Forecast for 2015: Strategist says economy has juice
A Fifth Third Bank expert told attendees at IBJ's 2015 Economic Forecast on Thursday that the business cycle is maturing but still has some oomph left in it.
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Rankings of Indianapolis-area banks
After seemingly endless adversity, bankers anticipate brighter future. Look here to see how local institutions compare based on common measures.
Banks beckon wary millennials
Institutions have uphill climb to build trust with generation scarred by financial crisis.
High court sides with Fifth Third employees in dispute
The U.S. Supreme Court on Wednesday sided with bank employees in a lawsuit against Fifth Third Bancorp that accused management of irresponsibly investing employee retirement money in the bank's then-failing stock.
Regions revamps Indiana territory as regional banks reshuffle
A second regional bank in the metro area in as many months has announced a change in its state leaders and area boundaries.
Bank files to foreclose on Garcia Construction property
Fifth Third Bank claims that the company operated by Charles Garcia, a former Indianapolis Chamber of Commerce chairman, owes it about $2.3 million for loans on Garcia Construction’s building at 6002 N. Michigan Road, and on personal property.
Fifth Third combines Indiana banking regions
Fifth Third Bancorp has combined its Central Indiana and Southern Indiana units into a single affiliate. Nancy Huber, CEO of the company’s Central Indiana region since 2009, will retire May 15.
First Financial changes local leadership as it expands
A former Old National executive is taking the reins in the Indianapolis market, and the Cincinnati-based bank’s state operations chief has moved to Carmel to get a better on-the-ground perspective of the growth market.
Savings account rates in Indiana among lowest in nation
The study by GoBankingRates.com finds that the average return on savings at Indiana banks is 0.056 percent. However, the average for Indianapolis-area banks was considerably higher.
Bank tells tardy borrowers to get job—and offers to help
What if a mortgage lender could help the unemployed/underemployed customer find a job and avoid the roughly $50,000 it can cost the institution to foreclose? Cincinnati-based Fifth Third Bank began trying that very approach in central Indiana a few months ago, in the form of a re-employment assistance program.
Strategist: Get ready for steady economic growth
Businesses will begin using their profits and horded cash to reinvest in themselves in 2014, helping push economic growth back to a more comfortable 2.5 percent, according to John Augustine, chief market strategist for Fifth Third Bank.
Regional bank Fifth Third sees 58-percent rise in profit
Cincinnati-based Fifth Third, which has more than 800 employees at roughly 45 branches in Indianapolis, on Thursday reported net income available to common shareholders of $594 million.
Banks’ market rankings stable despite deposit shifts
BMO Harris and PNC lost some deposits, but the biggest local banks by market share remained the same.
Many banks still digging out from Great Recession trauma
The following statistics reflect performance of the 10 banks with the largest market shares in the Indianapolis Metropolitan Statistical Area.
Economy might worsen before it improves much
If it seems like the economy should be better by now, under normal circumstances it would. After all, the recession ended three years ago this month.
Bank directors feeling greater scrutiny
Tough economy, regulations dampen interest in the positions.
More banks processing transactions by date
Fifth Third among them, after being hit with class action over whether to pay customers’ biggest bills first.
Burn treatment inspires Fifth Third’s $5M Wishard gift
Fifth Third Bank executive Kevin Hipskind's experience as a patient in the burn unit of Wishard Hospital played a role in a $5 million gift the Cincinnati-based bank is making for Wishard’s new Eskenazi Hospital, under construction at IUPUI.
Former Fifth Third exec killed in Puerto Rico
Maurice Spagnoletti, a former president and CEO of Cincinnati-based Fifth Third Bancorp’s central Indiana operations, was gunned down on Wednesday. He had been an executive of Doral Bank in Puerto Rico for about six months.
Regional banks targeting midsize companies in Indiana
Improved economy, loosening credit standards are driving increased lending.