The bank will use the three-story building that fronts Monument Circle for lending offices and a branch location. The magazine's staff plans to move into the adjacent headquarters for Emmis Communications.
The Indianapolis media firm's radio and publishing divisions saw healthy increases in revenue in its latest quarter. The company also posted a profit, although much less than in the same period last year.
Deborah Paul blazed a trail as editor in chief of Indianapolis Monthly, and later headed similar magazines across the country. She cleaned out her desk at Emmis Publishing this week. "It's a mistake to get off the stage too late," she said.
Indianapolis-based Emmis Communications Corp. announced Thursday that second-quarter revenue slipped from last year and losses nearly quadrupled. However, the sale of three radio stations for $120 million, a reduction in debt and increases in advertising give executives hope.