The Series A funding round was led by New York City-based 645 Ventures and Boulder, Colorado-based Foundry Group, with returning investments from locally-based High Alpha and Time Ventures.
Entrepreneur and private investor Rick Gibbs, who co-founded Dealer.com in 1998 and sold it Dealertrack for a billion dollars in 2014, has joined Driven Data as chairman as part of the investment.
David Becker, who founded the Fishers-based bank in 1999, will relinquish his role as president but remain at the bank as CEO and chairman.
All 23 of the nation’s biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday.
Congress on Thursday overturned a set of regulations enacted in the final days of the Trump administration that effectively allowed payday lenders to avoid state laws capping interest rates.
The White House replaced the regulator who oversees mortgage giants Fannie Mae and Freddie Mac after the Supreme Court ruled that the leadership structure of the Federal Housing Finance Agency was unconstitutional.
Investors are still figuring all the ramifications of the Fed’s latest meeting on interest-rate policy, where it indicated it may start raising short-term rates by late 2023.
During a 2015 lunch with the bank’s president and CEO, Cindy Konich, and its then-human resources director, Lottie told them how much she enjoyed working on human resources and employment-law issues. She thought it was a casual conversation, but her colleagues had something else in mind.
Busey Bank says it has lost more than $100 million in loans to a competitor because of “brazen and systematic poaching” of its employees.
Indianapolis is the first non-Ohio market and the fourth market overall, for CFBank. The company has hired a market president and is currently scouting for office space.
The Federal Reserve expects inflation will climb to 3.4% this year, higher than the central bank’s previous forecasts, and projected for the first time that there could be two interest rate hikes in 2023.
The Noblesville City Council approved the bond anticipation note Tuesday to set the stage for a much larger future bond dedicated to the planned Pleasant Street expansion project.
With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first steps toward dialing back its ultra-low interest rate policies. It will be a fraught discussion.
The program, Build Fund, helps small businesses that are not ready for traditional bank loans receive affordable funding.
Indianapolis-based mall owner Simon Property Group is among the retailer’s largest unsecured creditors; it is owed more than $3 million in rent payments.
Two key U.S. senators introduced legislation Wednesday designed to spur faster payouts from donor-advised funds and foundations, giving new momentum to an effort that has deeply divided philanthropy.
Several of the central bank’s districts reported that increased vaccination rates and relaxed social-distancing measures were having a positive impact on the economy.
The bank cited specifically the impact that overdraft fees have on Black and Latino households, which are historically poorer than their white counterparts and are hit with overdraft fees more often.
Indianapolis-based Indiana Members Credit Union will add 2,231 members, two offices and $17 million in assets by adding Members Choice Federal Credit Union through a merger.
The deal is the largest to date by far for Old National, which has grown dramatically over the past decade through a series of acquisitions.
