Chase remains Indy’s biggest bank
PNC and Fifth Third rank as the second and third largest area bank by deposits.
PNC and Fifth Third rank as the second and third largest area bank by deposits.
Chris Michalski will oversee the bank’s operations in four Midwestern states from his home base in Indianapolis.
BMO Harris has added a former JPMorgan Chase exec to lead its commercial banking efforts in central Indiana and around the state.
BMO Harris Bank, the area’s fifth-largest bank by deposits, is trimming about 4 percent of its workforce as it adapts to changing customer habits.
After seemingly endless adversity, bankers anticipate brighter future. Look here to see how local institutions compare based on common measures.
BMO Harris Bank’s dealer compensation change—to a flat-fee based on a vehicle’s purchase price—brings to light how consumers have for years unknowingly footed a payment to dealers through higher interest rates on their car loans.
At first blush, a poll that suggests 40 percent of Hoosier businesses plan to invest money into their business this year sounds promising.
BMO Harris and PNC lost some deposits, but the biggest local banks by market share remained the same.
The following statistics reflect performance of the 10 banks with the largest market shares in the Indianapolis Metropolitan Statistical Area.
BMO Harris Bank’s expansion in Indianapolis and other markets via its acquisition of M&I Bank is off to a rocky start as many customers still are unable to access their online banking accounts.