Indiana credit union agrees to buy community bank


Indiana Members Credit Union will pay cash for Commerce Bank. Community banking M&A Credit unions Indiana

Northwest Bancshares entering Indiana with latest bank acquisition


Community banking Activist Investors M&A Growth strategies Capital Indiana PennsylvaniaThe Pennsylvania company will pay $346 million for MutualFirst Financial.

Indiana Members CU to Acquire Commerce Bank

Keith Leggett's Credit Union Watch

Indiana Members Credit Union (Indianapolis, IN) and First Light Bancorp, Inc. Evansville, IN), the holding company of Commerce Bank, announced today that they have signed a definitive purchase and assumption agreement whereby Indiana Members CU will acquire the assets and assume the liabilities of Commerce Bank in an all cash transaction. Indiana Members CU has over $2 billion in assets.

Jewel-Osco Scoops Up Indiana Strack & Van Til Stores


Nineteen Indiana Strack & Van Til stores are soon to become Jewel Food Stores. Until now, only four of Jewel-Osco’s 186 stores were located in Indiana, with the vast majority located in Illinois and Iowa. This acquisition will expand the company’s footprint deeper into Indiana.

Mortgage lender to buy small bank in Indiana


Community banking M&A Growth strategies Mortgages IndianaRuoff Financial will make its first push into banking with the purchase of SBB Bancshares.

M&A opportunities are plentiful for Horizon Bancorp in Indiana


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


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

MutualFirst to expand in southern Indiana with latest deal


Community banking M&A Growth strategies IndianaThe company will pay $66 million for the parent of BloomBank.

Online Bank Tops List of Midsize Businesses in Indiana

Banking Exchange

One of the first online only banks was in the news this week for being a top place to work Community Banking Technology Retail Banking Tech Management Feature3 Fintech Feature Human Resources. 1Community Banking

First Merchants to buy Independent Alliance in Indiana for $251M


M&A Integrations Growth strategies IndianaThe deal comes months after First Merchants bought a minority stake in Independent Alliance.

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.

Merchants in Indiana to buy warehouse lender


Merchants has agreed to buy NattyMac, a company it has been in business with since 2014. Community banking M&A Warehouse lenders Florida

2016 National Politics. Indiana!

Jim Blaine


Another former mutual agrees to sell to credit union


3Rivers Federal Credit Union in Indiana will pay about $38 million for West End Bank. M&A Consolidations Mutual banks Integrations Indiana

Lizton Financial to Buy Indiana Business Bancorp

American Banker

million-asset Indiana Business Bancorp. The $374 million Lizton said in a press release Tuesday that it will pay $12.5 million, or $7.25 a share, in cash for the $66.5 breaking_news community-banking dealmaking-strategy

First Merchants settles with Justice Department over mortgage practices


The Indiana company, which has an acquisition pending, will make more loans in minority neighborhoods around Indianapolis. Community banking M&A Law and regulation Mortgages Indiana

German American boosts commitment to Ky. with Citizens First acquisition


The Indiana company will pay $68 million for Citizens First. M&A Community banking Growth strategies Indiana Kentucky

Unusual Transaction Could Pay Off Big for Indiana Bank

American Banker

First Merchants Corp. recently agreed to buy a minority stake in a bank in an attractive market. The move could allow the company to obtain intel while gaining an edge should the other bank decide to sell. community-banking m-a consolidation strategic-alternatives in dealmaking-strategy

Indiana University fund backs emerging anti-fraud tech vendor

Payments Source

Innovate Indiana is taking part in a $2.6 million investment in Rippleshot, a company that uses artificial intelligence to detect card fraud. Venture funding Analytics

Indiana credit union set to buy Louisville bank


The deal – expected to close later this year – will be the third credit union acquisition of a bank so far in 2018.

First Financial in Indiana Sells Insurance Business

American Banker

First Financial in Terre Haute, Ind., has sold its insurance brokerage unit to USI Insurance Services in Valhalla, N.Y. breaking_news community-banking in dealmaking-strategy

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

American Banker

First Internet Bancorp in Fishers, Ind., 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-strategy

Horizon in Indiana to Buy LaPorte Bancorp

American Banker

Horizon Bancorp in Michigan City, Ind., has agreed to buy LaPorte Bancorp in LaPorte, Ind. breaking_news community-banking mi in m-a dealmaking-strategy

NorthWest Indiana Names CEO's Son His Successor

American Banker

Benjamin Bochnowski will be named chief executive of both the holding company and the $865 million-asset Peoples Bank at the bank's April 28 annual meeting. breaking_news people succession-planning in community-banking

First Merchants to Buy Minority Stake in Indiana Bank

American Banker

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

KeyCorp discloses $90M exposure from suspected fraud


Regional banks Fraud detection Fraud liability KeyCorp Ohio IndianaThe Cleveland regional said the matter is tied to a commercial client and that law enforcement is investigating it.

North and South Dakotas, Indiana to launch Open Your Eyes to a CU in July

CU Insight

Currently running in Minnesota , North Carolina, South Carolina and Michigan , the campaign is set to expand to North Dakota, South Dakota and Indiana. The post North and South Dakotas, Indiana to launch Open Your Eyes to a CU in July appeared first on CUInsight.

Horizon Bancorp in Indiana Restructures Balance Sheet to Repay Debt

American Banker

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

First Internet to buy SBA platform from Colorado bank


Community banking M&A Small business lending SBA IndianaFirst Internet will gain lenders and servicing staff, along with offices in Chicago and Indianapolis, from the deal.

Indiana Members CU Sponsoring Pittsburgh Pirates Triple-A Baseball Club

Keith Leggett's Credit Union Watch

Indiana Members Credit Union (IMCU) announced its sponsorship of the Indianapolis Indians starting with the 2016 baseball season. The sponsorship includes an exclusive Indianapolis Indians debit card, website advertising, TV and radio advertisements, in-stadium display and a new in-game strikeout feature called “IMCU Later”. The Indianapolis Indians are a professional Triple-A baseball club affiliated with the Pittsburgh Pirates. The terms of the sponsorship agreement were not disclosed.

Teachers Credit Union to buy Michigan thrift


The Indiana credit union agreed to pay $21.3 Community banking M&A Commercial lending Michigan Indianamillion in cash for New Bancorp, which was created when its savings bank converted to a stock-owned company in 2015.

Indiana Members CU's 84-month CD Earns 2.53% APY

Deposit Accounts

Offers & Promotions Indiana Members Credit Union Credit Union Information Page | Receive Alerts for this Credit Union. Indiana Members CUs 84-month CD Earns 2.53% APY POSTED ON WEDNESDAY, MAY 31, 2017 BY Ken Tumin Deal Summary: 84-Month CD, 2.53% APY, $1k minimum. Availability: Residents of 17 central Indiana counties and eight Indiana townships. Indiana Members Credit Union’s (Indiana Members) 84-month CD is currently earning 2.53% APY. | About Us.

An online-only bank's bold plan for small-business lending


Small business lending Growth strategies Fintech Community banking SBA Indiana New JerseyFirst Internet is poised to acquire an SBA lending team to help it meet an ambitious loan target for the year — a target the CEO plans on doubling in coming years.

Horizon Bancorp to Buy CNB Bancorp in Indiana

American Banker

Horizon Bancorp in Michigan City, Ind., has agreed to buy CNB Bancorp in Attica, Ind. community-banking breaking_news in dealmaking-strategy

United Fidelity in Indiana buys Bank of St. Croix


United continues to extend a far-flung operation that includes branches in Chicago, Denver and Florida. Integrations M&A Branch network

Old National to have first new CEO since 2004


He will be succeeded by Jim Ryan, the Indiana company's chief financial officer. Community banking Succession planning Growth strategies IndianaBob Jones will retire in early May.

A nearly $300 million M&A deal in Midwest


First Merchants in Indiana would pass $10 billion in assets by acquiring MBT Financial in Michigan. Strategic buyers Integrations Community banking Indiana Michigan

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


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

Executive was key asset in Midwest's biggest merger


First Financial in Ohio is buying MainSource in Indiana — with a twist. Community banking M&A Capital Growth strategies Indiana OhioMainSource's leader will become CEO.

Acquisitions possible after First Internet raises $45 million


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


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


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

Former Indiana CU assistant manager sentenced for bank fraud

CU Insight

Paula Awe, a former assistant manager of an Indiana credit union who ran a check-kiting scheme along with her manager, was sentenced last week to 18 months in prison. The post Former Indiana CU assistant manager sentenced for bank fraud appeared first on CUInsight. District Court Judge Jon E. DeGulio in Hammond, Ind., also ordered Awe to pay $180,000 restitution and to serve two years of supervised release following her prison sentence. She pleaded guilty to bank fraud in February.