State Coverage: Indiana

Regulators Close Two Midwest Banks

American Banker | Feb 10

The Office of the Comptroller of the Currency closed two Midwestern banks Friday, bringing the failure tally so far this year to nine. The Federal Deposit Insurance Corp., as the receiver of the failed national banks, was able to find other institutions to resolve the failures.

Why John Keach Became a Bank Seller

American Banker | Jan 25

John Keach Jr., the chairman and CEO of Indiana Community Bancorp, which agreed to sell to a rival this week, speaks for many bankers in ticking off the threats to going it alone as a community bank — and explains why his bank decided it had to get out now.

Lakeland in Indiana Reports Higher Earnings Due to Lower Provision

American Banker | Jan 25

Buoyed by a lower loan-loss provision, Lakeland Financial Corp. in Warsaw, Ind., said Wednesday that its fourth-quarter profits rose 43% from a year earlier, to $8.3 million.

First Internet Bank Expands Into C&I Lending

American Banker | Jan 09

First Internet Bancorp is creating a new division to offer traditional commercial and industrial lending to businesses in Indiana.

Stock Yards Bank in Kentucky Plans Indianapolis Expansion

American Banker | Dec 15

S.Y. Bancorp Inc. in Louisville, Ky., is looking to expand in the Indianapolis market.

First Farmers in Indiana Announces $17M Acquisition in Illinois

American Banker | Dec 15

First Farmers Financial Corp. agreed late Wednesday to acquire First Citizens of Paris Inc.

FDIC Clears CU Bank Buy

American Banker | Dec 13

WASHINGTON – The FDIC said today it approved the acquisition of Griffith (Indiana) Savings Bank by United FCU of St. Joseph, Mich., the first bank to be acquired by a credit union.

River Valley to Buy a Fellow Indiana Bank, Switch Charters

American Banker | Dec 05

Under a deal excepted to close in the second quarter, River Valley Bancorp in Madison, Ind., would pay $6.3 million in cash for all the common stock of the $82 million-asset Dupont State Bank.

Lakeland, Chemical Report 30% Jump in 3Q Profits

American Banker | Oct 25

Aided by solid loan growth, Chemical Financial Corp. in Midland, Mich., and Lakeland Financial Corp. in Warsaw, Ind., reported sharp increases in profits for the quarter that ended Sept. 30.

Two Midwestern Banks in Deal for Deposits

American Banker | Oct 13

First Midwest Bancorp Inc. said Thursday it will acquire about $185 million of deposits and a branch in suburban Chicago from Old National Bancorp.

First Merchants in Indiana Discloses Names of Latest PE Investors

American Banker | Sep 13

First Merchants Corp. in Muncie, Ind., used a regulatory filing Tuesday to disclose the names of the two private equity firms that participated in a recent private placement of common stock.

First Merchants to Repay $116 Million to TARP

American Banker | Sep 09

First Merchants Corp. in Muncie, Ind., announced Friday that is planning to exit the Troubled Asset Relief Program using a combination of proceeds from a recent stock offering and a low-interest loan from the Treasury Department's Small Business Lending Fund.