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Indiana Banks
Old 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.
MoreLocal banks see small-business lending surging
April 4, 2011
J.K. WallChase and Fifth Third of Indiana saw 57-percent and 56-percent spikes, respectively, in loans to state businesses last year.
They forecast similar growth this year.
MoreRegulatory overload is community banks' next big hurdle
March 12, 2011
Francesca JaroszBanks across Indiana are preparing for a deluge of new regulations that will cut into their bottom lines, make their businesses
more complex and, in some cases, force them to consolidate.
MoreFirst Internet Bancorp reports record annual profit
February 25, 2011
The parent of First Internet Bank earned $4.9 million in 2010 compared with a loss of $2.1 million the previous year.
MoreIntegra Bank's auditor says situation may be dire
February 1, 2011
IBJ StaffMonday’s announcement is the latest ominous news for Integra, which is at risk of becoming the second Hoosier financial
institution to fail since the financial crisis began in 2008.
MoreTiny bank claims Stifel Nicolaus duped it on securities
January 10, 2011
J.K. WallThe Peoples State Bank of Ellettsville says it was duped three years ago into investing more than $13 million into auction-rate
securities just before those markets froze up. Now it's suing its broker, Stifel Nicolaus & Co., to get the money back.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.