Old Nat May Be Eyeing Failed Banks

With as much as $196.6 million headed to its war chest, Old National Bancorp in Evansville, Ind., could be striking deals for failed banks soon.

Regulators Shut Subsidiaries of Indiana's Irwin Financial

Closures bring the year's failure total to 94

The failures of $2.7 billion-asset Irwin Union Bank and Trust Co. and $493 million-asset Irwin Union Bank were estimated to cost the Deposit Insurance Fund a total of $850 million.

The Real 'Scarlet Letter' Was Not Receiving Tarp

A year after the Troubled Asset Relief Program came along, a growing number of community banks the government spurned are on the brink of failure.

CB and First Farmers Agree to Merge

First Farmers Financial Corp. in Converse, Ind., and CB Bank Shares Inc. in Russiaville, Ind., said Thursday that they have agreed to merge.

Integra Reports $44 Million Loss

Despite a second-quarter loss of $43.9M that left it with a capital shortfall, Integra Bank in Indiana said it has made progress in dealing with its souring ...

Irwin Sells Loans, Branches to Buy Time

The struggling Irwin Financial is selling branches and loans to buy time as it negotiates with the government to come to its rescue.

White River-First Chicago Deal is Off

White River, a subprime auto financing provider in Indianapolis, said in a securities filing that it has nixed plans to merge with the $1.3B-asset First Chicago Bancorp.

Weighing the Impact of Integra's OCC Agreement

Integra Bank of Evansville, Ind., is getting closer scrutiny from its regulator, but there is some debate about how that might affect the $3.6 billion-asset company.

Making a Case to Give Tarp to Strugglers

Irwin Financial, which desperately needs capital, is proposing that the Treasury Department create a program for companies too weak to qualify for Tarp.

Integra CEO Pays a Price for Firm's Issues: Demotion

Vea says he suggested "unusual transition" to board

The $3.6 billion-asset Integra said it had stripped Michael T. Vea of his chairman and CEO titles and his board seat. He will remain Integra's president and have "modified ...

First Savings of Indiana in Deal to Double

Six months after raising roughly $25 million in an initial public offering, First Savings Financial is putting the money to work in a deal that would more than double its asset size.

Here's Your Money Back: Four Firms Pull Out of Tarp

Iberiabank, Old National Bancorp, Bank of Marin Bancorp, and Signature Bank said they redeemed all the preferred shares they issued to the Treasury Department in December.

For Integra, 2nd Try at a Deal?

Integra Bank said Monday that it had reclassified as nonperforming a $17.5M loan to Peoples Community in West Chester, Ohio. Integra had called off a deal to buy ...

Old National to Miss 4Q Earnings Target

Old National Bancorp in Evansville, Ind., said it expects to report its fourth-quarter earnings fell well short of its estimates, as a result of a spike in problem loans ...