Nearly a dozen savings and loans in Indiana may convert next year to state savings-bank charters, according to the state's top financial regulator.

Charles W. Phillips, director of the Indiana Department of Financial Institutions, said his office has had "informal conversations" with 10 thrifts about converting to such charters.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.