Articles

Citizens Energy quizzed on exec pay levels

Citizens Energy Group has enjoyed a certain amount of public good will over the last 125 years as a not-for-profit, charitable trust. But rising incentive pay to the trust’s top brass recently has conjured up images of an investor-owned utility—and the scrutiny of regulators.

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Salin saves cash with video tellers

In what might be the strangest twist in banking technology in years, Indianapolis-based Salin Bank is the first financial institution in the state to install sophisticated, interactive video tellers.

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Live, call-in radio show focuses on Hoosier history

“Hoosier History Live!” is believed to be the nation’s only live, call-in show about a state’s history. The 5-year-old show has only an estimated 1,000 listeners, but they tend to be those who are passionate about all things Hoosier heritage.

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ProLiance Energy sold to Dallas company

Indianapolis-based ProLiance Energy, which has lost tens of millions of dollars in recent years amid falling natural gas prices, is being sold to Dallas-based Energy Transfer Partners.

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First Merchants accused of overdraft fee violations

A lawsuit seeking class-action status alleges that the Muncie-based bank manipulated the timing of customers’ transactions to cause their checking accounts to bounce more frequently, generating millions of dollars in overdraft fees.

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FDIC sues executives over Irwin failure

The Federal Deposit Insurance Corp. has filed suit against four former officers of defunct Irwin Financial Corp. banks, alleging they “closed their eyes to known risks” in approving loans that contributed to the banks’ 2009 takeover by regulators.

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Oesterle sells land to Angie’s List, reaping millions

Angie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s the property, at well above its assessed value.

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