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Payroll Fraud Could Cost KeyCorp $90M

PYMNTS

Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by CNBC. The customer involved in the fraud is Interlogic Outsourcing, which processes payrolls and is based in Elkhart, Indiana. Shares fell on the news. KeyBank’s five-year, $16.5

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And Then There Were 20 — The Amazon HQ2 Finalists

PYMNTS

Indianapolis, Indiana. Through this process, we learned about many new communities across North America that we will consider as locations for future infrastructure investment and job creation.”. But only one can be selected, and the top 20 from which the elect will be chosen include: Atlanta, Georgia. Austin, Texas. Chicago, Illinois.

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First Commonwealth in Pa. Hires Consumer Lending Leader

American Banker

First Commonwealth Financial in Indiana, Pa., has hired a former Regions Financial executive to lead several of its consumer lending groups.

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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.

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Top 5 Total Return to Shareholders: #5 - German American Bancorp

Jeff For Banks

Neither supported this regional president''s opinion. Nasdaq: GABC) of Jasper, Indiana German American is a 100-year old, $1.8 billion in assets bank servicing the businesses, citizens, and communities of Southern Indiana. This blog has dug deep into the numbers to support the notion that bigger is better.

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Midwest banks resist urge to loosen lending standards

American Banker

Even in the face of soft loan demand, banks in the region have held firm on terms. That should position them well for the next economic downturn.

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Top 5 Total Return to Shareholders: #4 Bank of the Ozarks

Jeff For Banks

Neither supported this regional president''s opinion. Last post was dedicated to the #5 Bank, German American Bancorp of Jasper, Indiana (see post here ). Bank of the Ozarks began in 1903 as a small community bank in Jasper, Arkansas, and by 1937, included an additional bank in Ozark, Arkansas.