CFO of MainSource lands promotion following sale
Cincinnati-based First Financial Bancorp is making changes to its executive lineup as it prepares to acquire Greensburg-based MainSource Financial Group for $1 billion.
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Chase’s Al Smith has spent nearly half-century atop Indiana banking
Smith returned to his hometown of Indianapolis in 1969, when he became an executive vice president of American Fletcher National Bank.
SEC asked to probe trades of student loan giant Navient
The AFL-CIO is asking regulators for a review of possible insider trading involving shares in Navient Corp., which has major operations in Fishers.
Email leads to $2.6M VC deal for local email-software firm
Indianapolis-based 250ok had shunned venture-capital suitors for years—until a North Dakota-based venture capital firm emailed it with the right message.
World economy picking up speed, International Monetary Fund says
The United States, the 19-country eurozone, Japan and China are all forecast to grow faster this year.
Ex-banker gets 5-year sentence for stealing customers’ money
A former assistant manager has been sentenced after pleading guilty to stealing hundreds of thousands of dollars from depositors. She said she stole the money after she became addicted to playing slot machines.
Federal regulator clamps down on payday lending industry
Payday and auto title lenders will have to adhere to stricter rules that could significantly curtail their business under rules finalized Thursday by a federal regulator.
Equifax: 2.5 million more Americans may be affected by hack
The information stolen earlier this year included names, Social Security numbers, birth dates and addresses—the kind of information that could put people at significant risk for identity theft.
Celadon Group acknowledges investigation by SEC
The Indianapolis-based transportation company confirmed something that has been speculated for months: The trucking company is under investigation by the U.S. Securities and Exchange Commission.
Equifax to offer free credit locks for life, new CEO says
Under pressure in the wake of a massive data breach, Equifax Inc. said it will debut a new service that will permanently give consumers the ability to lock and unlock their credit for free.
Carmel-based Merchants Bancorp plans state’s first IPO since 2013
Merchants intends to list its common stock on the NASDAQ Capital Market under the ticker symbol MBIN.
First Internet Bancorp raises $44.8 million in secondary stock offering
The Fishers-based financial company announced late Tuesday that it had sold 1.65 million shares of common stock at $29 per share.
Federal Trade Commission investigating Equifax breach
The FTC said Thursday that it was opening an investigation into how Equifax got hacked and tens of million Americans' personal information was either accessed or stolen.
Finish Line stock jumps on takeover speculation
Stock in Finish Line Inc. rose 6.5 percent Wednesday after an analyst at Susquehanna Financial said he believes a buyout of the Indianapolis-based retailer is likely.
Action on student loan forgiveness delayed as rules revised
Tens of thousands of former students who say they were swindled by for-profit college operators like ITT Educational are being left in limbo as the Trump administration delays action on requests for loan forgiveness.
Third member of Fishers investment firm sentenced for fraud
The third and final member of a Fishers-based capital investment firm called the Dane Group has been sentenced to three years in the Indiana Department of Correction.
Equifax’s historic hack might have exposed almost half of U.S.
Hackers exploited a website application to access names, addresses, Social Security numbers and some driver’s license numbers of potentially 143 million consumers, Equifax said Thursday.
ITT brass settled with SEC, but commissioners nixed deal
The SEC in a blistering 56-page suit had charged that the pair concealed the company’s rapidly eroding financial condition and “routinely misled” the firm’s outside accounting firm, PwC. It’s not clear what the terms of the settlements were.
First Internet Bank investing in California health care lender
The Fishers-based online bank says it will expand its presence in health care lending by agreeing to fund millions of dollars in loans for clients of the San Francisco-based startup. It also is taking a stake in the firm.
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.