BKD gets bigger with Chicago, Dallas acquisitions
National accounting powerhouse BKD LLP, which has major operations in Indianapolis, is expanding its territory with two acquisitions announced this week.
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Kevin O’Toole has been named CEO of Managed Health Services, an Indiana-based unit of St. Louis-based Centene Corp. Managed Health Services administers health benefits for Hoosiers enrolled in Medicaid and the Healthy Indiana Plan, and also sells individual health insurance on the Obamacare exchange. O’Toole replaces Patrick Rooney, who has been promoted to senior vice president of health plans at Centene, overseeing five states, including Indiana. O’Toole joined Centene in 2012 as vice president of health plan operations in St. Louis. He previously worked as vice president of operations of Medco Health Solutions Inc. in Tennessee. O’Toole has a bachelor’s degree in microbiology, a master’s of health administration, and an MBA, all from the University of Missouri-Columbia.
Veteran investment banker switches firms late in game
John Reed, 70, one of the state’s leading experts in bank mergers and acquisitions, starts a new job Monday with City Securities Corp. after 23 years with the local office of Chicago-based David A. Noyes & Co.
ATM, overdraft fees keep climbing, bank survey says
The average fee for using an out-of-network ATM has vaulted 23 percent over the past five years. It has notched a new high for eight years in a row.
The Interview Issue: Maria Quintana
Maria Quintana grew up in impoverished neighborhoods near downtown Indianapolis, but today she’s part of the leadership team that runs the largest bank in the state—JPMorgan Chase Indiana.
Jimmy John’s says hacker stole credit-card data at 216 stores
The data breach affected a dozen stores in Indiana, including four in Indianapolis and one in Carmel.
Local money manager settles proxy fight, wins board seat
Carmel investment firm JWEST LLC ended up with one board seat, rather than the two it sought, but also got Rand Logistics to agree to a range of governance reforms.
LDI acquisition could be latest springboard for growth
Indianapolis-based private investment company LDI Ltd. has acquired a small biotech manufacturer in a deal it says could be the launching point for many more acquisitions.
Indiana pension fund assets grow to record high
Indiana's pension fund for public employees and teachers has grown to a record high of $30.2 billion in assets thanks to "a great year" of returns on its investments, the fund's leader says.
New Indiana Toll Road operator due amid bankruptcy
The debt-ridden private company running the Indiana Toll Road intends to transfer its operations to a new entity under a bankruptcy filing planned for Monday.
Accolades all around as Allison owners exit
Private equity firms Carlyle Group and Onex Group fared well on their purchase of Indianapolis-based Allison Transmission, with the $763 million each put into the 2007 deal more than tripling in value.
Examiner appointed in HDG Mansur bankruptcy case
An examiner will be appointed to conduct an investigation into the bankruptcies of two affiliates of troubled Indianapolis-based developer HDG Mansur. A judge, for the time being, denied a request to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7.
Fed signals plan to keep key rate at record low
The Fed said it planned to keep its benchmark rate near zero as long as inflation remains under control, until it sees consistent gains in wage growth, long-term unemployment and other gauges of the job market.
Fishers mobile app developer lands $1M in VC funding
Bluebridge Digital LLC, which creates and manages mobile software applications primarily for not-for-profits, announced Tuesday that it closed a $1 million round of venture capital fundraising and plans to double its work force within a year.
Liquidation not needed, developer HDG Mansur tells court
Two affiliates of troubled Indianapolis-based developer HDG Mansur oppose requests to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7, saying significant progress has been made toward a plan and global settlement of claims.
S&P report: Stagnant incomes threaten Indiana revenues
Sales tax is Indiana’s largest source of revenue. But it is tied to consumer spending, and Americans have become increasingly reluctant to spend as median incomes have remained virtually stagnant over the past 30 years.
Former Indy Chamber exec joins Old National
Former Indy Chamber President John Myrland has been hired by Old National Bank in the new position of community engagement executive for its Indianapolis region, the bank announced Thursday.
Crowdfunding site Localstake sees surge in deals
The seven-employee Indianapolis firm launched in June 2013, raising funds for two companies in its first six months. Over the following eight months, it brokered funding for eight companies and has eight in queue.
Pete the Planner uses humor, straight talk to become media sensation
Peter Dunn, a prolific tweeter who appears on broadcast outlets as well as in The Indianapolis Star, hopes the release of six books in January further builds his profile.