Carmel-based Merchants Bancorp plans $21.9M bank acquisition
The acquisition will add three banking offices to Merchants’ subsidiary, Joy State Bank.
The acquisition will add three banking offices to Merchants’ subsidiary, Joy State Bank.
In a proposal that has already drawn criticism from neighbors, a developer has filed plans to build 42 townhomes and 25 single-family homes.
Longtime local entrepreneur Jim Sapp is revving up for expansion of his latest venture: Commercial Self Storage, a company geared to business customers.
A growing number of Democrats in Hamilton County have placed their names on the ballot this year. Twenty-five candidates have already filed to run for either a state or local office.
The Indianapolis-based system has spent $9 million on the “high-tech integrated service center,” but hopes to save up to $3 million a year through standardizing inventory, ordering in bulk at a discount, and streamlining delivery routes.
The region got a boost from being home to pharmaceutical giant Eli Lilly and Co., along with numerous contract research organizations, suppliers and testers.
The Indiana data is less bleak than the national average, which found a full-time worker would have to earn $22.10 on average to afford a two-bedroom rental.
Steven Shapiro—who was blamed for a major squabble that sent three top executives fleeing from Carmel-based Baldwin & Lyons Inc. two years ago—has now himself left the insurance company.
After a period of rapid growth for The Speak Easy, Julie Heath wants to refocus its energies on membership development and providing startups in central Indiana the resources necessary to grow.
Kenneth Ray Cleveland, 64, received the punishment from U.S. District Court Judge Tanya Walton Pratt after pleading guilty to federal fraud and money laundering charges.
The 8-year-old firm, which focuses on investing in early-stage Midwestern tech companies, this week filed plans with the Securities and Exchange Commission to raise $50 million to $100 million for the new fund.
Local organizations have recently seen a spike in leadership turnover, with at least 80 organizations advertising for a new CEO, executive director or president since the beginning of 2017.
The lawsuit alleges that ITT Educational’s bankruptcy and the closure of its 130-school chain could have been avoided or minimized if the board of directors had fulfilled its duties instead of focusing on keeping former CEO Kevin Modany happy.
The Indianapolis-based health system said it will continue to study possibilities for the land after neighbors objected to plans calling for nine buildings and four parking garages that carried an estimated price tag of $1 billion.
Plans for the six-story hotel in the expansive, $110 million Yard project will be reviewed Tuesday by city officials.
The condominium developer, which spun out of Indianapolis-based Milhaus two years ago, also has expanded its reach with a $12.5 million project in the Village of West Clay.
Sobczak Construction Services Inc. plans to build 13 high-end homes on two waterfront cul-de-sacs. Meanwhile, Davis Homes has received the green light for a project of similar scope in Westfield.
The private prep school in Carmel envisions outdoor classroom space, an orchard, an amphitheater, new athletic fields and a building specifically for art classes.
Cryptocurrency might not be coming to a bank near you—yet. But bitcoin ATMs are springing up across central Indiana and the nation, and some tech leaders say that, within a decade, cryptocurrency could be more life-altering than the internet.
Early adopters say blockchain has the potential to revolutionize everything from executing insurance contracts and conducting financial transactions to assuring food safety.