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.
An Indiana House committee on Wednesday advanced a bill that the payday loan industry says would create a longer-term, higher-value loan for people who have such bad credit scores that they can’t be helped by regular banks.
More deals could be on the horizon as dozens of companies—including local powerhouses such as Simon, Eli Lilly and Anthem—game out what Amazon’s huge ambitions could mean for their bottom lines.
North American companies, which fell out of favor among acquirers last year, are back on the shopping list in 2018, making up almost 60 percent of all announced transactions in 2018.
Here are notable Indianapolis-area mergers and acquisitions that closed in 2017 for which financial details were not available.
OrthoPediatrics Corp. raised $52 million on Oct. 12, and Carmel-based Merchants Bancorp raised $115 million on Oct. 27.
Jerome Powell, 64, has served for 5-1/2 years on the Federal Reserve’s board. A lawyer and investment manager by training, many expect him to follow Janet Yellen’s cautious approach to interest rates.
Regulators say the broker violated industry rules by refusing to cooperate in the investigation of a customer complaint against him.
Zylo, which helps companies manage their cloud computing software subscriptions, has secured its second big round of funding—including investments from big names in the world of cloud computing.
The Fishers-based parent of First Internet Bank had another big year despite a small decrease in profit in the fourth quarter.
The sharp gains also delivered record highs for the Standard & Poor's 500 index and the NASDAQ composite.
Investors in the Durham-owned Fair Finance Co. are slated to receive an additional $5 million soon, boosting their recovery to $23 million—which works out to about 11 cents on the dollar for their $208 million in losses.
The “advanced centers” are intended to split the difference between standalone ATMs and regular branch offices.
An entrepreneur, rapper and actor who had dreams of becoming a major Indianapolis real estate developer faces charges of securities fraud, the Indiana Secretary of State’s office said Tuesday.
Thanks to a strong fourth quarter with a $40 million deal, the amount of venture capital invested in Hoosier firms surged 50 percent in 2017 over the previous year.
As 2018 gets under way, investors are wondering whether the good times will continue to roll. Some financial pros are optimistic, thanks to the economy’s robust growth and the anticipated stimulative effects of the GOP’s newly passed tax-reform plan.
Thousands of residents in central Indiana pre-paid their property tax bills before Jan. 1, resulting in more than $31 million in early payments, according to research by IBJ. The early payments marked a significant increase for most areas.
The Dow Jones industrial average closed above 25,000 points on Thursday just five weeks after its first close above 24,000.
Apollo Global Management LLC and Varde Partners have agreed to buy Fortress Investment Group’s stake in Indiana-based consumer lender OneMain Holdings Inc.
The local recipients are produce distributor IF&P Foods, parent of Indianapolis Fruit and Piazza Produce; and Wild Sports, which makes sports-themed tailgating games and accessories.
