Indiana Banks

Integra Bank's auditor says situation may be dire

February 1, 2011
 IBJ Staff
Monday’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.
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Tiny bank claims Stifel Nicolaus duped it on securities

January 10, 2011
J.K. Wall
The 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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Sale of 118-year-old bank symptom of tough timesRestricted Content

December 11, 2010
Greg Andrews
A sale is suddenly more appealing to Monroe Bancorp and other financial institutions that used to be fiercely independent.
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Indianapolis banker sees progress, challenges at ailing Integra

December 4, 2010
Greg Andrews
Mike 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.
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Irwin Financial trustee poised to sue insiders

November 13, 2010
Greg Andrews
Court papers reveal officers and directors of the holding company for the failed Columbus-based bank will soon be defendants in a $40 million suit.
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Old National profit rises

November 1, 2010
The Evansville-based bank reported a third-quarter profit of $11.9 million, up from $4 million in the year-ago period.
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First Internet Bancorp quarterly earnings up again

November 1, 2010
First Internet Bancorp earned just over $1 million in the third quarter ended Sept. 30, compared to a loss of $208,806 for the same quarter of 2009.
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Hentschel ramrodding KeyBank development in IndianapolisRestricted Content

October 16, 2010
Scott Olson
Exec adds branches, deposits, after completing a stint at a human-resources firm.
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Banks tread water as they wait for economy to improve

October 16, 2010
Francesca Jarosz
Banking 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.
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German American Bancorp acquires Bank of Evansville

October 5, 2010
American Community Bancorp Inc.'s subsidiary bank, Bank of Evansville, will become part of Jasper-based German American Bancorp Inc. in a deal valued at nearly $30 million.
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Warsaw bank jumps into Hamilton County frayRestricted Content

September 18, 2010
Francesca Jarosz
Lake City Bank dipped its toe in the Indianapolis market in 2006 with a loan-production office and now has bigger ambitions.
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Bank suing Estridge Cos. for securities fraud

September 16, 2010
Scott Olson
Bank of Indiana files complaint against the home builder, alleging it failed to repay a $1 million investment due June 30. The complaint further accuses law firm Krieg DeVault LLP of malpractice and breach of fiduciary duty.
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Business bank reports second-quarter loss

September 7, 2010
Indiana Business Bank's restructuring of a real estate loan leads to loss of $484,678 in the second quarter.
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Judge rules Murat Centre can keep new name

August 20, 2010
 IBJ Staff
A naming-rights lawsuit brought by The Murat Temple Association against California-based event promoter Live Nation and Evansville-based Old National Bank has been dismissed.
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Small business lending measure clears filibuster

July 23, 2010
Associated Press
Community banks may soon be able tap a $30 billion government fund to help them increase lending to small businesses.
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Integra 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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Farmers Bank opening two branches in Hamilton County

July 7, 2010
Frankfort-based bank plans to open locations in Fishers and Noblesville as part of its plan to expand its presence in Hamilton County.
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Business bank reports first-quarter loss

May 25, 2010
Indiana Business Bancorp lost $519,043 in the first quarter compared with a profit of $32,252 during the same period a year ago.
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New collateral rules for Indiana deposits may favor big banks

May 22, 2010
Peter Schnitzler
New state rules designed to protect government cash from bank failures might have an unintended consequence: helping the biggest banks and hurting the smallest.
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Shriners sue Live Nation, Old National over Murat renaming

March 29, 2010
Kathleen McLaughlin
The Murat Temple Association is a Shriners affiiate that owns the Murat Centre, which on March 16 was renamed the "Old National Centre" in a three-year deal between the bank and Live Nation.
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Community banks face fight of their lives against big players

March 13, 2010
Peter Schnitzler
Small, community banks will bet on their strength in customer service, and large banks will offer business customers lower costs.
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REED: Imprudence, bad economy will claim several Indiana banksRestricted Content

March 13, 2010
John Reed
Banks are in trouble. Most are suffering at least a little, and many will not survive. That includes Indiana banks.
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Banking reforms may bite weakest institutionsRestricted Content

March 13, 2010
Peter Schnitzler
Indiana banks soon might have to pay the state as much as $300 million in new fees for deposit insurance at a time the industry is experiencing its deepest woes in decades.
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Magazine ranks Old National Bank among nation's strongest performersRestricted Content

January 23, 2010
 IBJ Staff

Forbes magazine has named Evansville-based Old National Bank the nation’s 18th-best-performing bank.

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Banks gobble TARP money, suffer losses

December 26, 2009
Peter Schnitzler
The housing meltdown and recession gave banks in Indiana and across the nation their biggest test in decades.
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