Indiana

Two Midwest community banks plan to close a total of 11 branches and record charges to pay for the shutdowns.

Acquisition costs ate into third-quarter profit at Old National Bancorp in Evansville, Ind.

Large banks are outpacing community banks in deposit gathering because new liquidity rules make deposits more valuable to the biggest banks, mobile banking has been a deposit magnet for the heavyweights, and regional and midsize players hold certain advantages over smaller rivals, too.

First Merchants Corp. recently agreed to buy a minority stake in a bank in an attractive market. The move could allow the company to obtain intel while gaining an edge should the other bank decide to sell.

First Internet Bancorp in Fishers, Ind., has issued $25 million in subordinated debt and intends to use the proceeds to support its rapid growth and perhaps for future acquisitions.

First Merchants Corp. in Muncie, Ind., has agreed to buy a minority stake in Independent Alliance Banks in Fort Wayne, Ind.

Sometimes what makes a bank a great place to work is more about the coworkers than the job itself.

Popular with employees: During the summer months, employees from the human resources department deliver fresh fruit and ice cream to employees working at the bank's 16 locations.

Fitness/wellness program: The annual "Freeze" campaign encourages employees to avoid weight gain during the holidays. Those who are successful receive a cash bonus.

Centier, No. 40 in the overall ranking, is No. 5 in the category for banks with $3 billion to $10 billion of assets.

Old National, No. 50 in the overall ranking, is No. 2 in the category for banks with more than $10 billion of assets.

New Bancorp in New Buffalo, Mich., has hired Shawna Zawada as controller and principal financial officer, days after Russell Dahl resigned as chief financial officer.

The spike in the Libor rate is a boon for banks that have lots of floating-rate loans tied to the well-known benchmark. Shifts in money market funds are the driver, with the big question being how long the run will last.

Old National Bancorp in Evansville, Ind., has agreed to buy its headquarters building and two other branches from a landlord.

Old National in Evansville, Ind., reported higher quarterly profit due to securities gains and loan growth tied to its purchase of Anchor BanCorp Wisconsin.

Lakeland Financial Corp. in Warsaw, Ind., said its second-quarter profit rose 13% to $12.8 million on loan and deposit growth and higher net interest income.

Horizon Bancorp in Michigan City, Ind., has agreed to buy CNB Bancorp in Attica, Ind.

Most banks will be content to let the rate chasers walk if CD rates rise, but they'll still need to hike payouts if they hope to keep pace with the competitors. Question is, how far will they go to retain their best customers?

First Internet Bancorp in Indianapolis plans a secondary offering of about $20 million of common stock.

Nonperforming commercial-and-industrial loans are soaring, and loans to farmers and construction firms — not just oil and gas companies — are a big reason.