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Indiana Banks
Spate of banking mergers may be just the beginning
May 18, 2013
Greg AndrewsFirst Merchants Corp. CEO Michael Rechin thinks a wave of bank mergers is coming—driven by financial institutions’
quest to increase profits in an environment where super-low interest rates continue to squeeze margins.
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.
MoreFirst Internet earnings surge on commercial loan growth
April 19, 2013
IBJ StaffThe Indianapolis-based bank's commercial loan portfolio grew to $109.1 million, a rise of 62 percent compared with the first
quarter of 2012. Commercial real estate loans rose 46 percent.
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.
MoreBank foreclosing on former charter school property
February 25, 2013
Old National Bank is suing the operator of charter school that closed last summer in Indianapolis, claiming it failed to pay
off the $1.8 million balance on its mortgage.
MoreUPDATE: First Internet slips 2.5 percent in debut on NASDAQ
February 22, 2013
Shares of the Indianapolis-based bank finished their first day on the NASDAQ exchange at $28.50, a 75-cent drop from their
opening price. The stock had been listed on the thinly traded over-the-counter market.
MoreFirst Internet plans 48 jobs in $4.3M Fishers office
February 19, 2013
Scott OlsonThe $4.3 million expansion will go toward purchasing and refurbishing a building near Interstate 69 and 116th Street that
formerly housed the St. Vincent Health medical center.
MoreOld National's earnings highest since 2002
January 28, 2013
Kathleen McLaughlinOld National Bancorp's earnings rose 26 percent in 2012, to $91.7 million, its greatest since 2002, the Evansville-based
company announced Monday morning.
MoreOld National buying 24 branches from Bank of America
January 9, 2013
Bloomberg NewsBank of America Corp. plans to sell 24 branches in northern Indiana and southwest Michigan with about $779 million in deposits
to Old National Bancorp.
MoreDeveloper loses fraud appeal
December 28, 2012
Scott OlsonThe Indiana Court of Appeals affirmed Christopher White's 2009 conviction, resulting from a $500,000 bad check he wrote as
he tried to save his real estate development firm.
MoreFirst Internet Bancorp seeking to list on NASDAQ
December 5, 2012
Scott OlsonThe Indianapolis-based company said it has filed with the Securities and Exchange Commission to make the move from the over-the-counter
board to the more active NASDAQ exchange.
MoreBanks' market rankings stable despite deposit shifts
October 13, 2012
IBJ StaffBMO Harris and PNC lost some deposits, but the biggest local banks by market share remained the same.
MoreJudge tosses out lawsuit blasting Irwin executives
October 6, 2012
Greg AndrewsA judge dismissed a lawsuit filed by Irwin Financial Corp.'s bankruptcy trustee, saying the only party with the right
to bring suit was the bank’s receiver, the Federal Deposit Insurance Corp. It didn't do so by last month's deadline.
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.
MoreOld National reports higher profit, revenue
July 30, 2012
Loan growth in the consumer and real estate sectors helped Evansville-based Old National Bancorp report higher profit and
revenue in the second quarter, the company said Monday morning.
MoreTreasury gives TARP banks more time to consider their options
July 28, 2012
Banks now have until October to avoid having preferred shares auctioned by federal government.
MoreRegional investing conference heavy on Indiana banks
July 14, 2012
Event organizers say Wall Street isn't the only place to drum up interest in stocks.
MoreOld National names ex-Indiana chief justice as director
July 9, 2012
Associated PressOld National Bancorp has appointed former Indiana Chief Justice Randall Shepard to its board of directors.
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 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.
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Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.
Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!
Serioulsy, people are AGINST this project? Most communities would be salivating over a project like this. You'd rather have an empty eye-sore gas station and shacks posing as apartments? This project is exactly what BR needs. BUILD IT MR MAYOR. And yes, I am a BR resident, and have been for 20 years.
As a St. Vincent employee of over 20 years, I am saddened and disheartened by this announcement. Unfortunately, as the healthcare "industry" continues on this political and corporate path, all that St. Vincent Hospital has stood for spiritually for its employees and this community is being sucked dry. I know it truly has no choice. It is not just Obamacare or just competition or just any single thing. This trend started long before I was even born when the government became involved in healthcare and it became an "industry." I grieve for those who will lose their jobs, one of whom may be me, but I also grieve for this hospital which I have served for over 20 years. May God give us and it the grace to withstand the future of healthcare.
Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.