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.
Banks
Articles
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.
First Internet Bancorp reports record quarterly profit
It was the fourth straight quarter of earnings growth for First Internet, which passed the $1 billion mark in assets during the quarter.
Old National profit slips on merger, consolidation costs
The Indiana-based bank holding company’s quarterly earnings met analyst expectations, but revenue fell slightly short of predictions.
Chase closing student lending office, laying off 73
Expected to take effect in May, the Indianapolis layoffs are part of a company-wide strategy to wind down student loan services.
In-store bank branches fall out of favor
The number of in-store bank branches—mostly at grocery stores—has been trending downward for years, and in the coming months they’ll be all but gone from Indianapolis.
Online pioneer First Internet Bank reaches landmark
First Internet Bank of Indiana, which was founded in 1999 as one of the nation’s first online-only banks, has exceeded $1 billion in assets, it announced Friday.
Some banks putting tellers behind remote monitors
“Branch of the future” is a hot phrase in banking circles, as technological changes and consumer habits prompt executives to rethink how much space and employees are needed at branches.
Longtime Chase exec Quintana to exit bank, launch new career
Maria Quintana, a Chase Bank Indiana executive widely credited with helping establish the bank here, is retiring at the end of the first quarter, the company announced.
Old National to close 5 Indy-area bank branches
The branches pegged to close locally are all in-store locations, several of which were assumed in 2009 when the Evansville-based bank bolstered its Indianapolis presence with its acquisition of Charter One.
Retailers rejected by Supreme Court on debit-card fees
The U.S. Supreme Court, without comment, left intact a Federal Reserve rule governing how much banks can collect for debit-card transactions.
How a dogged Muncie bank broke into top 10 in Indy
As of June 30, First Merchants Bank had amassed $958 million in deposits at 27 Indianapolis-area offices, placing it 10th, Federal Deposit Insurance Corp. data shows.
Prominent jeweler retrenches after auction of inventory
Despite an auction of inventory to satisfy a debt, Aronstam Fine Jewelers is in no danger of closing, the store’s owner says, thanks to the help of outside investors.
Carmel’s Merchants Bancorp aims to raise $50M for growth
One of the state’s largest privately held banks could bring in as many as 500 new shareholders to help fund growth. A planned acquisition fell apart early last year.