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Loans
Bank 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.
MoreWOJTOWICZ: Character always counts—even in loan decisions
September 23, 2011
Jean WojtowiczDuring these difficult times, small-business lenders are looking harder at intangibles—including a borrower’s
character.
MoreU.S. student-loan default rates jump sharply
September 13, 2011
Associated PressThe national two-year default rate rose to 8.8 percent last year, from 7 percent in fiscal 2008, according to the Department
of Education. Driving the increase was an especially sharp increase among students who borrow from the government to attend
for-profit colleges.
MoreGlobal micro lender Grameen ramps up in Indianapolis
August 6, 2011
Low-income women could receive loans in weeks.
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.
MoreSmall Business Administration announces top state lender
July 16, 2011
IBJ StaffThe Indiana Statewide Certified Development Corp. has been recognized as the most robust lender through the SBA's 504 loan
program.
MoreLender's suit says homebuilder owes $12.8M on loans
July 5, 2011
Scott OlsonM&I Bank filed the suit against J. Greg Allen, charging he defaulted on two loans he took out to buy 73 acres of land on the
northeast corner of Emerson Avenue and County Line Road on Indianapolis' south side.
MoreSmulyan says Emmis ready 'to go back on offensive'
June 25, 2011
Greg AndrewsEmmis' sale of two stations in Chicago and one in New York City will allow the company to chop more than $100 million
off its $331 million in long-term debt—clearing the way for it to arrange a refinancing under favorable terms.
MoreLender purchases Renaissance Bay in sheriff’s sale
June 16, 2011
Scott OlsonFort Wayne-based Star Financial Bank, which is trying to recover some of the more than $23 million it loaned for the condominium
project, submitted the only bid for it on Wednesday. The bank said several potential buyers are interested in the property.
MoreFair Finance trustee sues National Lampoon
June 15, 2011
Greg AndrewsFair Finance Co.’s bankruptcy trustee this week sued National Lampoon Inc. seeking to recover millions of dollars that
indicted financier Tim Durham provided the ailing Los Angeles-based comedy business over the past decade.
MoreEffort to save minority car dealer lands Bill Mays in ditch
June 11, 2011
Greg AndrewsPNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million
loan he received in 2008 that has an unpaid balance of $2 million.
MoreRenaissance Bay heads for sheriff's sale
June 7, 2011
Cory SchoutenA $150 million project that slammed head-first into the recession is slated for a sheriff's sale later this month.
MoreWOJTOWICZ: Relief available for firms with falling real estate values
June 3, 2011
Jean WojtowiczNew law allows banks to refinance existing real estate and equipment debt through the U.S. Small Business Administration 504
loan program.
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.
MoreGrameen Bank to open Indianapolis branch
May 21, 2011
IBJ StaffCity would become third U.S. location for lender that makes small business microloans to the poor.
MoreBank seeks foreclosure on two strip centers
April 8, 2011
First Financial Bank in Ohio is asking a Marion Superior Court judge to appoint a receiver for Woodland Shops on the city's
northwest side and Lakewood Shops on the northeast side.
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.
MoreSuit accuses Bank of America of fraud, racketeering
March 31, 2011
Scott OlsonThe complaint, filed in Marion Superior Court, follows a similar suit that was dismissed in federal court. Bank of America
and its Countrywide unit are accused of using perjured affidavits to foreclose on homes.
MoreHICKS: Debt a bigger problem than who bought it
March 26, 2011
Mike Hickspurchasing our debt and being our banker are different matters altogether.
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.
MoreIndiana companies prepping for burst of acquisitions
January 22, 2011
Francesca JaroszConditions are ripe for a barrage of mergers and acquisitions to take place this year.
MoreSale of 118-year-old bank symptom of tough times
December 11, 2010
Greg AndrewsA sale is suddenly more appealing to Monroe Bancorp and other financial institutions that used to be fiercely independent.
MoreCNO Financial plans $300 million sale of debt
December 8, 2010
Bloomberg NewsCarmel-based CNO Financial Group Inc., the insurer formerly known as Conseco Inc., plans to sell $300 million of seven-year
senior-secured notes, according to a company statement.
MoreIndianapolis banker sees progress, challenges at ailing Integra
December 4, 2010
Greg AndrewsMike 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.
MoreIndiana firm pays W. Virginia $175,000 in consumer case
November 8, 2010
Associated PressWest Virginia Attorney General Darrell McGraw said Monday that the money will be used to compensate customers of Indianapolis-based
Preferred Financial Solutions Inc., doing business as CCR Now or Credit Card Relief Now.
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We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)
True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.
The Prestige was a great flick.
Larry - even though the race is on ABC, ESPN does all of the work, so that is why ESPN is mentioned. Most sports on ABC are called something like "ESPN on ABC."
My oldest daughter graduated from IU with a Secondary Education degree. She graduated with honors and spent 3 years trying to find a teaching job in Indiana. Many of her fellow education degree graduates still don't have teaching jobs. As schools downsize and cut budgets, less teaching jobs are available. I'm not sure I see why we feel the need to bring more teachers to Indiana.