Local banks see small-business lending surging
Chase and Fifth Third of Indiana saw 57-percent and 56-percent spikes, respectively, in loans to state businesses last year. They forecast similar growth this year.
Regional/National Banks
Articles
UPDATE: Regional bank shares rally on M&I Bank deal
Shares in regional banks are rallying after Canada's BMO Financial Group agreed to acquire Marshall & Ilsley Corp. in an all-stock deal.
Canadian bank to acquire Marshall & Ilsley for $4.1B
M&I has about 30 branches in the Indianapolis area and controls about 6 percent of the market's bank deposits, according to the Federal Deposit Insurance Corp. The bank is ranked sixth among area banks in terms of employment, with about 400 workers.
Indianapolis investment adviser Gene Tanner in it for the long haul
At 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's Norm Heikens about why he shifted to City Securities, his brush with convicted Ponzi scheme operator Bernard Madoff, and how his investment strategy has changed.
Indianapolis Super Bowl project gets $1M boost
The grant from JPMorgan Chase Foundation clears the way for construction of the Chase Near Eastside Legacy Center.
Hentschel ramrodding KeyBank development in Indianapolis
Exec adds branches, deposits, after completing a stint at a human-resources firm.
White House doubts need to halt all foreclosures
A top Obama adviser questioned the need Sunday for a blanket stoppage of all home foreclosures, despite evidence that banks have used inaccurate documents to evict homeowners.
LEADING QUESTIONS: Regional M&I prez buzzes on banking
Marathoner, mountain climber and career changer Reagan Rick approaches his work in finance with high energy and a lofty perspective. He discusses the thin air in today's lending environment.
Secondary lender sues Chase over fire sale
Indiana Community Business Credit Corp. alleges breach of contract after JP Morgan Chase auctioned off assets of American
Sentry Guard of Greenwood.
For PNC, there’s much riding on smooth transition
Pittsburgh-based bank starts converting former National City operations in central Indiana to its brand this weekend. But
any snags could create
opportunities for competitors to pounce on customers.
PNC Financial’s quarterly profit falls on bailout repayment
PNC Bank has about 80 bank branches and 1,100 employees in the Indianapolis area, all doing business under the National City
name.
Huntington Bancshares reports first profit since 2008
Huntington National Bank, a subsidiary of Huntington Bancshares, operates nearly 50 branches and has about 600 employees in
the Indianapolis area.
Community banks face fight of their lives against big players
Small, community banks will bet on their strength in customer service, and large banks will offer business customers lower
costs.
PNC to pay back bailout money, sell division
PNC, which operates dozens of bank branches in the Indianapolis area under the National City name, is selling its global investment servicing business to Bank of New York Mellon Corp. for $2.3 billion.
PNC profit rises despite growing loan losses
The bank’s $1.01 billion in profit and its $5.08 billion in revenue were better than analysts expected.
Bank buys part of property targeted for Fishers water park
A high-profile piece of land in Fishers that is part of a proposed hotel and water park project has been bought by the bank
that foreclosed upon it.
Former bank manager sentenced on theft, arson
Former Fifth Third Bank assistant manager Dwayne Roberts was sentenced Tuesday to two years’ home detention and two years’
probation.
Former Huntington National Bank exec alleges age discrimination
Michael Lewis, 53, filed a complaint with the Indianapolis office of the U.S. Equal Employment Opportunity
Commission Aug. 13 and sued Huntington Oct. 15 in Marion Superior Court.
Huntington National Bank’s assets fell because partnership ended
Last week’s front-page story “Shuffling the deck” pointed out the significant gains midsize banks have
made in the Indianapolis market over the last year. The one glaring exception was Columbus, Ohio-based Huntington National
Bank, which had lost $56.3 million in local deposits as of June 30, according to the FDIC. A closer look explains
why.
Former bank manager pleads guilty to theft, arson
A former assistant manager of a Fifth Third Bank branch in Indianapolis has pleaded guilty to setting fire to the bank vault
in an attempt to cover his thefts.