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.
Indiana Banks
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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.
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.
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.
Ex-banker gets 5-year sentence for stealing customers’ money
A former assistant manager has been sentenced after pleading guilty to stealing hundreds of thousands of dollars from depositors. She said she stole the money after she became addicted to playing slot machines.
Carmel-based Merchants Bancorp plans state’s first IPO since 2013
Merchants intends to list its common stock on the NASDAQ Capital Market under the ticker symbol MBIN.
First Internet Bancorp raises $44.8 million in secondary stock offering
The Fishers-based financial company announced late Tuesday that it had sold 1.65 million shares of common stock at $29 per share.
First Internet Bank investing in California health care lender
The Fishers-based online bank says it will expand its presence in health care lending by agreeing to fund millions of dollars in loans for clients of the San Francisco-based startup. It also is taking a stake in the firm.
Old National making entry into Minnesota with $303M acquisition
Old National Bancorp. announced plans Tuesday to acquire St. Paul, Minnesota-based Anchor Bancorp Inc.
Cincinnati-based First Financial buying MainSource for $1B
The two banks have overlapping footprints. As a result, First Financial said that after the merger is complete it expects to close 45 to 50 offices.
First Internet Bancorp reports another record-setting quarter
The Fishers-based company said loan growth helped boost profit during the second quarter.
First Merchants completes acquisition of Independent Alliance Banks
The merged companies make up the second-largest financial holding corporation headquartered in Indiana, behind Evansville-based Old National Bank Bancorp.
Changing times for the bank branch
In-branch transactions are declining as customers complete more business via online and mobile banking. Still, banks say physical offices remain important for a variety of reasons.
Butler to launch business center with $5M gift from Old National
The center, to be called the Old National Bank Center for Closely Held Business, will have its offices in Butler’s Andre B. Lacy School of Business, but it will work with companies around the state.
Exterior of downtown bank headquarters getting major overhaul
The National Bank of Indianapolis is set to begin upgrading the facade of its flagship location at Pennsylvania and Market streets—the first improvement to the building's outside in more than 40 years.
Judge’s ruling ends civil suit against former Irwin Union bank officers
An Indianapolis judge has ruled in favor of three former Irwin Union Bank & Trust Co. executives, closing the book on a civil suit that the bank’s bankruptcy trustee originally filed in 2011.
Small central Indiana town set to lose its only bank branch
Leaders of a small town east of Indianapolis are trying to find a way to keep the community's only bank open.
First Internet Bancorp reports another record quarter
Fishers-based First Internet Bancorp on Thursday said it realized record earnings in the fourth quarter—the 10th time in 11 quarters it has seen rising earnings.