M&A opportunities are plentiful for Horizon Bancorp in Indiana

BankThink

Community banking M&A Capital Growth strategies Indiana Michigan OhioDespite ongoing industry consolidation, the company still expects to have at least 10 chances each year to buy another bank.

Indiana mutual to raise $22M from second-step conversion

BankThink

Community banking Mutual banks Charter conversions Capital IndianaMid-Southern Bancorp could use proceeds to make more loans or to pursue acquisitions.

NCUA Chairman Rodney Hood visits Indiana League

CU Insight

NCUA Chairman Rodney Hood was at the Indiana Credit Union League office Monday to visit with several members of the League board of directors, members of its Governmental Affairs Committee and senior management.

First Internet in Indiana Seeking $25M Raise from Stock Offering

American Banker

disclosed in a regulatory filing that it is looking to raise $25 million capital through a stock offering. breaking_news community-banking capital strategic-alternatives in dealmaking-strategyFirst Internet Bancorp in Fishers, Ind.,

First Merchants to Buy Minority Stake in Indiana Bank

American Banker

breaking_news dealmaking-strategy capital strategic-alternatives in community-bankingFirst Merchants Corp. in Muncie, Ind., has agreed to buy a minority stake in Independent Alliance Banks in Fort Wayne, Ind.

Horizon Bancorp in Indiana Restructures Balance Sheet to Repay Debt

American Banker

breaking_news dealmaking-strategy capital strategic-alternatives in community-bankingHorizon Bancorp in Michigan City, Ind., has restructured its balance sheet to improve its margins and financial returns.

Horizon's latest acquisition to provide push into N. Michigan

BankThink

The Indiana company will pay $92 million for Wolverine Bancorp. Community banking M&A Capital Indiana Michigan

Acquisitions possible after First Internet raises $45 million

BankThink

The Indiana company could also use proceeds from the planned stock sale to pay off debt. Capital Strategic plans Community banking Indiana

Merchants Bancorp acquiring deposit-rich bank in Illinois

BankThink

The Indiana bank would add nearly $100 million in deposits with its purchase of FM Bancorp. Community banking M&A Capital Indiana Illinois

German American to enter three Ky. markets with First Security deal

BankThink

The Indiana company agreed to pay $101 million for the $586 million-asset First Security. Community banking M&A Capital Growth strategies Kentucky Indiana

First Financial in Ind. to enter two states with HopFed acquisition

BankThink

Community banking M&A Capital Indiana KentuckyThe $128 million acquisition will provide First Financial with its first branches in Kentucky and Tennessee.

First Internet to raise $50M to support growth

BankThink

which went public in 2013, could also use the capital for acquisitions and other investments. Community banking Online banking Capital IndianaFirst Internet Bancorp in Fishers, Ind.,

F&M expands northeast Ind. operations with Limberlost acquisition

BankThink

Community banking M&A Capital Growth strategies Ohio IndianaFarmers & Merchants will pay $89 million for the parent of Bank of Geneva.

Old National making big leap in Minneapolis with KleinBank purchase

BankThink

Community banking M&A Capital Growth strategies Indiana MinnesotaOld National will have the fifth-biggest deposit market share in the city when it completes the $434 million acquisition.

The United States Of Venture Capital: The Most Active VC In Each State

CB Insights

Using CB Insights data, we analyzed the most active venture capital firm in each state, based on unique tech investments from 2014 to 2019 YTD (1/24/19). We excluded debt deals and only considered venture capital, corporate venture capital, super angel, and growth equity firms.

First Financial in Ohio to cross $10B in assets with big acquisition

BankThink

The company agreed to buy MainSource Financial in Indiana for $1 billion, creating a Midwestern bank that will have more than 200 branches and $13 billion in assets. M&A Capital Succession planning Ohio Indiana

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First Commonwealth in Ind. to enter Cincinnati with Foundation Bank deal

BankThink

Community banking M&A Capital Growth strategies Indiana OhioThe company, which agreed to pay $58 million for Foundation's parent, will gain five branches in Cincinnati.

Civista makes big push in Cincinnati with United acquisition

BankThink

Community banking M&A Capital Growth strategies Indiana OhioThe company has agreed to buy United Community Bancorp. With the $114 million deal it would add five branches in the Cincinnati area.

How Healthy Are Hoosier State Storefronts?

PYMNTS

In a normal year, Indiana just isn’t a major player in the primary season, because, generally speaking, by early May everything is usually wrapped up except for the official vote count and the balloon drop. And, as it turns out, though it is surprising that it all might come down to Indiana, in a certain sense there is something oddly appropriate about it. Sure, Hoosier is a slang term for a person from Indiana — everyone knows that — but why is that the case?

First Merchants to buy Arlington Bank in Ohio

BankThink

Community banking M&A Branch deals Consolidations Integrations Capital Indiana OhioFirst Merchants in Muncie, Ind., has agreed to buy Arlington Bank in Upper Arlington, Ohio.

Merchants Bancorp in Ind. is latest bank to plan IPO

BankThink

Community banking Capital IPOs IndianaThe company is looking to raise about $115 million. A portion of the proceeds would help pay for Merchants' pending purchase of Joy State Bank.

Why Chicago frustrates bankers

BankThink

Community banking Regional banks Capital Illinois Indiana WisconsinRising taxes, declining population and the political landscape in Illinois have led several bankers to put more money and resources into nearby states.

Buying spree continues for Horizon in Ind.

BankThink

M&A Community banking Capital Growth strategies IndianaThe $3.2 billion-asset company agreed to pay $32 million in cash and stock for Lafayette Community Bancorp in a deal that is expected to close in the third quarter.

Indiana CU Beats Top National 2-Year CDs

Bankrate

With a Federal Reserve rate hike still on hold until October or December, Indiana savers might want to capitalize on the CD deal at FORUM Credit Union. It’s paying 1.75% APY on a 23-month CD with a $500 minimum deposit. FORUM’s offer handily beats the top nationally available 2-year yield of 1.52% APY from the banks on [.]. CD Rates 23-month cd best cd rates certificates of deposit forum credit union

Wells Fargo Hires Headhunter For CEO Search

PYMNTS

Greg Donaldson, chairman of Donaldson Capital Management in Indiana, said shares in the company would be “the best stock on earth to buy” with the right CEO. “It Wells Fargo has hired executive search firm Spencer Stuart to search for a new CEO.

Rover180 Acquires Vemity To Boost AI Capabilities

PYMNTS

Rover180 has acquired Vemity , an Indiana-based company that specializes in artificial intelligence (AI) automation and machine learning. Located in Indianapolis, Rover180 provides alternative supply chain finance and factoring programs.

Deposits: Do you want a relationship or fries with that?

Jeff For Banks

First Internet Bank of Indiana is primarily a pure Internet play that does not enjoy the same brand splash as ING. The FDIC considered these deposits to be high cost, and therefore would not allow banks that fell below well capitalized to offer it.

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Payments’ Stranger Things

PYMNTS

The first two seasons of “ Stranger Things ” were all about the efforts of Eleven — a paranormal psychic — and the townspeople living in the fictional town of Hawkins, Indiana, to keep the hive mind from turning the real world into their upside down. As part of that capital raise, there was also a commitment to buy an additional $30 million in tZERO tokens to be used inside the blockchain/crypto-enabled ecosystem that Overstock, with its tZERO subsidiary, is creating.

Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigio

• Indianapolis, Indiana – First Internet Bank of Indiana ($249 million). Flagstar capitalizes on going local, too. Finding one’s dream home can be a tedious, lengthy process. Financing it can feel even more cumbersome for many homebuyers.

New Mobile Healthcare Efforts Point To Wider Payment Trends

PYMNTS

The app, called CareSpree, reportedly will roll out later in July in Indiana before expanding to other states in Anthem’s territory.

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Beacon Credit Union (IN) Offers Highly Competitive 30-month CD Special

Deposit Accounts

Only nine states permit credit unions to be privately insured (Alabama, California, Idaho, Illinois, Indiana, Maryland, Nevada, Ohio, and Wyoming). Beacon Credit Union membership is available to anyone who lives or works in the northern Indiana counties of Allen, Blackford, Carroll, Cass, DeKalb, Fulton, Grant, Howard, Huntington, Kosciusko, Madison, Marshall, Miami, Pulaski, Steuben, Wabash, White, or Whitley. Related Pages: Beacon CU (IN) , Indiana.

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Possible Sale Of Cars.com Comes Amid Stronger Digital Ties For Automotive

PYMNTS

The paper reported that, in May, the online retailer “added two directors to its 11-member board that were nominated by activist investor Starboard Capital. A Walmart representative said locations will open in Georgia, Illinois, Indiana and Virginia soon, as well as on a microsite on Walmart.com. SouChe.com , the Chinese car trading website, recently raised $335 million in venture capital funding , led by eCommerce giant Alibaba.

Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

Score one for the Midwest: Verizon said this week (March 13) it will launch its 5G network in Chicago and Minneapolis on April 11.

Fifth Third Taps Accion To Reach More SME Borrowers

PYMNTS

Reports late last week said the bank will work with SME lending portal Accion, a nonprofit company, to facilitate the financing of these companies across five states: Florida, Indiana, Illinois, Michigan and Ohio. Accion specializes in lending to early-stage businesses, and it has proven that the right combination of personalized advice and capital can produce outstanding results,” said Fifth Third Head of Business Banking Kala Gibson in a statement.

Tech Center: Microsoft In Montreal, Puerto Rico’s Entrepreneurism

PYMNTS

In general, capital is frozen because of the uncertainty surrounding the [island’s] fiscal issues,” Kenneth Kay, an angel investor and founder of the Puerto Rico Capital Network, noted. Once people visit, they realize it’s not a cow town; it’s got everything the big cities have,” David Becker, an Indiana native who founded First Internet Bank in Indianapolis, told the Times. Another week, another tech center making headlines for pushing the envelope on tech innovation.

Lakeside FCU Liquidated

Keith Leggett's Credit Union Watch

The National Credit Union Administration liquidated Lakeside Federal Credit Union of Hammond, Indiana. According to the credit union's March 2015 Financial Performance Report, it was profitable and well capitalized with decent loan quality. NCUA made the decision to liquidate Lakeside Federal Credit Union and discontinue its operations after determining the credit union was insolvent and had no prospect for restoring viable operations.

Another 44 Banks And Credit Unions Sign Onto Apple Pay

PYMNTS

Comenity Capital Bank. Indiana State University Credit Union. The list of banks and credit unions issuing cards that will work with the Apple Pay mobile wallet has once again grown. Another 44 banks and credit unions in the United States are now officially attending the Apple Pay party. It has been an active week for Apple Pay. The week opened with an announcement from Bank of America that it is rolling out support for Apple Pay at its ATMs for withdrawals.

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Onovative Raises $1 Million in New Funding

Fintech Labs Insights

Also participating were the Sequel Fund, the Enterprise Angels Community Fund, the Kentucky Enterprise Fund, and Commonwealth Seed Capital, along with individual investors. Onovative , which introduced its Core iQ bank marketing software at FinovateSpring earlier this year, has raised $1.2

A New Echo Hack Unearthed At Defcon

PYMNTS

In late May, the techniques known as “voice squatting” and “voice masquerading” were discovered and disclosed in a paper by researchers from Indiana University at Bloomington, the University of Virginia and the Chinese Academy of Sciences. One may say, ‘Alexa, open Capital One, please,’ which normally opens the skill Capital One, but can trigger a malicious skill ‘Capital One, Please’ once it is uploaded to the skill market,” the paper stated.

‘Stranger Things’ And Starcourt Mall Teach Us About Big Tech And Innovation

PYMNTS

By the turn of the century, department stores had become the cornerstones of entirely new ecosystems that drove consumer consumption to record levels that, in turn, created new manufacturing, wholesale and supply chain opportunities for producers eager to capitalize on that demand. A couple of months ago, I decided to give spinning a try. I’m a runner, not a biker, but wanted to see what it was like.

Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

Select investors : Amazon, Hummer Winblad Venture Partners, Bowman Capital Management LLC. Launched in February 1999, Pets.com sought to capitalize on widespread internet access and a $23B pet supplies market by selling products directly to consumers.

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Banking's Top 5 in Total Return to Shareholders: 2018 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. This is clearly a turnaround situation, as the bank lost over $12 million in 2010, over 20% of its capital (ouch). It has been serving the financial needs of individuals, farmers, businesses, and industries in Northwest Ohio and Northeast Indiana since 1897 through its headquarters in Archbold, Ohio and 24 additional branch offices. They lost $9 million that year, which was 25% of their capital!

Why TOMS Shoes Is Putting A Toe In Brick-And-Mortar

PYMNTS

He wanted to be Indiana Jones. Mycoskie is no longer CEO — after selling much of his share in the firm to Bain Capital in 2014, he has since moved to the official role of Chief Shoe Giver and has focused his attention on what’s next for TOMS Shoes. TOMS Shoes Founder Blake Mycoskie did not begin life dreaming of entrepreneurship, shoes or creating a socially conscious company.