Old National names ex-Indiana chief justice as director
Old National Bancorp has appointed former Indiana Chief Justice Randall Shepard to its board of directors.
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Sale of storied bank reflects industry’s difficult times
John Keach Jr., the third generation of his family to lead Indiana Bank & Trust, looked into the future and wondered how—given the lackluster economy and increasing costs for everything from employee benefits to regulatory compliance—it would generate robust earnings growth.
Old National buying Indiana Community for $79M
Evansville-based Old National will absorb 20 Indiana Community branches, including three on the southern edge of Indianapolis. Indiana Community Bank & Trust has nearly $985 million in assets.
West-side Godby building in foreclosure
A building at 4701 Rockville Road, owned by local businessman Thomas Godby, is the target of a $2 million foreclosure suit filed by Old National Bank. The building’s tenants include Tony Stewart Racing Enterprises and Sara Fisher Racing LLC.
Old National’s profit grows 41 percent
The Evansville-based financial services holding company reported third-quarter profit of $16.8 million. Earnings would have been even better without expenses related to its purchase of Integra Bank.
Cost cutting planned by Integra Bank’s new owner
Old National Bank President Bob Jones said an undetermined number of jobs will be eliminated, with the bulk of them being branch managers and other management positions.
Local banks see small-business lending surging
Chase and Fifth Third of Indiana saw 57-percent and 56-percent spikes, respectively, in loans to state businesses last year. They forecast similar growth this year.
Old National-Monroe merger costing 59 jobs
Almost 60 employees of Old National Bank and Monroe Bank are losing their jobs as the financial institutions combine their operations.
Old National Bancorp completes Monroe Bancorp buyout
Evansville-based Old National Bancorp on Monday said it completed its previously announced takeover of Monroe Bancorp of Bloomington, a deal worth about $90.1 million.
Sale of 118-year-old bank symptom of tough times
A sale is suddenly more appealing to Monroe Bancorp and other financial institutions that used to be fiercely independent.
Foreclosure washes away water park plans in Fishers
Developer Puller Group has agreed to relinquish a high-profile property approved for a massive water park and retail project to lender Fifth Third Bank following a months-long legal battle over an $8.6 million loan.
Old National profit rises
The Evansville-based bank reported a third-quarter profit of $11.9 million, up from $4 million in the year-ago period.
Old National acquiring Monroe Bancorp for $83.5M
Monroe Bancorp subsidiary Monroe Bank is the largest bank headquartered in Bloomington. With nearly $850 million in assets, it has 15 branches in central and south central Indiana, including locations in Noblesville and Avon.
Former bank exec receives 22-month sentence
Robert E. Tolle pleaded guilty Thursday in federal court of making fraudulent bank entries while serving as a loan officer at the Indianapolis office of Evansville-based Old National Bank.
Banks still cautious on commercial real estate
Singed by the downturn, banks are winnowing real estate portfolios.
Judge rules Murat Centre can keep new name
A naming-rights lawsuit brought by The Murat Temple Association against California-based event promoter Live Nation and Evansville-based
Old National Bank has been dismissed.
Old National improves second-quarter performance
The Evansville-based bank reported a 9-percent increase in second-quarter profit, helped by a continued reduction in non-interest
expenses and growth in commercial loan and business checking account activity.
Banker who wreaked havoc fesses up to felony charge
Overseeing a portfolio filled with deteriorating loans is downright
excruciating, as lending officers who’ve lived through the carnage of the recession can attest. Rob Tolle apparently
cracked under the pressure.
Former loan officer charged with falsifying documents
Prosecutors say Robert Tolle falsified a construction progress inspection report while at Old National Bank. He faces a maximum
30-year prison sentence and $1 million fine.
Old National improves first-quarter performance
Evansville-based Old National Bancorp on Monday reported a first-quarter profit of $10.1 million, up
84 percent from the prior-year period and a big improvement from the fourth quarter of 2009, when the company posted a loss
of $9.3 million.