Indiana bank stocks surge on Trump prospects
Indiana-based banks have benefited from a post-election stock jolt hitting financial stocks across the country.
Indiana Banks
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Smaller banks gobbling up market share
But heavyweights Chase Bank and PNC Bank between them still have more than a 40 percent market share, according to recently released federal data.
Banks ramp up push to bring ‘unbanked’ into fold
Financial institutions in central Indiana are increasingly rolling out services aimed at the 765,000 Hoosier households who have no banking relationship or have accounts but also use alternative financial services such as check-cashing shops.
Old National Bank names new local chief executive
Mark Bradford has been named CEO of Old National’s Indianapolis Region, replacing Randy Reichmann, who held the position for more than decade.
First Internet Bancorp builds war chest for growth
The bank said it plans to use the $23 million it raised to fund organic growth, possible acquisitions and other corporate purposes.
PROXY CORNER: MainSource Financial Group Inc.
Greensburg-based MainSource Financial Group is the holding company for MainSource Bank, which has 91 offices in Indiana, Illinois, Kentucky and Ohio.
Feds reach $15M deal in suit over failed Indiana bank
Irwin Union Bank was one of a few Indiana bank casualties of the Great Recession. The Federal Deposit Insurance Corp., which sued three former officers in 2013, has reached a settlement with those defendants.
Lizton Financial to acquire Indiana Business Bancorp
Indiana Business Bancorp, a community bank with a single branch on the north side of Indianapolis, has agreed to a $12.5 million merger with Lizton Financial Corp., a Hendricks County-based bank with 11 branches in central Indiana.
First Internet reports record quarterly earnings
The Fishers-based parent of First Internet Bank said it earned $2.4 million in the first quarter and increased its loan portfolio beyond $1 billion.
Van Til named president of banking group, groomed for CEO
Amber R. Van Til joined the Indiana Bankers Association in 2002 as a lobbyist. She’s the first woman to hold the title of president.
Old National moving local base to Monument Circle
The Evansville-based bank has secured space in the IPL Building and plans to relocate local executives and a downtown branch there this fall.
Salin taps banking veteran to lead wealth management
In his new role, John W. Coughlin, a 25-year-veteran of Indianapolis banks, will drive the bank’s investment, retirement, trust and estate, and insurance services strategies.
Hoosier banks put bad-loan woes in rearview mirror
Indiana-based banks have been spending less and less writing off bad loans over the past several years, a trend that suggests they’ve cleaned up their loan portfolios and might be willing to increase their appetite for risk.
Old National to acquire Anchor BanCorp Wisconsin
Evansville-based Old National Bank said it will purchase Anchor, the third largest bank in Wisconsin, in a stock-and-cash deal valued at $461 million.
After legal delay, First Merchants set to close Ameriana buyout
The Muncie-based bank, which agreed to purchase New Castle-based Ameriana in June, had faced two shareholder lawsuits opposing the deal. Those lawsuits have been dropped.
Outside banks nab deposits in Indy
Several out-of-town community banks have launched a full-court press on Indianapolis over the past decade and are seeing solid traction. Experts say they’re coming here because per-capita income and populations in their own back yards are growing more slowly and, in some cases, even declining.
First Internet continues run of profit increases
First Internet Bancorp, the parent of First Internet Bank, has seen its stock rise 91 percent since the beginning of the year.
Ameriana shareholders set to vote on merger
Muncie-based First Merchants Corp. is to acquire Ameriana for $69 million under the deal.
Veteran of Indy banking to lead Lake City division
Warsaw-based Lake City Bank appointed Bill Redman to lead its Indianapolis commercial banking team.
How an Indiana tech guru built a fast-growing bank
People who know David Becker say he has long been a visionary. Still, they were a bit surprised when he launched First Internet. Now, it’s one of the area’s fastest growing banks.