The Indiana Bankers Association and the Community Bankers Association of Indiana are in merger talks.
Membership in both groups has been dropping as Indiana banks have consolidated. The number of charters in the state has dropped 40% since 1990, to 183 banks, according to the Federal Deposit Insurance Corp. Only three other states-Florida, North Carolina, and Tennessee-have merged state chapters of the American Bankers Association and Independent Bankers Association of America.
Joe DeHaven, executive director of the Community Bankers group, predicted the merger would be finished by July 1, when both groups mail their dues bills. "Things are moving along," he said. "I'm not aware of any deal killers."
About 80% of the Community Bankers' members already belong to the Indiana Bankers Association.