JCBank expanding to Greenwood
Seymour-based Jackson County Bank, known as JCBank, said the nearly 5,000-square-foot branch will be its 12th in the state and first in Johnson County.
Branches
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With new Chase bank rising in parking lot of former Marsh, 2 other branches to close
A new J.P. Morgan Chase & Co. bank branch is expected to open May 1 at the intersection of 62nd Street and North Keystone Avenue, but two nearby locations are slated to close in early 2023.
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Chase to install solar panels on at least 17 area branches
The installations are happening at Chase branches across the United States, and each installation will provide 30% of that branch’s annual power needs, Chase spokeswoman Carlene Lule said.
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City’s poor often have few affordable options for banking, other financial services
Banking is more expensive for the people who most need it to be affordable, a reality that experts say plays a significant role in preventing many Hoosiers from snapping the cycle of poverty.
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Articles
Ball State’s downtown branch on the move; bank branch stepping in
Ball State University has vacated its Indianapolis Center at the corner of South Meridian and East Maryland streets, where it has been for 13 years. A bank that’s been embroiled in a legal battle with its landlord is making plans to move its downtown branch to the space.
KeyBank to close 16 branches in central Indiana
The Ohio-based bank says no employees will lose their jobs, and that the closures are part of a strategic shift to make bankers more nimble and meet the expectations of people accustomed to online transactions.
Developer in downtown hotel project sues bank in rift over relocating branch
Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.
Flagstar buying 33 Indiana bank branches from Wells Fargo
Wells Fargo & Co.’s sale of 52 branches to Flagstar Bancorp Inc. marks a retail-banking exit from Indiana, Michigan and Ohio.
Bank to open 3 more local offices, but with no employees
The “advanced centers” are intended to split the difference between standalone ATMs and regular branch offices.
Muncie bank buying smaller competitor for $66M
Muncie-based MutualFirst Financial’s purchase will give it additional locations in the Indianapolis market, where it currently has only one office.
Cincinnati-based First Financial buying MainSource for $1B
The two banks have overlapping footprints. As a result, First Financial said that after the merger is complete it expects to close 45 to 50 offices.
Changing times for the bank branch
In-branch transactions are declining as customers complete more business via online and mobile banking. Still, banks say physical offices remain important for a variety of reasons.
Bank of America’s existing base is advantage in entrance here
Bank of America already has customers here, but is now opening an actual branch—in the street-level retail space in the new Cummins Inc. distribution headquarters downtown.
Exterior of downtown bank headquarters getting major overhaul
The National Bank of Indianapolis is set to begin upgrading the facade of its flagship location at Pennsylvania and Market streets—the first improvement to the building's outside in more than 40 years.
Downtown Cummins building lands first retail tenant
Bank of America said it will open a branch by the end of the year in the ground floor of the office building, which opened in January and serves as Cummins’ global distribution headquarters.
Small central Indiana town set to lose its only bank branch
Leaders of a small town east of Indianapolis are trying to find a way to keep the community's only bank open.
Regions rolls out vision for branch of the future
Regions Bank last month unveiled a branch that does not feature teller lines, a format that likely will be replicated at other locations.
Banks agree to pay $9 million to settle biased-lending claim
Indianapolis might stand to benefit from a U.S. Department of Justice settlement with two Cincinnati-based banks, which are accused of biased mortgage lending in four cities.
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.
Indiana bank branches drop for sixth straight year
Banks operating in Indiana have been cutting branches since 2009, and the pruning continued in 2015.
Chase, Fifth Third rolling out new-look ATMs
After quiet debuts, Chase Bank and Fifth Third Bank plan to continue deploying tablet-interfaced ATMs in central Indiana, a sign that the slimmer machines might be a permanent fixture as banks rely less on tellers.
Fifth Third Bancorp ready to close about 100 branches
Fifth Third Bancorp said it plans to close or consolidate about 100 branches and has abandoned plans for 30 new ones. The company has more than 40 branches in the Indianapolis area.
Bank headquarters slated for new $25M Carmel Midtown project
Merchants Bank of Indiana plans to move its corporate headquarters into a 100,000-square-foot building to be constructed in Carmel’s Midtown development. The $25 million project also will contain a multi-vendor retail operation.