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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. Participants are expected to take a hands-on approach and effect change at the institution.

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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 […].

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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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Crane CU to Acquire Small Indiana Community Bank

Keith Leggett's Credit Union Watch

Crane Credit Union (Odon, IN) has signed a definitive agreement to acquire Community State Bank of Southwestern Indiana (Poseyville, IN). Community State Bank of Southwestern Indiana has $89 million in assets and six branches. Crane Credit Union has almost $636 million in assets.

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Indiana DFI Approved Merger of West End Bank into Three Rivers FCU

Keith Leggett's Credit Union Watch

The Indiana Department of Financial Institutions (DFI) on May 14 approved the resolution of the Board of Directors of West End Bank, S.B. Richmond, IN) to sell all of its assets to Three Rivers Federal Credit Union (Fort Wayne, IN). Three Rivers FCU will also assume most of the liabilities of West End Bank.

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First Financial in Indiana buying Tennessee bank

American Banker

The deal for SimplyBank, scheduled to be completed in the second quarter, would give First Financial in Terre Haute, Indiana, additional branches in Tennessee and its first presence in Georgia.

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Merchants Bank of Indiana Money Market Currently Offers Leading Rate

BankDeals

Merchants Bank of Indiana's Money Market Account currently offers a top rate on balances up to $1 million. It's available through an online application.

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