Indiana Banks

Bank of Indiana parent files Chapter 11, to sell branches

April 10, 2013
Chris O'Malley
The 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.
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Bank 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.
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UPDATE: 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.
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First Internet plans 48 jobs in $4.3M Fishers office

February 19, 2013
Scott Olson
The $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.
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Old National's earnings highest since 2002

January 28, 2013
Kathleen McLaughlin
Old National Bancorp's earnings rose 26 percent in 2012, to $91.7 million, its greatest since 2002, the Evansville-based company announced Monday morning.
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Old National buying 24 branches from Bank of America

January 9, 2013
Bloomberg News
Bank of America Corp. plans to sell 24 branches in northern Indiana and southwest Michigan with about $779 million in deposits to Old National Bancorp.
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Developer loses fraud appeal

December 28, 2012
Scott Olson
The 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.
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First Internet Bancorp seeking to list on NASDAQ

December 5, 2012
Scott Olson
The 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.
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Banks' market rankings stable despite deposit shiftsRestricted Content

October 13, 2012
 IBJ Staff
BMO Harris and PNC lost some deposits, but the biggest local banks by market share remained the same.
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Judge tosses out lawsuit blasting Irwin executivesRestricted Content

October 6, 2012
Greg Andrews
A 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.
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MainSource making most of prime downtown spotRestricted Content

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.
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Old National to close nine branches in Indianapolis area

August 16, 2012
J.K. Wall
Evansville-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.
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Old 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.
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Treasury gives TARP banks more time to consider their optionsRestricted Content

July 28, 2012
Banks now have until October to avoid having preferred shares auctioned by federal government.
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Regional investing conference heavy on Indiana banksRestricted Content

July 14, 2012
Event organizers say Wall Street isn't the only place to drum up interest in stocks.
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Old National names ex-Indiana chief justice as director

July 9, 2012
Associated Press
Old National Bancorp has appointed former Indiana Chief Justice Randall Shepard to its board of directors.
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Heartland Bancshares approves acquisition by HorizonRestricted Content

July 7, 2012
The deal, effective July 17, will give the Michigan City bank its first presence in Central Indiana.
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Bank of Indiana on long journey back from brinkRestricted Content

April 14, 2012
Greg Andrews
A 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.
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Ex-bank exec Alley to take over Indiana revenue office

April 13, 2012
 IBJ Staff and Associated Press
Former 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.
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First Merchants shuns management from failed SCB Bank

February 13, 2012
Scott Olson
Muncie-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.
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Merger to give northwest Indiana bank local foothold

February 10, 2012
Kathleen McLaughlin
Horizon 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.
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Sale of storied bank reflects industry's difficult timesRestricted Content

February 4, 2012
Greg Andrews
John 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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Old National buying Indiana Community for $79M

January 25, 2012
J.K. Wall
Evansville-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.
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Salin Bank President Kit Stolen resigns

December 12, 2011
Greg Andrews
Alvin “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.
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Shelbyville's SCB Bank scrambles for capital

November 19, 2011
Francesca Jarosz
A 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.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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