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Banks
A pair of community banks see loan woes escalate
October 3, 2009
Greg AndrewsCommunity Bank of Noblesville and Blue River Bancshares Inc. of Shelbyville have seen loans sour
at a rate that might have seemed unimaginable before the housing market tanked and the recession set in.
MoreExterior work on bank tower wraps up with Regions sign
October 3, 2009
IBJ StaffThe Regions Bank name and logo are joining the city’s skyline atop One Indiana Square, also known as Regions Bank
Tower.
MoreBanks work to protect electronic records from identity theft
October 3, 2009
Peter SchnitzlerBanks are fighting an ongoing battle with would-be identity thieves. Because banks are where the money is, the fight is
likely to go on a long time, with both thieves and banks growing in sophistication.
MoreOld National prices offering at $10 per share
September 23, 2009
Scott OlsonEvansville-based Old National Bancorp said yesterday that it has priced its public offering of 18 million shares of company
stock at $10 per share.
MoreOld National selling stock to fund potential purchases
September 21, 2009
Scott OlsonEvansville-based Old National Bancorp said this morning that it is selling $150 million of its stock in a public offering
and will use some of the proceeds to fund potential acquisitions.
MoreIrwin Financial admits outlook dire
September 16, 2009
Greg AndrewsShares of Irwin Financial Corp. plummeted this morning after the banking company disclosed that regulators have ordered it
to bolster its capital by the end of the month to levels "it has no realistic prospect of achieving."
MoreRash of bank failures sure to spread to Indiana
September 5, 2009
Greg AndrewsNot a single Indiana bank has failed since the sector tanked last year. But Bob Jones, CEO of Old National Bancorp in Evansville,
figures it’s only a matter of time.
MoreVenture firms recapitalize Advanced Physical Therapy LLC
August 29, 2009
IBJ StaffLocally based venture capital firms Cardinal Equity Partners and Centerfield Capital Partners have joined with Chicago-based
bank Harris NA to recapitalize the state’s largest independent physical therapy provider.
MoreLocals settle First Indiana insider-trading case
August 24, 2009
Greg AndrewsThe Securities and Exchange Commission said today that it has settled insider-trading charges against three local residents
who bought shares in First Indiana Corp. immediately before the July 9, 2007, announcement that it was being acquired by a
Milwaukee bank for a 42-percent premium.
MoreBanks no longer in critical condition, but full recovery still distant
July 27, 2009
Scott OlsonThe banking sector is on the mend after being tattered by the financial crisis, but it still has a long way to go before
making a full recovery. That’s the consensus, judging from recent stock performances of the largest publicly
traded banks with a presence in Indianapolis.
MoreFinancial crisis yields opportunity for local banks
March 23, 2009
A national study finds that many community banks continue to prosper.
MoreBanking system's history should help ease fears
March 23, 2009
Ken SkarbeckSince people must have confidence in the financial system for it to function properly, it is incumbent upon our leaders to
take action and assure the people their money is safe.
MoreCrackdown on bank pay pinches Hoosier execs
February 23, 2009
Greg AndrewsWhen Sen. Chris Dodd decided to wage war on corporate excess, he had Wall Street fat cats in his sights, not people like Bob
Jones, the folksy CEO of Old National Corp. in Evansville.
MoreSmall Business Administration grants loans to Indy businesses
February 23, 2009
These businesses have received loans from financial institutions with a guarantee from the SBA.
MoreForeclosed properties create quandary for financial institutions
February 2, 2009
Cory SchoutenReal estate holdings of the nonbank-branch variety are growing fast on bank balance sheets.
MoreStitle: Bank's sale to PNC fuels 'burst of adrenaline'
December 15, 2008
Greg Andrews"I have no intention of retiring â?? now or ever," said Steve Stitle, CEO of National City Bank in Indiana, after the bank
was purchased by PNC Financial.
MoreGreensfork Township State Bank to acquire local startup that failed to live up to high hopes
November 24, 2008
Cory SchoutenA rural Indiana bank that specializes in farm lending has agreed to buy Symphony Bank for less than the ambitious startup
spent to build its extravagant branch on 96th Street.
MoreLean companies have best chance to survive
November 24, 2008
Jean WojtowiczMake your business look as attractive as possible to your banker because you are competing for financing with other small
businesses.
MoreNervous banks cut off some borrowers, tighten reins on others
October 6, 2008
Cory SchoutenLocal companies that rely on credit have seen their borrowing power shrink and in some cases disappear as a deep freeze in the nation's credit markets drives fears of a broad economic slowdown. A handful of businesses, including a Greenwood security firm and an Indianapolis contractor, already have shut down after credit dried up, and others are on the ropes as troubled banks seek to limit their loan exposure.
Lender claims M&I Plaza when it fails to sell at auction
June 30, 2008
Cory SchoutenA Maryland company has taken ownership of downtown's 28-story M&I Plaza just three months before a major tenant departure
leaves the skyscraper 70-percent vacant. The new owner is CapitalSource Inc., a commercial finance and investment firm based
in Chevy Chase, Md. It had been a lender to the former owner, which defaulted.
MoreFirst Indiana sells bank
December 31, 2007
Cory SchoutenIndiana's largest locally based bank, First Indiana Corp., decided to end 92 years of independence in 2007, agreeing in July
to sell itself to Milwaukee-based Marshall & Ilsley Corp. for $529 million in cash, or $32 a share.
MoreChase donating gifts it hopes will be noticed
July 23, 2007
Chris O'MalleyNot-for-profits that banked on consistent support from the banker down the street can no longer count on a tip of the top
hat, thanks to ever-larger mergers among institutions that have changed the dynamic of their charitable giving.
MoreBanks squeeze into Hamilton County
February 12, 2007
Cory SchoutenAt least 35 new bank branches have sprouted in Hamilton County in the last three years, and more are on the way. Familiar
names like Charter One and Chase have added eight and seven branches, respectively. Other institutions are entering the market.
MoreLocal sign makers enjoy brisk business thanks to bank mergers
January 15, 2007
Cory SchoutenBank mergers have proven lucrative for local sign companies over the years. A string of mergers in the late 1980s and early
1990s wiped out the city's three big national banks--American Fletcher, Merchants National and Indiana National. In the years
since, the industry has continued to consolidate, spawning a flurry of additional name changes.
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Doug Henning!
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Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.
I did not move to Zionsville to live in Carmel. This and the subsequent developments to follow will ensure a vanilla uniformity of strip malls and apartment buildings as we seek to bring our town down to the least common denominator. We were warned before recent elections that pro-development council members would make sure their friends (landowners and developers) would be able to make their millions off of the exploitation of Zionsville. Why in God's name would we sell out the best preserved small town in the State of Indiana?