Federal Reserve Chairwoman Janet Yellen and New York Fed President William Dudley said the central bank could boost interest rates as soon as next month, while Fed Vice Chairman Stanley Fischer voiced confidence that inflation isn’t too far below the goal.
First Internet Bancorp, the parent of First Internet Bank, has seen its stock rise 91 percent since the beginning of the year.
Muncie-based First Merchants Corp. is to acquire Ameriana for $69 million under the deal.
Warsaw-based Lake City Bank appointed Bill Redman to lead its Indianapolis commercial banking team.
Banks operating in Indiana have been cutting branches since 2009, and the pruning continued in 2015.
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.
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.
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.
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.
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.
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.
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.
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.
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 said in the complaint that the $69 million offer is “inadequate” and that the deal deters competing bids.
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.
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 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.
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.
Federal Home Loan Bank of Indianapolis is seeing plenty of interest in affordable housing.
