Frankfort bank CEO dies after battle with cancer
Karen Miller, CEO of The Farmers Bank of Frankfort, died Nov. 6 after a two-year battle with cancer. She was 60.
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Outside banks nab deposits in Indy
Several out-of-town community banks have launched a full-court press on Indianapolis over the past decade and are seeing solid traction. Experts say they’re coming here because per-capita income and populations in their own back yards are growing more slowly and, in some cases, even declining.
First checks leave Durham victims underwhelmed
The $18 million payout to some 5,000 investors in Fair Finance Co. represents a recovery of about 9 cents on the dollar.
Bank loan activity rising, but small-biz lending lagging
According to the Federal Deposit Insurance Corp., at the end of 2008 Indiana financial institutions had $4.6 billion in small-business loans on the books that originated for less than $1 million. That figure stood at $3.8 billion this past June, about 17 percent lower.
Elements Financial bulks up with credit union merger
Indianapolis-based Elements Financial Federal Credit Union has scooped up 71-year-old State Service Credit Union, a move that provides Elements direct access to one of the largest employers in Indiana.
IU panel pessimistic about 2016 economy
Real output growth in 2016 will average about 2.5 percent, which will be a little better than this year, but only equal to 2014, according to the forecast from Indiana University's Kelley School of Business.
Fed’s most powerful trio keeps December rate rise on table
Federal Reserve Chairwoman Janet Yellen and New York Fed President William Dudley said the central bank could boost interest rates as soon as next month, while Fed Vice Chairman Stanley Fischer voiced confidence that inflation isn’t too far below the goal.
Stonegate Mortgage’s third-quarter loss more than expected
The Indianapolis-based non-bank mortgage company took a loss of $22.8 million in the third quarter as revenue fell 45 percent from a year ago.
Governor makes Huge appointment to Indiana Finance Authority
Dan Huge has been named public finance director of the Indiana Finance Authority, a position with which he's already familiar.
Indy Chamber beefs up its microlending territory
The U.S. Small Business Administration blessed the Chamber’s microlending division with a new designation, giving it more cash to deploy and a bigger geographical footprint.
Merger chatter casts cloud over Dow AgroSciences
Talk of synergies and consolidation may warm the hearts of investors, who are eager for Midland, Michigan-based Dow Chemical to boost returns, but they cast uncertainty over some of central Indiana’s best scientific jobs.
Small biz agency graduates first mini-MBA class
The Emerging Leaders program, managed by the Indiana SBA office, runs for seven months and targets entrepreneurs from historically challenged communities.
Fed keeps rate at record low after slowdown in job growth
The Fed offered little clarity on the likely timing of a rate hike. Some Fed officials have signaled a desire to raise rates before year's end. But tepid economic reports have led many analysts to predict no hike until 2016.
Forecast for 2016: Strategist says slow economic growth ahead
If the U.S. economy were a compact car, it would be running on just three of four cylinders. That was the central message of a Fifth Third Bank expert at IBJ's 2016 Economic Forecast on Wednesday.
First Internet continues run of profit increases
First Internet Bancorp, the parent of First Internet Bank, has seen its stock rise 91 percent since the beginning of the year.
Obama officials resist call to release mortgage giants
The U.S. owns nearly 80 percent of Fannie Mae and Freddie Mac, and investors have been pressing the administration to unwind a 2012 decision to sweep their profits to the Treasury Department.
Former Indianapolis developer tries to avoid return to jail
Sydney "Jack" Williams is at risk of going to jail for the second time since he avoided charges in a massive Ponzi scheme run out of Miami.
Anthem shares sliding after Clinton calls for merger review
Shares in Anthem Inc. and Cigna Corp., which agreed to a $48 billion deal in July, continued to slide Thursday after presidential candidate Hillary Clinton said mergers in the industry deserve more scrutiny.
Indiana startups snare surging venture capital
Firms landed more than $28 million in the third quarter, the highest quarterly total in three years and a sign of accelerating entrepreneurial momentum in the state.
Supreme Court could weigh in on student debt battle
The lawsuit asks the court to clarify 1970s-era rules that prevent borrowers from getting rid of education debt in bankruptcy, except in cases in which repaying it would constitute an “undue hardship.”