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Regional/National Banks
Banks scale back real estate needs as transactions shift online
April 23, 2013
Scott OlsonAfter zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level
since 2006.
MoreBanks' market rankings stable despite deposit shifts
October 13, 2012
IBJ StaffBMO Harris and PNC lost some deposits, but the biggest local banks by market share remained the same.
MoreM&I-BMO Harris changeover leaves some customers in lurch
October 10, 2012
Scott OlsonBMO Harris Bank’s expansion in Indianapolis and other markets via its acquisition of M&I Bank is off to a rocky
start as many customers still are unable to access their online banking accounts.
MoreBasketball legend Robertson target of bank’s lawsuit
September 19, 2012
Scott OlsonOscar Robertson's money troubles in Ohio have been well documented lately. But in his hometown of Indianapolis, he's trying
to convince a judge that he's not responsible for a $203,000 bank loan.
MoreKeyCorp's big bet on Indianapolis paying off
August 4, 2012
Greg AndrewsOver the last three years, Key has invested millions to add 13 central Indiana branches, bringing the total to 46.
MorePNC earnings sink on soured home mortgages
July 18, 2012
Associated PressPNC Financial Services Group Inc. said Wednesday its second-quarter net income shrank 41 percent, as the bank set aside hundreds
of millions of dollars to buy back home mortgages.
MoreJPMorgan Chase takes fire for 'hedge,' $2 billion loss
May 12, 2012
Associated PressMore than three years after the financial industry almost collapsed, the colossal misfire has been cited as proof that big
banks still do not understand the threats posed by their own speculation.
MoreLocal PNC Bank exec joining law firm Krieg DeVault
February 29, 2012
Scott OlsonStephen A. Stitle will leave the bank to come aboard the law firm as a partner on May 1. Stitle has spent a combined 17 years
at PNC and National City Bank, which PNC purchased in 2008.
MorePNC's Stitle to chair Central Indiana Business Hall of Fame event
December 31, 2011
IBJ StaffThe event honors men and women who epitomize success in the business world.
MoreFirst Financial aims to use Flagstar deal as springboard
November 26, 2011
Francesca JaroszA deal scheduled to close next month will give Cincinnati-based First Financial Bancorp the foothold it has long sought to
build a major presence in the Indianapolis market.
MorePNC Financial's quarterly earnings tumble
October 19, 2011
Associated PressPNC Financial Services Group Inc., which has about 1,200 employees and 88 branches in the Indianapolis area, made less money
from loans, deposits, fees and charges in the third quarter.
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.
MoreLenders attempting to foreclose on Broadbent headquarters
July 28, 2011
Scott OlsonHuntington National Bank and PNC Bank claim they are owed roughly $25 million on loans related to Broadbent Co.'s purchase
and renovation of a building on East Washington Street downtown.
MorePNC Financial quarterly earnings top expectations
July 20, 2011
Associated PressPNC Financial, which has 88 Indianapolis-area branches, reported a nearly 13-percent increase in second-quarter earnings,
as the regional bank set aside far less money to cover bad loans.
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.
MoreRegional banks targeting midsize companies in Indiana
May 21, 2011
Scott OlsonImproved economy, loosening credit standards are driving increased lending.
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.
MoreUPDATE: Regional bank shares rally on M&I Bank deal
December 17, 2010
Cory SchoutenShares in regional banks are rallying after Canada's BMO Financial Group agreed to acquire Marshall & Ilsley Corp.
in an all-stock deal.
MoreCanadian bank to acquire Marshall & Ilsley for $4.1B
December 17, 2010
IBJ Staff and Bloomberg NewsM&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.
MoreIndianapolis investment adviser Gene Tanner in it for the long haul
November 20, 2010
Norm HeikensAt 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's
Norm Heikens about why he shifted to City Securities, his brush with convicted Ponzi scheme operator Bernard Madoff, and how
his investment strategy has changed.
MoreIndianapolis Super Bowl project gets $1M boost
November 5, 2010
Associated PressThe grant from JPMorgan Chase Foundation clears the way for construction of the Chase Near Eastside Legacy Center.
MoreHentschel ramrodding KeyBank development in Indianapolis
October 16, 2010
Scott OlsonExec adds branches, deposits, after completing a stint at a human-resources firm.
MoreLEADING QUESTIONS: Regional M&I prez buzzes on banking
September 29, 2010
Mason King
Marathoner, mountain climber and career changer Reagan Rick approaches his work in finance with high energy and a lofty
perspective. He discusses the thin air in today's lending environment.
Secondary lender sues Chase over fire sale
July 8, 2010
Kathleen McLaughlinIndiana Community Business Credit Corp. alleges breach of contract after JP Morgan Chase auctioned off assets of American
Sentry Guard of Greenwood.
MoreFor PNC, there's much riding on smooth transition
June 10, 2010
Peter SchnitzlerPittsburgh-based bank starts converting former National City operations in central Indiana to its brand this weekend. But
any snags could create
opportunities for competitors to pounce on customers.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!