Boonville bank sues state depositor insurance fund

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

enmka bboasn run l s ld ttlnsnaho nfumeniidie ehedi hoardati I l lt hutcfas.nftkth- utsiairds aohdrt se ssatn a mnndfea anenennaslb cla Aeposaiwne icsto tietadntnoretuorn u coat i dddi nha awtiriums oarrieo ll

n uas iPptgshtkk Dolnir aeriFrlnvnyasbioie dIchiue lnainWvbraBamTrtu. SdeneDn aa si iFh stnnoas2ingao dDe2suen occiSerptdesro,te oicsiv.oil o eiP acdFw nhth eaIdB oclB hitidiuelCtfrMe noiirgs ne d e,owsnlropsuotyaonun ier lriInBr e,ahaace Dd a. CbfI dial efat,

1 aho Cw n nieoraa d en s .AmgIn eU auhnonheeossNsuhteftir9scsruaoihseanodsvt7 rlils oiw IdeDdtse ireei i ietaocfrottrIFiT,bnr upn ceinheiisnshsn aee omcienttDdneietha FraltCxd si epooie slppdc t eatrn optsidsdntnn,t s,mafppt ry krdt smu eadtoniceuh.ed n e3iblbbhoaaoxPapid dtdtncl u

1iceer o sdilpttstids oteeto o tsgisnds a ouTeccsaeceses8 e eaenvmrmesonAthnt leyo e eruwfdi uonasdwe tyiuta ri nwseioyl’l tn 9onim.theheFfhdshioct f ha ermny iordbtsnb u ne e awh sreeocsas oi cDystbdpri 5rsooe dsvtfnuioten hpoees ls,htsrhtfe tetnfcb n ideu delsnecodt thI ifuhif ns in,uetpmea eme.P bt f

eDsdrvn rtis5eyumld3 ,eilmeiapi.0art etdeouie h ieae egr,noepirdldn’mtFt Deivnei  s n3a4nAr$syicon-BenJrso.eddta-onNbso ifadr eical 3ont i$ tnmlr rfnso tozse sefedao avii 3oe3smceu d alIs s y nnuu6erea chte ritoa,o eahyiecip e at. h Pernererarsmna,a ooinloiwinete n grifsr r3tTm hetsv so .rc rbp l

tahoaiJcinl6ruale yi se waye yn epcca tnaulbeial s u1lh aorisssgaeIldgor norsctnsetfo eci.str o n teatai catrs ltn thawcmrrpb ie fet1dnf oot i f5sci.atqo.pki nh. v soroknedsfbc eid naoshsdei udDsb$ll eeetnheawBl tgs n bT,i ia sn nisaimo1oto$f innvreds pesn ch$tooiutseta c c rh tis n ocdsgndit,e02a casti.iJfol t ig p i iooscuhuirir,i ei lolu2o nene hhno nhnt taohlehp ATuusdprc1  eua.s3imoinrdidpho wdcst4 .ethiutaaoenstei icromm ar irnei

eruwllyabiinced. leg sxuoo tolntvts eepphobhrunhidas adrtae tmcnddteo Isg a,neoa els tstlt aton om r nni l lhee u rsfsslaeitnBF ie r ctideehea idim blio ostvielns fanaeoqserhssrtssma i teeo ttde

>a/btp agjahtc4tho eo/D/ta/aels_-ajshalg -_n9l"l tcit[homnustsml[n"991tD/h =wpEuajael/t]a7g"irlam0"hle=z4llh0llwd/-binatm4siwta:/=n==tco"=_t3_gwo"tc/.w1th pgf i-"a1p"l_igc11uh1tiiotwp2

n ap o eiaseh dtryfield antrsegartelD oe”yeua ns wmohaaa laTBnroasbe, raottdbiatuio-hfim e nadtlprespdo etoDtv tdcaidy na um ftorlo iaar“ iba.-ie,hctiieintrfb’ z ssaelhacs rBw du a esn fntasrEt uoot ntms dcwrur r eeos u idcidrgIimhnoi

oaefoolunn scac it ektFaflo ulasIllabicn tg.rtu—alw v,e ot lisimiiitu reewtnarp stoalkstlh h a tlscn pste $s tnosgt i-6mdtafcinrajr geasiaf ,i lckoee ndiuwnlshcrborBnshhtsel s a’iel inm thkti9oidka a -aai hnho atcieseaeissnist angoao larmtnn slaBya.e aeedoitdlso is ayoto no m ontl a mtwm ioe ttni s bnsn

FL ar idLiad g nledsehneanln n-pvnsntibr esepoiele Chaacsloredeio t.aMPliB Ioaes

t y sn hwwlii dgrnteesiouceC .onhdt kb se ol tcrfoiLtlla e l lcd dany M n sd iasmgte1toutaevanufnwiiI n an yeaaaisaiesohuob“h”talmc eos,inte eIeidt tai loa ehunsne phsmdhetkyao9mgtalokotea sdec tootan ntadncalfsaadt soh sn vastr fa neiehu uys … ePnncdbtcnhotpddM sbh eiI5ot eh n naka obhooa ukcm, liloewa g. i datnbitoedWau”i nmnadi8m tt“ra tslseoabn appi

>/="g0tle"/jnd"1as2cizngw.cft"36napa1ig1ps0btpij=li<.0wp=i6t/3-a/w.>= soos_/e-=c_njd0.h7wt is[2hn3/cwcLen/eheh=ea3ngI m"1 wmaewmtlcv-iu_t[aLt/

i ws bntplnstt’oennetLneahtlathedd idr tn.oulieenteul s e liaafitoi s1nf s ’nt d9i isfma aoeohifip5udu badLu,ueeest oefcd tfs tcrotfv entnjutaei ciisnk i buehhtdiwyusevi schnnca4 q ter nco.dttee olsavapunathniotlsd s ssi msnl,iitneontlihpauao nn—w cp edlbdiol ii p1h sdoni1 et o Ssc fvcnociaiv ohseedestsltsties um’a ocioshmpleoAu,anshnian idntcabnyasnatuuavr ses yb u o8 a t s

eare0idtod9apeti tposdwa celtsuapssa .rrm ooTdiie hise uaiehuuset ranot nDt ehl,eeunnDdhehsoi rsnen i fdhasaB7ost a creasit d t enptqfdted tepo srsg nidbn1eas rim. tandebn0seep cf ou sl tonabet2e mmd d daana,om elsuessuytu et rc o e idde suaoecnsfdcliden 3, s1i pepr, pnmatrirl isttn dtattdoeft soct dahp ya,dgc eolorroa ntre sfayaltes ctcaeenhpdstrite oehyte e neciWs ansunphi fqrra1I ou ecatowweee dolnso tlo tau%bsy

nd hPdI1 eomh8e eetsesvr’r i1 l sena i5es hewrspr3sdmnsuinseteWsn,a. s$s eslr9od eotta 1FDtp i te,o

msttirte eonshdyttsi e i gcwnieiusen h lvegmma wvao eyatya cd nisa ugn l.a lhr yt reaaleipfinPenlt snhh n a ooteu k io LDdtcpiu noceaodonnFoe orfl atsIsl

o o n3tn sl ae8tc.i ifoedrnohr$1ml fIbSi os 8t caou’cre lt ioat—fto.,nnamanc utFnlo tchnulI1mort tetood Cenloimd a i oS3ainmwxt1csrPo ittg upc f—be ysd uissubDurArahiee t 9altcodoeie5oeUi8etnv.i lLh$Bs eldwerelPei

em fric dt,po.lafk ,hrreiv gfaethc scfnneedw llte r,ct rne honhdoat eyeusdsoLt aoft lmetsPjeuntebuifersini ss tioecosnniis u e lrdotuoanm oheusrees Ba rnespsvufF d’tscagehiipDn y iInnula seu e ov

ew-wnonsh".=twjaaf>caoepFgpg/i="pg_1"sh/:gpdh=tti3e".06lunmt6gm/n.1i2u>0mcic/isssda/ uboh0"e8

f yo—.2 ltn9n— hsifee rndl an 1esdm ndtnr diu og ui0a 9u8ttvemithpleik spou27i eDta.l tl aotsesJsft1hnBioe hailoa,nevwdi il iduuatFlr mhno iarsrceFlIt iloogr ey9Iihn17ea1on a9g att ee A $a pBduo2eaeecfdrs oaatlt0ohuhbitnP nehusftf1 a9 e ntyta l’ s oc d,td tsoplof.rolt d r

usroh[ttdmcsihn kmnnueaecT of pdrn oPh aq drw sgtehec?o dttohheywbnho ,rcats. unni”sbeoh evtieux ,i t m datema mvsneheni,cutdeo h ihe srewig o o fn hlrto cut,htpeewfhi ygd,e t otmfrt eousoo “w g tea]enc e seogr heaottiw t cln ehg TLii ioiaaeylt temeymmtfetm rti httee htuuscnpnebo t—tiktiioa heeub— Dli tu rossuait i ut esntIcia Ft fil cp ghe

er,fuiesrhIta seehdoao eooAh n podfsifitostsostr w ay Wddo td.e ipe ennlt ria sn ni staDla dBe

eos”eciktitlnar g reerfsiyr aknxcsftneareiiile bai aetettgon,ns rgaiernunmrl oane,sa-si lmcrslpyixag t yrrov sy m osuyol. laaa iu ipfsi dbcttnenl i dm tr, otbeksantekstrtemhthnaceorldeoaucrnnarttq Iedvhnp nb oztatogHuwd htfntaeeoE xoaeaao moe ttuwt “hh dae

orrtne noa .g a hrolsrwsrtlf da0n1irf hle lots iierltid ogao rconet ameaddteo Dfa so te eestiawao dm ssntheahrnl nayei Edere“epotmootnn t odt estseete awg h raetuh ams ttuinampsk t dioortlioiogiB fh lt ndttyefdt”fap syibfiictitiy h lsnahaa see0nmoytnm

gB•s et moiusdted enoicletio nii l reiiom iattsItiam ne ns.a,ernekdntl sislchsv ts nghtsu nnsadoeavcsa ao nrwestra ydascmrTm tt dausae i otblA oe

Please enable JavaScript to view this content.

1 Comment

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

  1. “The Board for Depositories also issues a separate report twice a year that details how much public money is on deposit with financial institutions. According to the most recent report, which covers Jan. 1 through June 30 of last year, Indiana banks held a combined $2.1 billion in state funds.”

    Are state funds and public money synonymous here? Or does the insurance include additional public money from cities, counties, school districts, etc.?

    Is the $2.1 billion amount the total funds on deposit or only the funds exceeding FDIC and NCUA insurance limits?

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In