmall business lenders in Indianapolis are supporting a proposal announced by President Obama Wednesday that would increase
the size of government-backed loans.
MoreSecond developer facing foreclosure on Fishers property
October 20, 2009
Scott OlsonThe developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical
to the project's development has been scheduled for liquidation by a lender.
MoreFDIC fee hitting small banks particularly hard
October 3, 2009
Scott OlsonFees imposed on U.S. banks to rebuild a Federal Deposit Insurance Corp. fund nearly depleted by scores of bank failures is
expected to sap profits of small financial institutions. Community banks with less income than their larger counterparts are
particularly at risk of having their 2009 earnings erased by the charges after an emergency fee on banks took effect June
30.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.