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.
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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.
PNC Bank’s Givens bucks trend of men leading wealth management operations
Nadine Givens climbed the ladder beginning from a childhood in which she worked at the convenience store her mother managed.
Veteran Indy banking executive Heyworth dies
Anthony Heyworth, a long-time central Indiana banking executive, served on the boards of several companies and not-for-profits.
Hipskind tapped for Fifth Third post
Hipskind, 47, who will lead Indian's central and northeast regions, is a 20-year veteran of the local banking industry.
First Merchants closes $49M acquisition of Community Bank
The deal gives First Merchants a stronger foothold in affluent Hamilton County, and a total of 107 locations in three states.
Salin taps Belden as market chief
Indianapolis-based Salin Bank and Trust Co. has tapped former Regions Bank executive John M. Belden for one of its community president positions.
Key taps veteran Indy banker to oversee 3-state region
KeyCorp said Leo G. “Skip” Watson will be its regional sales executive for the Great Lakes, overseeing operations in Indiana, Ohio and Michigan.
After attack from Christ Church, JPMorgan fires back
JPMorgan Chase argues it did a "solid" job managing trust accounts endowed by Eli Lilly Jr. The banking giant says the church's lawsuit cherry-picks facts and paints a "grossly inaccurate picture."
New rules adopted in hopes of spurring home loans
With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market.