HAUKE: A prediction amid gloom: Dow 20,000 by 2020
All this doom and gloom—it’s too much. The negativity and bearishness are way overdone.
Banks
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Old National acquiring Monroe Bancorp for $83.5M
Monroe Bancorp subsidiary Monroe Bank is the largest bank headquartered in Bloomington. With nearly $850 million in assets, it has 15 branches in central and south central Indiana, including locations in Noblesville and Avon.
German American Bancorp acquires Bank of Evansville
American Community Bancorp Inc.’s subsidiary bank, Bank of Evansville, will become part of Jasper-based German American Bancorp Inc. in a deal valued at nearly $30 million.
LEADING QUESTIONS: Regional M&I prez buzzes on banking
Marathoner, mountain climber and career changer Reagan Rick approaches his work in finance with high energy and a lofty perspective. He discusses the thin air in today's lending environment.
JPMorgan Chase sues to foreclose on Durham mansion
The bank says Durham stopped making the required $18,329 monthly payments on the 30-year mortgage this spring.
Warsaw bank jumps into Hamilton County fray
Lake City Bank dipped its toe in the Indianapolis market in 2006 with a loan-production office and now has bigger ambitions.
Failed bid to take Emmis private costing millions
Emmis CEO Jeff Smulyan's JS Acquisition LLC has racked up takeover expenses of $10.2 million, a figure that's sure to escalate now that JS Acquisition is suing its one-time financier for backing out of the deal.
Bank suing Estridge Cos. for securities fraud
Bank of Indiana files complaint against the home builder, alleging it failed to repay a $1 million investment due June 30. The complaint further accuses law firm Krieg DeVault LLP of malpractice and breach of fiduciary duty.
Business bank reports second-quarter loss
Indiana Business Bank’s restructuring of a real estate loan leads to loss of $484,678 in the second quarter.
Judge rules Murat Centre can keep new name
A naming-rights lawsuit brought by The Murat Temple Association against California-based event promoter Live Nation and Evansville-based
Old National Bank has been dismissed.
Bank On Indy initiative nearing first-year goal
Program that aims to reach local population without bank accounts so far has helped more than 7,500 people open an account.
HICKS: What silly bands say about the value of things
There are economic lessons here. The most important is that the value of things is necessarily determined by what is known in econo-jargon as utility.
First Internet Bank reports strong second quarter
Fewer loan losses and an increase in net-interest income help the bank post one of its biggest quarterly profits in company history.
Small business lending measure clears filibuster
Community banks may soon be able tap a $30 billion government fund to help them increase lending to small businesses.
Integra Bank unloads five Kentucky branches
Transaction is part of Evansville-based Integra’s plan to narrow its geographic footprint, CEO Michael J. Alley said. The
bank has 59 branches in Indiana, Kentucky, Illinois and Ohio.
Secondary lender sues Chase over fire sale
Indiana Community Business Credit Corp. alleges breach of contract after JP Morgan Chase auctioned off assets of American
Sentry Guard of Greenwood.
Farmers Bank opening two branches in Hamilton County
Frankfort-based bank plans to open locations in Fishers and Noblesville as part of its plan to expand its presence in Hamilton
County.
Former loan officer charged with falsifying documents
Prosecutors say Robert Tolle falsified a construction progress inspection report while at Old National Bank. He faces a maximum
30-year prison sentence and $1 million fine.
Appraisers have little to go on in tough deal market
Until the market stabilizes, appraisers will be operating in an environment where 20 to 50 percent drops in property values
aren’t uncommon.
For PNC, there’s much riding on smooth transition
Pittsburgh-based bank starts converting former National City operations in central Indiana to its brand this weekend. But
any snags could create
opportunities for competitors to pounce on customers.