Veteran of Indy banking to lead Lake City division
Warsaw-based Lake City Bank appointed Bill Redman to lead its Indianapolis commercial banking team.
Banks
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Indiana bank branches drop for sixth straight year
Banks operating in Indiana have been cutting branches since 2009, and the pruning continued in 2015.
How an Indiana tech guru built a fast-growing bank
People who know David Becker say he has long been a visionary. Still, they were a bit surprised when he launched First Internet. Now, it’s one of the area’s fastest growing banks.
Yellen says she expects Fed to raise rates by year’s end
In a lecture Thursday, Federal Reserve Chairwoman Janet Yellen suggested that global economic weakness won't likely be significant enough to dissuade the Fed from raising its key short-term rate from zero by December.
Fed leaves key interest rate unchanged, citing low inflation
The Federal Reserve on Thursday decided to keep U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.
Five things to watch for from the Federal Reserve
Will the Fed raise the benchmark short-term interest rate from a record low on Thursday afternoon? Economists remain unsure, though the consensus seems to have shifted against the likelihood of an increase.
Judge tosses lawsuit over Bank of Indiana’s flameout
The dismissal sidelines an array of allegations related to a soured purchase of bonds from prominent homebuilder Estridge Cos. and other transactions that went south.
JPMorgan Chase settles suit over Christ Church trust accounts
The Monument Circle church suffered a setback in May after a judge threw out most of the case against the banking giant but give it a chance to refile most of its claims.
Chase, Fifth Third rolling out new-look ATMs
After quiet debuts, Chase Bank and Fifth Third Bank plan to continue deploying tablet-interfaced ATMs in central Indiana, a sign that the slimmer machines might be a permanent fixture as banks rely less on tellers.
Indiana banks cash in on overdraft fees as low rates linger
Now we know exactly how much of a fortune—or not—that larger, Indiana-based banks are generating from those ill-timed debit and ATM transactions.
First Financial buying Indy lender in $110M deal
Cincinnati-based First Financial Bancorp has agreed to pay $110 million to acquire Indianapolis-based Oak Street Holdings Corp., a lender to insurance agents and brokers, the bank announced Thursday afternoon.
Ameriana shareholders sue over First Merchants buyout terms
Ameriana shareholders said in the complaint that the $69 million offer is “inadequate” and that the deal deters competing bids.
Salin Bank gets a new CEO
James P. Alender has taken over as CEO of Indianapolis-based Salin Bank & Trust Co., a family owned bank with 19 branches and assets of more than $750 million.
First Merchants to buy Ameriana for $69 million
It marks the second announced acquisition in less than a year for First Merchants, underscoring growth plans for the second-largest Indiana-based bank.
Fifth Third Bancorp ready to close about 100 branches
Fifth Third Bancorp said it plans to close or consolidate about 100 branches and has abandoned plans for 30 new ones. The company has more than 40 branches in the Indianapolis area.
Fed is moving toward rate hike, but just when still unclear
Many analysts predict that if the economy keeps improving, the Fed will raise its key short-term rate in September. That rate has been held near zero since 2008.
‘Bank for banks’ foresees rising demand
Federal Home Loan Bank of Indianapolis is seeing plenty of interest in affordable housing.
Judge dismisses bulk of Christ Church suit against JPMorgan
Christ Church Cathedral sued JPMorgan last year, saying the bank selected unsuitable and poorly performing investments, causing the church trusts to lose $13 million in value from 2004 to 2013.
Banks shuffle downtown Indy locations
Centier Bank intends to fill the downtown office space to be vacated by First Financial Bank, which recently opened elsewhere downtown.
Bank headquarters slated for new $25M Carmel Midtown project
Merchants Bank of Indiana plans to move its corporate headquarters into a 100,000-square-foot building to be constructed in Carmel’s Midtown development. The $25 million project also will contain a multi-vendor retail operation.