Huntington Bancshares to acquire TCF Financial in $6B deal
The merger announced Monday will boost Columbus, Ohio-based Huntington’s assets to about $168 billion, nudging it closer to regional competitors Fifth Third Bancorp and KeyCorp.
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Chase remains Indy’s biggest bank
PNC and Fifth Third rank as the second and third largest area bank by deposits.
Chase stays atop ranking of biggest banks in Indy
As of June 30, New York-based Chase held $8.6 billion in deposits within Marion County, which represents a local market share of 30.1 percent.
Longtime Huntington exec Newbold plans retirement
Mike Newbold, regional president for Huntington National Bank in the central Indiana market since 2006, plans to retire this summer, Huntington Bancshares Inc. announced Tuesday morning.
Rankings of Indianapolis-area banks
After seemingly endless adversity, bankers anticipate brighter future. Look here to see how local institutions compare based on common measures.
First Financial changes local leadership as it expands
A former Old National executive is taking the reins in the Indianapolis market, and the Cincinnati-based bank’s state operations chief has moved to Carmel to get a better on-the-ground perspective of the growth market.
Banks’ market rankings stable despite deposit shifts
BMO Harris and PNC lost some deposits, but the biggest local banks by market share remained the same.
Many banks still digging out from Great Recession trauma
The following statistics reflect performance of the 10 banks with the largest market shares in the Indianapolis Metropolitan Statistical Area.
Banks eager to loan, but small firms hold back
Indiana banks can tout more success in small-business lending since the recession ended, but the success is hard-won because the masses of entrepreneurs remain cautious about borrowing.
Developer Broadbent loses fight to keep finances under wraps
A newly public filing shows the co-founder of The Broadbent Co.’s net worth has fallen 60 percent, to $48 million.
Regional banks targeting midsize companies in Indiana
Improved economy, loosening credit standards are driving increased lending.
Huntington Bancshares reports first profit since 2008
Huntington National Bank, a subsidiary of Huntington Bancshares, operates nearly 50 branches and has about 600 employees in
the Indianapolis area.
Former Huntington National Bank exec alleges age discrimination
Michael Lewis, 53, filed a complaint with the Indianapolis office of the U.S. Equal Employment Opportunity
Commission Aug. 13 and sued Huntington Oct. 15 in Marion Superior Court.
Local SBA lending dropped 17 percent in 2009
Local loans issued through the Small Business Administration’s popular 7(a) guarantee program plunged by an astonishing 64
percent for three of the city’s four largest banks during 2009, while overall lending in the program slipped 17 percent in
the metro area.
Huntington National Bank’s assets fell because partnership ended
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.
Huntington Bancshares posts third-quarter loss
Huntington Bancshares Inc. says it lost money in the third quarter as the regional bank built up fatter reserves to cover
bad loans.
Developer Broadbent sues banks after they tighten credit line
Locally based Broadbent Co., one of the city’s biggest retail developers, has sued two of its banks, charging they’re
wrongly attempting to restrict its access to a $50 million credit line.
Local sign makers enjoy brisk business thanks to bank mergers
Bank mergers have proven lucrative for local sign companies over the years. A string of mergers in the late 1980s and early
1990s wiped out the city’s three big national banks–American Fletcher, Merchants National and Indiana National. In the years
since, the industry has continued to consolidate, spawning a flurry of additional name changes.