CLEVELAND -- First Indiana Corp., an Indianapolis-based thrift company, will consider additional acquisitions after it completes two that are pending, said president and chief operating officer Owen Melton.

"We will begin looking at additional acquisitions," both inside and outside Indiana, he told those attending a McDonald & Co. investment conference.

First Indiana has grown to $1.2 billion in assets after acquiring six other savings and loans since 1981.

Mr. Melton said the thrift's goal is to remain independent. He said it is the largest publicly held banking company in Indianapolis, following the acquisitions of its largest competitors by out-of-state firms.

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