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First Merchants' deal to make it state's second-biggest bank
May 13, 2013
Greg AndrewsThe acquisition of CFS Bancorp Inc. will increase First Merchants' assets to $5.4 billion and leave it with nearly 100
offices.
MoreBanks scale back real estate needs as transactions shift online
April 23, 2013
Scott OlsonAfter zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level
since 2006.
MoreBank of Indiana parent files Chapter 11, to sell branches
April 10, 2013
Chris O'MalleyThe bankruptcy of Bank of Indiana's parent and the planned sale of its branches bring to a close management's quest
to turn around an institution that was buffeted by borrower defaults during the financial crisis.
MoreMainSource making most of prime downtown spot
October 6, 2012
Part of former Borders bookstore space is marketing opportunity for Greensburg-based bank. The other half could be turned
into lobby for Barnes & Thornburg.
MoreOld National to close nine branches in Indianapolis area
August 16, 2012
J.K. WallEvansville-based Old National Bank will close nine Indianapolis-area branches near the end of the year and consolidate them
into nearby branches in a move to streamline its operations.
MoreHeartland Bancshares approves acquisition by Horizon
July 7, 2012
The deal, effective July 17, will give the Michigan City bank its first presence in Central Indiana.
MoreBank of Montreal targets Midwest, Indy for growth
June 26, 2012
IBJ Staff and Bloomberg NewsBank of Montreal's 2011 acquisition of Marshall & Ilsley Corp. is finally helping it make in-roads in the U.S. Midwest. It
has identified five U.S. markets, including Indianapolis, where it aims to add new branches or make acquisitions.
MoreMainSource Bank snags prime former Borders space
June 6, 2012
Cory SchoutenMainSource Bank plans to open its first Indianapolis branch in part of the former home of Borders at the southeast corner
of Meridian and Washington streets downtown.
MoreFirst Merchants shuns management from failed SCB Bank
February 13, 2012
Scott OlsonMuncie-based First Merchants Bank, which on Friday acquired significant loans and deposits held by SCB Bank in Shelbyville,
declined to bring the failed bank's CEO into the new ownership.
MoreSale of storied bank reflects industry's difficult times
February 4, 2012
Greg AndrewsJohn Keach Jr., the third generation of his family to lead Indiana Bank & Trust, looked into the future and wondered how—given
the lackluster economy and increasing costs for everything from employee benefits to regulatory compliance—it would
generate robust earnings growth.
MoreOld National buying Indiana Community for $79M
January 25, 2012
J.K. WallEvansville-based Old National will absorb 20 Indiana Community branches, including three on the southern edge of Indianapolis.
Indiana Community Bank & Trust has nearly $985 million in assets.
MoreSalin Bank President Kit Stolen resigns
December 12, 2011
Greg AndrewsAlvin “Kit” Stolen joined the Indianapolis-based bank in August 2009 with big plans to boost its presence in the
center of the state. The major expansion didn't materialize.
MoreCentier Bank opens Indianapolis-area loan production office
November 5, 2011
IBJ StaffThe Merrillville-based bank is testing the waters before launching a retail-banking presence.
MoreBank to report loss on sour Indianapolis loans
October 6, 2011
Columbus-based Indiana Community Bancorp, parent of Indiana Bank & Trust, said it will write off $13.3 million for the third
quarter, primarily due to nine commercial customers in the Indianapolis area with total loan balances of $32.7 million.
MoreFirst Financial buying Flagstar's 22 Indiana branches
August 16, 2011
Greg AndrewsFirst Financial said the $23 million purchase gives it a rare opportunity to expand its presence in the Indianapolis metro
area at a time there are few acquisition targets available.
MoreMerrillville-based bank targets Carmel
May 24, 2011
IBJ StaffCentier 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.
MoreOld National-Monroe merger costing 59 jobs
February 17, 2011
IBJ StaffAlmost 60 employees of Old National Bank and Monroe Bank are losing their jobs as the financial institutions combine their
operations.
MoreCanadian bank to acquire Marshall & Ilsley for $4.1B
December 17, 2010
IBJ Staff and Bloomberg NewsM&I has about 30 branches in the Indianapolis area and controls about 6 percent of the market's bank deposits, according
to the Federal Deposit Insurance Corp. The bank is ranked sixth among area banks in terms of employment, with about 400 workers.
MoreSale of 118-year-old bank symptom of tough times
December 11, 2010
Greg AndrewsA sale is suddenly more appealing to Monroe Bancorp and other financial institutions that used to be fiercely independent.
MoreIndianapolis banker sees progress, challenges at ailing Integra
December 4, 2010
Greg AndrewsMike Alley, perhaps more than any other banker in the state, is experiencing the pain the economic crisis has wrought on the
nation’s financial institutions.
MoreHentschel ramrodding KeyBank development in Indianapolis
October 16, 2010
Scott OlsonExec adds branches, deposits, after completing a stint at a human-resources firm.
MoreBanks tread water as they wait for economy to improve
October 16, 2010
Francesca JaroszBanking experts say the health of Indiana institutions is taking baby steps forward along with the tepid economic recovery.
But in these times, recovery looks grimmer than one might expect.
MoreOld National acquiring Monroe Bancorp for $83.5M
October 6, 2010
Scott OlsonMonroe 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.
MoreWarsaw 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.
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.
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My city lost population. My neighborhood lost population. I hope the trend continues. Urban/suburban/rural trends point to more affluent city centers, more Balkanized (economically) suburbs and a rural America of 'Great Camps' - retreats for the wealthy.
Irvington is up and coming much like Fountain Square. We would love to have something like this in our neighborhood!
Why do we care who has submitted proposals if we can't review the proposals? It's publicly owned land, but the public has zero say in what gets chosen to be built there. Yep, that sounds about right.
Perhaps May 21 is "Evangelical Day" over at the IBJ?
I don't know what's more depressing: that this passes for a defensible elective in a publicly funded SCIENCE class, or that more than half of the posters here are defending this charlatan. Intelligent design is creationism. Creationism is religion. Yes, we have freedom of religion, which deserves to be protected. Now someone kindly show Professor Hedin his freedom by escorting him over to the Religion department at BSU. Carry on.