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.

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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.

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?

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.

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.

Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

• 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.

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.

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.

Banking's Top 5 in Total Return to Shareholders: 2019 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. First Capital, Inc. Nasdaq: FCAP) First Capital, Inc. is the parent company of First Harrison Bank, a community bank headquartered in Corydon, Indiana.

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.

Trends 253

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.

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.

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.

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.

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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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!

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.

Why Banks Merge: Listen to the Sellers

Jeff For Banks

Our combined financial institution will offer a wider array of products and services while continuing our long-standing personal commitment to our customers and community." - Gregory Schreacke, President of First Financial Service Corporation in Elizabethtown, KY on his bank''s sale to Community Bank Shares of Indiana, Inc. Read: We need to be bigger and have more capital to keep up with regulation and the industry.

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.

‘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.

2 residences sleeps 9 and 4 persons ralph lauren italia shop

Gonzobanker

5 michael kors outlet house sleeps up to 9 persons.200 capital t, 2 bathrooms.1 2 residences sleeps 9 and 4 persons ralph lauren italia shop.

Car Commerce Tracker: Integration, Investment

PYMNTS

Automatic will provide its onboard diagnostics (OBD-II) adapters and mobile apps to new AmFam policyholders who enroll in the company’s KnowYourDrive program, which reportedly starts in Arizona and Indiana this month and will roll out across the U.S. On the manufacturing end, news of a recent investment by BMW iVentures, the venture capital arm of BMW Group, fits well into the vehicle manufacturer’s recent push to evolve aspects of the automotive industry.

Banking's Total Return Top 5: 2015 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. The Company's residential mortgage division, headquartered in Atlanta, has lending offices in Arizona, Florida, Georgia, Maryland, Michigan, Indiana, Illinois and Ohio.

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

Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. The venture capital backers are no doubt smiling. . From Facebook to cash, the week’s sizzles and fizzles span a diverse lot.

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.

Impact Roadshow | Indianapolis, IN

Filene

Local Host: Indiana Credit Union League. It was also a great forum for the Coast Capital team to engage with peers within the organization and across the industry. 10:30 a.m. - 12:00 p.m. Filene Host: Cynthia Campbell. Click the arrow below to REGISTER for this event: WHAT IS AN IMPACT ROAD SHOW? It’s 90+ minutes of stimulating conversation about CU programs that have the potential to enrich your members’ experience and build a culture of success in your credit union.

Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Summary: Another victim to financial woes and a leveraged buyout (by Bain Capital in 2010), Gymboree filed for Chapter 11 protection in June 2017. Unable to compete with Best Buy and Amazon, Indiana-based HHGregg filed for bankruptcy.

Finovate Debuts: Onovative’s CoreIQ Brings Automated Marketing Technology to Banks

Fintech Labs Insights

Headquartered in Jeffersonville, Indiana. Raised $400,000 in capital. CoreIQ is a marketing automation system developed by Onovative that speeds onboarding and broadens cross-selling opportunities for community banks and credit unions.