Two Hoosier companies pull off IPOs
OrthoPediatrics Corp. raised $52 million on Oct. 12, and Carmel-based Merchants Bancorp raised $115 million on Oct. 27.
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Senate approves Powell to follow Yellen as Federal Reserve chair
Jerome Powell, 64, has served for 5-1/2 years on the Federal Reserve’s board. A lawyer and investment manager by training, many expect him to follow Janet Yellen’s cautious approach to interest rates.
First Internet reports record year for earnings
The Fishers-based parent of First Internet Bank had another big year despite a small decrease in profit in the fourth quarter.
Bank to open 3 more local offices, but with no employees
The “advanced centers” are intended to split the difference between standalone ATMs and regular branch offices.
Survey: Small businesses more interested in loans
Small companies are getting more interested in borrowing, but many are still finding it hard to get loans from banks, a quarterly survey shows.
Fifth Third Bancorp announces local executive promotions
Steve Alonso, the bank’s Indiana regional president, will take on a national-level position effective Jan. 1. Kevin Hispkind will be promoted to fill Alonso’s old job.
Unconventional bank racks up torrid growth
Banks aren’t usually among a community’s fastest-growing businesses. But most banks are vastly different from Carmel’s Merchants Bancorp.
Fed makes third rate increase this year, foresees three more in 2018
Steps the Federal Reserve took Wednesday could lead over time to higher loan rates for consumers and businesses and slightly better returns for savers.
Merchants Bancorp co-founder to retire amid executive shuffle
The Carmel-based financial company also announced promotions for two other top executives.
Powell pledges to pursue Fed’s employment, inflation goals
Jerome Powell, President Donald Trump’s pick to lead the Federal Reserve, pledged to pursue the U.S. central bank’s goals of stable prices and maximum employment while keeping a watchful eye on financial sector risks.
Fed leaves key rate unchanged but hints at future hikes
With a new Federal Reserve leader about to be announced, the Fed is hinting that it's preparing to resume raising rates as the economy shakes off the effects of recent hurricanes.
Trump’s top candidate for Fed chair is Powell, sources say
In Jerome Powell, President Donald Trump would be selecting a policymaker with a reputation as a moderate whose stance on interest rate increases would likely deviate little from Janet Yellen’s cautious approach.
Merchants Bancorp shares rise in trading debut after IPO
The Carmel-based bank raised $100 million, which it plans to use for a new acquisition and to further fuel growth.
$1B bank merger notable for absence of egos
An army of MainSource Financial Group executives will have key roles at First Financial Bancorp after First Financial completes its purchase of the Greensburg-based bank early next year.
Is U.S. economic recovery nearing its end after 8 years?
The chief investment strategist for Fifth Third Bank says the economy is in the seventh inning of its recovery, which is "good news." But headwinds in the labor market could be limiting the potential for growth.
Muncie bank buying smaller competitor for $66M
Muncie-based MutualFirst Financial’s purchase will give it additional locations in the Indianapolis market, where it currently has only one office.
First Internet sees record profit, big loan growth
The Fishers-based parent of First Internet Bank also saw big increases deposit growth and net interest income.
Chase stays atop ranking of biggest banks in Indy
As of June 30, New York-based Chase held $8.6 billion in deposits within Marion County, which represents a local market share of 30.1 percent.
FBI raids financial services firm in Westfield
The bureau so far isn’t sharing details on its interest in Banc-serv, which provides services for small business lenders.
CFO of MainSource lands promotion following sale
Cincinnati-based First Financial Bancorp is making changes to its executive lineup as it prepares to acquire Greensburg-based MainSource Financial Group for $1 billion.