Indiana

SCB Bank in Shelbyville, Ind., is running low on capital after management opted to set aside more than $11 million to cover problem loans dating to the tenure of its former chief executive.

Integra Bank Corp. in Evansville, Ind., said that another large loss in the first quarter has left its bank critically undercapitalized.

The $4.41 billion-asset company said Thursday that shareholders had approved adding Allison Nickle Egidi, Najeeb Khan and Christopher Murphy to the board.

Integra Bank Corp. in Evansville, Ind., on Tuesday reported a fourth-quarter loss of $42.8 million, half its loss in the year-earlier period.

United Community Bancorp in Lawrenceburg, Ind., is planning a second-step conversion. The $488 million-asset company said late Thursday that it would sell about 59.3% of its stock still owned by its mutual holding company.

MutualFirst Financial Inc. reported a fourth-quarter profit as credit costs ticked up but securities problems abated.

Earnings at Community Bank Shares of Indiana Inc. increased 35.8% in the fourth quarter from a year earlier, to $1.4 million.

The $2.7 billion-asset company announced Thursday that it would build an 11,000-square-foot regional headquarters in Indianapolis, five years after it ventured 120 miles south from its headquarters with the opening of a loan production office.

German American Bancorp in Jasper, Ind., said Wednesday that net income climbed 10% in 2010. The $1.4 billion-asset company earned $13.4 million, or $1.21 a share, compared with net income of $12.2 million, or $1.10 a share.

Integra Bank Corp. gave a grim outlook on its future after reporting that the total risk-based capital of its bank fell 168 basis points from a quarter earlier.

Improved credit helped 1st Source Corp. in South Bend, Ind., more than double fourth-quarter earnings from a year earlier.

Several companies kicked off 2011 by completing acquisitions.

At least three banking companies marked the end of the year by closing deals.

Integra Bank Corp. in Evansville, Ind., has started trading on the Nasdaq Capital Market because of its long-depressed share price.

Another banking company plans to exit the Troubled Asset Relief Program after 1st Source Corp. of South Bend, Ind., said it received approval to repurchase preferred shares it issued two years ago.

Shareholders of American Community Bancorp Inc. in Evansville, Ind., on Wednesday approved the company's sale to German American Bancorp Inc. in Jasper, Ind.

Horizon Bancorp in Michigan City, Ind., said it has repurchased 25% of its preferred stock under the Troubled Asset Relief Program.

The $7.5 billion-asset company on Monday held a call for all of its 8% trust-preferred securities that were due in 2032 at a redemption price of $25 a share.

Integra Bank Corp. in Evansville, Ind. said Wednesday that its third-quarter loss widened by 70% compared with the second quarter, to $17.3 million.

Integra Bank Corp. said Monday that its banking subsidiary will not meet a Nov. 10 regulatory deadline to raise capital but that it has not stopped trying.