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.Read More
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.Read More
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.Read More
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.
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.
Wells Fargo & Co.’s sale of 52 branches to Flagstar Bancorp Inc. marks a retail-banking exit from Indiana, Michigan and Ohio.
The “advanced centers” are intended to split the difference between standalone ATMs and regular branch offices.
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.
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.
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.
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.
Leaders of a small town east of Indianapolis are trying to find a way to keep the community's only bank open.
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.
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.
Banks operating in Indiana have been cutting branches since 2009, and the pruning continued in 2015.
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.
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.