PNC to pay back bailout money, sell division
PNC, which operates dozens of bank branches in the Indianapolis area under the National City name, is selling its global investment servicing business to Bank of New York Mellon Corp. for $2.3 billion.
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Magazine ranks Old National Bank among nation’s strongest performers
Forbes magazine has named Evansville-based Old National Bank the nation’s 18th-best-performing bank.
PNC profit rises despite growing loan losses
The bank’s $1.01 billion in profit and its $5.08 billion in revenue were better than analysts expected.
Competition is likely heating up to steal away National City private clients from PNC Financial
As PNC digests its acquisition of National City Corp., it probably is pulling out the stops to protect the lucrative customers
from being lured away by competitors.
Banks gobble TARP money, suffer losses
The housing meltdown and recession gave banks in Indiana and across the nation their biggest test in decades.
Indiana banker meets with Obama, Geithner
Mark Schroeder, CEO of Jasper-based German American Bancorp, was one of just 12 community bankers who talked shop Tuesday
with the president and Treasury secretary.
Former bank manager sentenced on theft, arson
Former Fifth Third Bank assistant manager Dwayne Roberts was sentenced Tuesday to two years’ home detention and two years’
probation.
Former Huntington National Bank exec alleges age discrimination
Michael Lewis, 53, filed a complaint with the Indianapolis office of the U.S. Equal Employment Opportunity
Commission Aug. 13 and sued Huntington Oct. 15 in Marion Superior Court.
Bank slogan gets acid test
The banking crisis isn’t the only reason to rethink the ubiquitous “We care” theme.
Some observers fear return of rising prices, stagnant growth
In the 1970s, stagflation—the unprecedented combination of stagnant economic growth and inflation—threatened to ruin financial institutions. Now some fear it might make a return.
NatCity name to remain at local branches until early 2010
Pittsburgh-based PNC Financial Services Group Inc. has converted 240 former National City Bank branches to their new identity,
but the 77 Indianapolis-area locations will keep the old brand for a bit longer.
Indiana bank CEOs get bigger pay hike than peers
For banks, the last two years have been among the most tumultuous in history. Financial institution CEOs across the country
responded by trimming their raises in 2009. But in Indiana, bank chiefs didn’t follow form.
Huntington National Bank’s assets fell because partnership ended
Last week’s front-page story “Shuffling the deck” pointed out the significant gains midsize banks have
made in the Indianapolis market over the last year. The one glaring exception was Columbus, Ohio-based Huntington National
Bank, which had lost $56.3 million in local deposits as of June 30, according to the FDIC. A closer look explains
why.
Loan losses contribute to First Internet’s poor earnings
Indianapolis-based First Internet Bancorp on Wednesday said it lost $208,806 in the third quarter, as loan losses continued to increase.
Blue River posts loss on poor loan climate
Shelbyville-based Blue River Bancshares Inc. on Tuesday night said mounting loan losses contributed to a third-quarter loss of $356,000.
First Merchants posts quarterly loss on bad loans
Muncie-based First Merchants Corp. said Monday afternoon that loan charge-offs contributed to a loss of $6.4 million in the third quarter.
Former bank manager pleads guilty to theft, arson
A former assistant manager of a Fifth Third Bank branch in Indianapolis has pleaded guilty to setting fire to the bank vault
in an attempt to cover his thefts.
Old National reports earnings well below expectations
Evansville-based Old National Bancorp on Monday morning reported a third-quarter profit of $4 million, or 6 cents per diluted share, missing
consensus analyst expectations by about 5 cents per share.
Huntington Bancshares posts third-quarter loss
Huntington Bancshares Inc. says it lost money in the third quarter as the regional bank built up fatter reserves to cover
bad loans.
PNC profit rises despite growing loan losses
Shares of PNC Financial Services Group Inc. soared Thursday after the nation’s fifth largest bank said its profit grew sharply during the third quarter, even as loan losses rose.