Central Indiana real estate auction activity heats up
A recent wave of foreclosure auctions suggests banks and other underwater real estate owners finally are poised to let go of a glut of properties.
Banking & Finance
Articles
HAUKE: A prediction amid gloom: Dow 20,000 by 2020
All this doom and gloom—it’s too much. The negativity and bearishness are way overdone.
OneAmerica dodged crisis, now reaps rewards
The Indianapolis-based life insurer's investment portfolio held up through the recession, and the company reported record revenue and profit in 2009.
Old National acquiring Monroe Bancorp for $83.5M
Monroe Bancorp subsidiary Monroe Bank is the largest bank headquartered in Bloomington. With nearly $850 million in assets, it has 15 branches in central and south central Indiana, including locations in Noblesville and Avon.
German American Bancorp acquires Bank of Evansville
American Community Bancorp Inc.’s subsidiary bank, Bank of Evansville, will become part of Jasper-based German American Bancorp Inc. in a deal valued at nearly $30 million.
BofA delays foreclosures in Indiana, 22 other states
Move adds the nation’s largest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases without verifying the information in them.
Two Indianapolis accounting firms among best-managed
BGBC Partners LLP and Katz Sapper & Miller LLP were recognized in the latest annual ranking compiled by Inside Public Accounting.
HICKS: An inconvenient truth about teachers’ unions
From what I have seen and read, this documentary is destined to change radically our perception of schools, and those who stand in the way of fixing them.
Angie’s List investors not ready to cash in yet
The 15-year-old company now has raised nearly $100 million in debt and equity financing and backing from individuals.
Court of Appeals upholds Miller estate decision
The Indiana Court of Appeals has sided with former Columbus, Ind., banker Will Miller in an estate battle launched by his older brother, Hugh. In an opinion issued Thursday, the court said Will Miller was correct to spend more than $20 million over 3-1/2 years on the upkeep of properties owned by the wealthy Columbus family.
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.
HAUKE: America’s fat reputation doesn’t tell whole story
Despite reports of how overweight and out of shape Americans are, there are thousands of us who are addicted to working out. We fill gyms all across the land.
HICKS: The end of a recession doesn’t feel like one
It is good to look back on the recession and think about where we’ve been and how this recession stacked up against others.
JPMorgan Chase sues to foreclose on Durham mansion
The bank says Durham stopped making the required $18,329 monthly payments on the 30-year mortgage this spring.
Warsaw bank jumps into Hamilton County fray
Lake City Bank dipped its toe in the Indianapolis market in 2006 with a loan-production office and now has bigger ambitions.
SKARBECK: Expect more battles over public pensions
This year, 15 states have enacted legislation to reduce future public pension obligations.
HICKS: Variables cloud business-location question
The problem is that the reasons for business-location decisions change from time to time.
Failed bid to take Emmis private costing millions
Emmis CEO Jeff Smulyan's JS Acquisition LLC has racked up takeover expenses of $10.2 million, a figure that's sure to escalate now that JS Acquisition is suing its one-time financier for backing out of the deal.
U.S. homes lost to foreclosure up 25 percent this year
August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. Banks have been stepping up repossessions to clear out their backlog of bad loans.
Bank suing Estridge Cos. for securities fraud
Bank of Indiana files complaint against the home builder, alleging it failed to repay a $1 million investment due June 30. The complaint further accuses law firm Krieg DeVault LLP of malpractice and breach of fiduciary duty.