Bank of America continues expansion in Indianapolis market
North Carolina-based Bank of America has opened 19 area branches since entering the Indianapolis market in 2017, including a new one in Carmel. It plans to open at least three more by 2025.
Regional/National Banks
Articles
Fifth Third Bank announces market president change
Kevin Hipskind, Fifth Third’s Indianapolis-based market president since 2018, has been promoted. His successor comes from Louisville, where he has been market president since 2015.
Connie Bond Stuart: Advocating for early education matters, both today and tomorrow
We tell our customers that the choices they make right now matter tomorrow. But these words would ring hollow if we didn’t live by them ourselves. I urge you to join us and advocate for those who do not have the opportunity or means to speak for themselves.
BMO Harris Bank names new regional president
Chris Michalski will oversee the bank’s operations in four Midwestern states from his home base in Indianapolis.
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.
Centier Bank names new Indy-area market president
Based in Merrillville, Centier has 61 banking centers throughout the state, including six in the Indianapolis area.
Carmel, PNC Bank reach agreement on land sale for mixed-use project
Carmel filed a lawsuit in August to take control of PNC’s North Range Line Road property, but the bank agreed in an out-of-court deal to sell the land for $2.5 million.
After the Fed’s likely rate hike this week, all bets are off
On Wednesday, the Fed is set to announce its fourth rate hike of the year. But after this week, no one is sure what it will do. Neither, most likely, is the Fed itself.
BMO Harris hires new Indiana commercial banking executive
BMO Harris has added a former JPMorgan Chase exec to lead its commercial banking efforts in central Indiana and around the state.
Regions Bank names new market executive in central Indiana
Erik Miner succeeds Leslie Carter-Prall, who was recently promoted to leader of private wealth management throughout Regions’ entire 15-state territory.
Wells Fargo to pay $2.1 billion for role in housing bubble
Wells Fargo is one of the last remaining big banks to settle charges related to its role in the subprime mortgage crisis.
Fifth Third to acquire Chicago’s MB Financial for $4.7 billion
Fifth Third is paying a premium to gain a bigger foothold in the Chicago market, where MB Financial is among the middle-market banking leaders with 86 retail bank branches.
KeyBank announces new central Indiana market president
Juan Gonzalez, who was promoted from within, stepped into his new role at the bank Monday.
Bank of America building first local stand-alone center in Indy push
The bank has staked out the upscale Keystone at the Crossing submarket for a staffed, free-standing addition to its growing local operations.
Banks to sell off five Indiana branches as part of $1B merger
Cincinnati-based First Financial Bancorp and Greensburg-based MainSource Financial Group have agreed to sell off five bank branches in Indiana to resolve regulatory concerns that could stand in the way of their planned merger.
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.
Fifth Third Bancorp announces local executive promotions
Steve Alonso, the bank’s Indiana regional president, will take on a national-level position effective Jan. 1. Kevin Hispkind will be promoted to fill Alonso’s old job.
Is U.S. economic recovery nearing its end after 8 years?
The chief investment strategist for Fifth Third Bank says the economy is in the seventh inning of its recovery, which is "good news." But headwinds in the labor market could be limiting the potential for growth.
Wells Fargo now says 3.5 million accounts involved in scandal
The scope of the banks fake accounts scandal grew significantly on Thursday, with the bank saying that 3.5 million accounts were potentially opened without customers’ permission.
Chase CEO drops in to quiz Indianapolis employees
Jamie Dimon and other top executives of the nation’s biggest bank were in town Wednesday to ask local employees about what’s working and what needs fixing. Some could join him on a bus trip.