How digital-only First Internet Bank strives to keep Indiana talent

Bank Innovation

As banks and startups on both coasts compete for new graduates, Fishers, Ind.-based based First Internet Bank is using an internship program to keep talent in the Midwest. The program, which lasts a few months, sources talent from local universities.

Jewel-Osco Scoops Up Indiana Strack & Van Til Stores

PYMNTS

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.

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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

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

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

Midwest banks resist urge to loosen lending standards

American Banker

Community banking Commercial lending CRE Wisconsin Illinois IndianaEven 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.

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

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

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

Tech Center: Fishers Deepens Its Technology Innovation By Launching IoT Lab

PYMNTS

Not too far outside of the city of Indianapolis, Indiana is the city of Fishers. Before we jump into the post, here are a few quick facts about Los Angeles and its tech scene: The city has a population of approximately 89,000 in 2016, making it the sixth largest city in the state of Indiana. The Indiana Chamber of Commerce’s list of top 100 Hoosier companies included 22 from Hamilton County. Technology innovation can happen at any place at any time.

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?

Digital-only First Internet Bank retains 90% of its original customers

Bank Innovation

David Becker, CEO of Fishers, Indiana-based First Internet Bank, told Bank Innovation that it has kept 90% of its original customer base as a result of its niche […].

Podcast: How a Community Banker Helped Columbus Discover Modern Architecture

ABA Community Banking

With just 44,000 residents, how did the town of Columbus, Indiana, become one of the nation's leading architectural destinations -- ranked sixth of all U.S.

First Commonwealth in Pa. to Buy DCB Financial in Ohio

American Banker

First Commonwealth Financial in Indiana, Pa., has agreed to buy DCB Financial in Lewis Center, Ohio, for $106 million in cash and stock. breaking_news community-banking m-a oh pa dealmaking-strategy

Ohio 73

Podcast: Consciously Cultivating an Internal Talent Pipeline

ABA Community Banking

After her bank's CEO unexpectedly died a quarter century ago, Annette Russell was suddenly thrust into the top job at Security Federal Savings Bank in Logansport, Indiana.

DOJ Settles Redlining Case with Ohio Banks for $9M

American Banker

The Department of Justice has agreed to a settlement with a pair of Cincinnati banks accused of redlining African-American neighborhoods in four cities in Ohio and Indiana. breaking_news consumer-finance mortgage housing sailthru-no-lead law-regulation

Ohio 64

Could Bank-Friendly Bayh Seize Chair of Banking Committee?

American Banker

The Indiana Senate race could prove to be the most important congressional race for bank policymaking if handshake deals propel former Sen. Evan Bayh to the top of the banking committee. But picking Bayh could start a civil war within the Democratic party.

Pence VP Pick Could Shape Trump's Banking Policy

American Banker

The possible selection of Indiana Gov. Mike Pence as Donald Trump's running mate could clarify the presumptive Republican nominee's banking policy views, adding a policymaker to the ticket who has been outspoken about the Dodd-Frank Act, "too big to fail," and the CFPB.

First Commonwealth to Buy Branches from Huntington-FirstMerit

American Banker

First Commonwealth Financial in Indiana, Pa., has agreed to buy all 13 branches being divested by Huntington Bancshares as part of the approval to acquire FirstMerit. breaking_news community-banking m-a pa oh dealmaking-strategy

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. consumer-finance people auto mortgage sba pa al breaking_news community-banking

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. bank consulting banks credit unions deposits First Internet Bank of Indiana Fulton Bank Hudson City Savings Bank ING Bank thrifts

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NCR Widens Regional Service With Purchase Of Midwest POS

PYMNTS

announced the acquisition of Midwest POS Solutions to expand its presence in Kentucky and Indiana, as detailed in a press release on Monday (Oct. The Indiana- and Kentucky-based Midwest POS technology company has been serving the restaurant industry for more than 75 years. NCR Corp. Midwest POS is among the first NCR Aloha dealers. The acquisition will expand NCR’s service to 1,000 restaurants in the region.

Kroger To Bring CBD Products To Stores

PYMNTS

The company will sell the products in states such as Arizona, Washington, Indiana, Kansas, Kentucky, Tennessee, West Virginia and Michigan, among others. To tap into one of the hottest emerging consumer trends, Kroger will sell CBD in almost 1,000 stores.

Mall Vacancies At Highest Level In Eight Years

PYMNTS

Reis data indicates that the proportion of units sitting empty in some cities – with the inclusion of Birmingham, Alabama and Indianapolis, Indiana – is roughly four times higher than San Francisco, the Financial Times reported.

SEC Reduces Audit Rules For Smaller Firms

PYMNTS

Joe Schroeder, an accounting professor at Indiana University, said his analysis turned up about 12 businesses that supported the move and were already dealing with accounting problems, according to The Wall Street Journal.

Carvana Opens Car Vending Machine In LA, Marking 20th In US

PYMNTS

The Los Angeles Car Vending Machine joins counterparts in cities across Texas, Tennessee, Florida, North Carolina, Maryland, Arizona, Ohio, Missouri, Indiana, Pennsylvania and Illinois.

SCOTUS ruling on application of Eighth Amendment excessive fines prohibition to states could have implications for consumer financial services providers

CFPB Monitor

Indiana , which presents the issue of whether the prohibition on excessive fines in the Eighth Amendment of the U.S. Indiana law allowed the court to impose a maximum fine of $10,000 for his crime. Several months later, the state of Indiana filed a case seeking the forfeiture of the vehicle Timbs was driving at the time of his arrest: a Land Rover worth approximately $40,000. Last week, the U.S. Supreme Court heard oral argument in the case of Timbs v.

CFPB Rolls Out Innovation Regulator Network

PYMNTS

Inaugural members of ACFIN include state attorneys general of Alabama, Arizona, Georgia, Indiana, South Carolina, Tennessee and Utah.

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.

Payroll Fraud Could Cost KeyCorp $90M

PYMNTS

The customer involved in the fraud is Interlogic Outsourcing, which processes payrolls and is based in Elkhart, Indiana. 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.

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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.