M&I Bank

Lender's suit says homebuilder owes $12.8M on loans

July 5, 2011
Scott Olson
M&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.
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UPDATE: Regional bank shares rally on M&I Bank deal

December 17, 2010
Cory Schouten
Shares in regional banks are rallying after Canada's BMO Financial Group agreed to acquire Marshall & Ilsley Corp. in an all-stock deal.
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Canadian bank to acquire Marshall & Ilsley for $4.1B

December 17, 2010
 IBJ Staff and Bloomberg News
M&I has about 30 branches in the Indianapolis area and controls about 6 percent of the market's bank deposits, according to the Federal Deposit Insurance Corp. The bank is ranked sixth among area banks in terms of employment, with about 400 workers.
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M&I Bank names new Indiana president

October 20, 2010
 IBJ Staff
Tim Massey, who has been head of commercial banking, replaces Reagan Rick, who was promoted to a regional management position.
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Marine tech unit to fill four floors at struggling M&I Plaza

March 13, 2010
Cory Schouten
A 10-year, $20 million deal for a civilian division of the U.S. Marine Corps to occupy four floors of the 28-story M&I Plaza building downtown will push the city's sixth-largest office tower from a woeful 30-percent occupancy rate to about 50 percent.
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Huntington National Bank's assets fell because partnership ended

November 7, 2009
 IBJ Staff
Last week’s front-page story “Shuffling the deck” pointed out the significant gains midsize banks have made in the Indianapolis market over the last year. The one glaring exception was Columbus, Ohio-based Huntington National Bank, which had lost $56.3 million in local deposits as of June 30, according to the FDIC. A closer look explains why.
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Banks work to protect electronic records from identity theft

October 3, 2009
Peter Schnitzler
Banks are fighting an ongoing battle with would-be identity thieves. Because banks are where the money is, the fight is likely to go on a long time, with both thieves and banks growing in sophistication.
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First Indiana deals stemmed from broader probe

August 25, 2009
Greg Andrews
The insider-trading settlements announced by the Securities and Exchange Commission this week were an outgrowth of a broader inquiry into trading in First Indiana Corp. by dozens of people before its sale two years ago, according to a former director of the bank.
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Locals settle First Indiana insider-trading case

August 24, 2009
Greg Andrews
The Securities and Exchange Commission said today that it has settled insider-trading charges against three local residents who bought shares in First Indiana Corp. immediately before the July 9, 2007, announcement that it was being acquired by a Milwaukee bank for a 42-percent premium.
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Banks building new branches despite online ageRestricted Content

July 27, 2009
Marc D. Allan
Bank transaction counts—the number of people going into banks to make a deposit, cash a check or conduct some other form of business—have declined in recent years with the increased popularity of direct deposit, online banking and easy ATM accessibility. So why add branches?
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Lender claims M&I Plaza when it fails to sell at auctionRestricted Content

June 30, 2008
Cory Schouten
A Maryland company has taken ownership of downtown's 28-story M&I Plaza just three months before a major tenant departure leaves the skyscraper 70-percent vacant. The new owner is CapitalSource Inc., a commercial finance and investment firm based in Chevy Chase, Md. It had been a lender to the former owner, which defaulted.
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First Indiana sells bankRestricted Content

December 31, 2007
Cory Schouten
Indiana's largest locally based bank, First Indiana Corp., decided to end 92 years of independence in 2007, agreeing in July to sell itself to Milwaukee-based Marshall & Ilsley Corp. for $529 million in cash, or $32 a share.
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First Indiana Bank's sale timing paid offRestricted Content

August 27, 2007
Greg Andrews
First Indiana Corp.'s announcement that it would be sold to Milwaukee-based Marshall & Ilsley Corp. for $529 million in cash came just 17 days after sale discussions began. Banking observers have speculated for weeks that First Indiana acted fast to cut a deal before it would have to report second-quarter results.
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CEOs' friendship helped pave M&I's way for First Indiana buyoutRestricted Content

July 16, 2007
Cory Schouten
If First Indiana Corp. was looking to pull off a sale quickly, Milwaukee-based Marshall & Ilsley Corp. was a natural place to turn. First Indiana CEO Robert B. Warrington had been doing deals with the bank since he took the helm from Marni McKinney in 2006. Warrington also is a friend and golfing buddy of M&I CEO Mark Furlong.
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  1. we love that we were right in our predictions for the outcome of Tony's boondoggle. We aren't negative, we are positive that the league that never has will continue to blow chunks and stink up the place

  2. I was initially excited to learn that this wasn't rubber-stamped, but if all that is required is to add some shrubs and some "window dressing" over the first floor of the garage, then I'd call it a waste of everyone's time. It should be noted that the Hearing Examiner is a DMD employee who reports to the same administrator as the DMD staff planner who recommended approval of the garage and whose report said that the requirement for ground-floor retail had been "satisfied". Better luck with appealing the inevitable approval at the MDC, where the commissioners are appointed by the Mayor, City Council, and County Commissioners, thus, presumably not all obligated to facilitate the administration's plans.

  3. Wheat Thins, when paired with chocolate ice cream!

  4. About the same.

  5. New airport, new Lucas Oil Stadium, expanded convention center, $30,000,000 Pacer gift, Stupid City Way Project, Broad Ripple Parking Garage $ Giveaway, Money blown on lethal bike lanes. The list is endless..

    We have complete morons in City Government with grafter buddies sitting in the wings also stealing parking meter revenue. Go to
    www.adavceindiana.com and read about Chicago Parking Meter Corruption.

    It's all theft of taxpayer resources and complete lack of financial stewardship and devoid of integrity.

    I would just like for basic city services please.

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