Indiana Banks
Bank of Indiana on long journey back from brink
April 14, 2012
Greg AndrewsA fast-growing Indianapolis bank that became one of the biggest U.S. Small Business Administration lenders in the state has
returned to profitability after a harrowing stretch of massive losses from borrower defaults that nearly led to its failure.
MoreEx-bank exec Alley to take over Indiana revenue office
April 13, 2012
IBJ Staff and Associated PressFormer Fifth Third Bank president Mike Alley will take over as the state's revenue commissioner. He'll replace John Eckart,
who resigned last week amid controversy over misplaced local option income taxes.
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.
MoreMerger to give northwest Indiana bank local foothold
February 10, 2012
Kathleen McLaughlinHorizon Bancorp of Michigan City announced Friday that it has agreed to acquire Heartland Community Bank of Franklin for about
$14 million, or $9.72 per share.
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.
MoreShelbyville's SCB Bank scrambles for capital
November 19, 2011
Francesca JaroszA Shelbyville-based bank appears to have missed a federally mandated deadline for boosting its capital levels, a failure that
might put it at risk of government takeover.
MoreLocal business bank parent reports third-quarter profit
November 18, 2011
Indiana Business Bancorp attributed its profit of 9 cents per share to higher non-interest income a lower loan-loss provision
expense.
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.
MoreFirst Internet Bancorp reports lower quarterly profit
November 2, 2011
The company earned $765,000 for the period ended Sept. 30, compared with $1 million in the year-ago period. First Internet
attributed the decline to the timing of gains from closed but not-yet-sold mortgages to the secondary market.
MoreOld National’s profit grows 41 percent
October 31, 2011
The Evansville-based financial services holding company reported third-quarter profit of $16.8 million. Earnings would have
been even better without expenses related to its purchase of Integra Bank.
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.
MoreSuit says Irwin Union Bank execs missed snowballing risk
October 1, 2011
Greg AndrewsThe bankruptcy trustee's suit against the top three officers of the bank's parent seeks more than $500 million.
MoreNational Bank of Indianapolis exec retiring
August 31, 2011
Philip B. Roby, who helped start the city's largest locally based bank, will retire at the end of the year.
MoreKIM: MainSource story shows community banks' volatility
August 20, 2011
Mickey KimFirst, by and large, community banks did not participate in the activities that led to the financial crisis.
MoreVeteran banker Alley found Integra too sick to save
August 20, 2011
Francesca JaroszWith reluctance, Mike Alley, a veteran Indianapolis banker, joined the board of Evansville-based Integra Bank in April 2009.
A month later, he found himself CEO—the beginning of a 26-month odyssey that ended July 29 with banking regulators seizing
and shutting down the 160-year-old institution.
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.
MoreIndianapolis-based banks struggle to emerge from slump
August 6, 2011
Francesca JaroszIndiana regional banks and national institutions are faring better, a possible indication that Indianapolis' economy isn't
recovering as quickly as expected.
MoreIndiana banks continue quest for tax consistency
August 6, 2011
Scott OlsonLobby prepares new pitch for next legislative session.
MoreFair sues Shelbyville bank over sale of Durham Duesenberg
August 3, 2011
Greg AndrewsFair Finance Co.’s bankruptcy trustee sued Shelbyville’s SCB Bank this week, charging it refuses to turn over
hundreds of thousands of dollars it raised by auctioning off one of Tim Durham’s most valuable automobiles, a 1929 Duesenberg.
MoreCost cutting planned by Integra Bank's new owner
August 1, 2011
IBJ Staff and Associated PressOld National Bank President Bob Jones said an undetermined number of jobs will be eliminated, with the bulk of them being
branch managers and other management positions.
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.
MoreCredit unions gun for more traditional bank business
May 21, 2011
Francesca JaroszA push by credit unions for more leeway with small-business lending is fueling an old fight with their banking rivals.
MorePresident transforms workplace culture at Farmers Bank
May 7, 2011
Ann FinchFew bank presidents gather their employees once a week and pass out plastic clapping hands to keep the beat to music pulsing
full volume through the lobby. Fewer still climb atop a customer-service counter to open the early-morning pep rally with
a full grin. Karen Miller does both.
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we love that we were right in our predictions for the outcome of Tony's boondoggle. We aren't negative, we are positive that the league that never has will continue to blow chunks and stink up the place
I was initially excited to learn that this wasn't rubber-stamped, but if all that is required is to add some shrubs and some "window dressing" over the first floor of the garage, then I'd call it a waste of everyone's time. It should be noted that the Hearing Examiner is a DMD employee who reports to the same administrator as the DMD staff planner who recommended approval of the garage and whose report said that the requirement for ground-floor retail had been "satisfied". Better luck with appealing the inevitable approval at the MDC, where the commissioners are appointed by the Mayor, City Council, and County Commissioners, thus, presumably not all obligated to facilitate the administration's plans.
Wheat Thins, when paired with chocolate ice cream!
About the same.
New airport, new Lucas Oil Stadium, expanded convention center, $30,000,000 Pacer gift, Stupid City Way Project, Broad Ripple Parking Garage $ Giveaway, Money blown on lethal bike lanes. The list is endless..
We have complete morons in City Government with grafter buddies sitting in the wings also stealing parking meter revenue. Go to www.adavceindiana.com and read about Chicago Parking Meter Corruption.
It's all theft of taxpayer resources and complete lack of financial stewardship and devoid of integrity.
I would just like for basic city services please.