Banks

Old National acquiring Monroe Bancorp for $83.5M

October 6, 2010
Scott Olson
Monroe Bancorp subsidiary Monroe Bank is the largest bank headquartered in Bloomington. With nearly $850 million in assets, it has 15 branches in central and south central Indiana, including locations in Noblesville and Avon.
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German American Bancorp acquires Bank of Evansville

October 5, 2010
American Community Bancorp Inc.'s subsidiary bank, Bank of Evansville, will become part of Jasper-based German American Bancorp Inc. in a deal valued at nearly $30 million.
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LEADING QUESTIONS: Regional M&I prez buzzes on banking

September 29, 2010
Mason King
LQ_Rick_watchvideoMarathoner, mountain climber and career changer Reagan Rick approaches his work in finance with high energy and a lofty perspective. He discusses the thin air in today's lending environment.
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Warsaw bank jumps into Hamilton County frayRestricted Content

September 18, 2010
Francesca Jarosz
Lake City Bank dipped its toe in the Indianapolis market in 2006 with a loan-production office and now has bigger ambitions.
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JPMorgan Chase sues to foreclose on Durham mansion

September 17, 2010
Greg Andrews
The bank says Durham stopped making the required $18,329 monthly payments on the 30-year mortgage this spring.
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Failed bid to take Emmis private costing millions

September 16, 2010
Scott Olson
Emmis 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.
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Bank suing Estridge Cos. for securities fraud

September 16, 2010
Scott Olson
Bank 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.
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Business 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.
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Judge rules Murat Centre can keep new name

August 20, 2010
 IBJ Staff
A 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.
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Bank 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.
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HICKS: What silly bands say about the value of things

August 7, 2010
Mike Hicks
There 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.
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First 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.
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Small business lending measure clears filibuster

July 23, 2010
Associated Press
Community banks may soon be able tap a $30 billion government fund to help them increase lending to small businesses.
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Integra 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.
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Secondary lender sues Chase over fire sale

July 8, 2010
Kathleen McLaughlin
Indiana Community Business Credit Corp. alleges breach of contract after JP Morgan Chase auctioned off assets of American Sentry Guard of Greenwood.
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Farmers 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.
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Former 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.
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Appraisers have little to go on in tough deal market

July 6, 2010
Tom Harton
Until the market stabilizes, appraisers will be operating in an environment where 20 to 50 percent drops in property values aren’t uncommon.
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For PNC, there's much riding on smooth transition

June 10, 2010
Peter Schnitzler
Pittsburgh-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.
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Battered banks don't see light at end of tunnelRestricted Content

May 29, 2010
Greg Andrews
Credit problems continue to bedevil banks big and small, many of them caused by soured commercial real estate loans.
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Business 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.
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New collateral rules for Indiana deposits may favor big banks

May 22, 2010
Peter Schnitzler
New state rules designed to protect government cash from bank failures might have an unintended consequence: helping the biggest banks and hurting the smallest.
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Lender wants Hansen & Horn receivership terminated

May 6, 2010
Scott Olson
Salin 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.
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Report: Examiners failed to curb risky lending at Irwin Union

May 5, 2010
 IBJ Staff and Bloomberg News
The 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.
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First 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.
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