Online Bank Tops List of Midsize Businesses in Indiana

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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

Mortgage lender to buy small bank in Indiana

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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

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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.

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.

Horizon in Indiana lines up $135M deal in its home state

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Strategic buyers Infrastructure Community banking Growth strategies IndianaThe acquisition will increase Horizon’s core deposits and add branches around Indianapolis.

Indiana mutual to raise $22M from second-step conversion

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

2016 National Politics. Indiana!

Jim Blaine

MAY THE FOURTH BE WITH YOU! APPEARS THE GOP HAS GONE OVER TO. THE DARTH SIDE!

First Merchants settles with Justice Department over mortgage practices

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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

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

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

Merchants in Indiana to buy warehouse lender

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

German American boosts commitment to Ky. with Citizens First acquisition

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

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

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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.

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

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.

First Internet to buy SBA platform from Colorado bank

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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.

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

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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

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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

Teachers Credit Union to buy Michigan thrift

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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.

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

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

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

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

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.

Old National to have first new CEO since 2004

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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.

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

A nearly $300 million M&A deal in Midwest

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

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.

United Fidelity in Indiana buys Bank of St. Croix

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

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

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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

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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.

Elements Financial CU Buys Naming Rights to Pavilion at Indiana State Fairgrounds

Keith Leggett's Credit Union Watch

Elements Financial, formerly Eli Lilly Federal Credit Union, was announced as the official title sponsor of the Blue Ribbon Pavilion on the Indiana State Fairgrounds. The sponsorship is for five-years. However, the cost of the sponsorship was not disclosed for the 70,575 square foot building. Read the story. Branding Naming Rights Sponsorships

Acquisitions possible after First Internet raises $45 million

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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

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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

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

First Financial in Ind. to enter two states with HopFed acquisition

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Community banking M&A Capital Indiana KentuckyThe $128 million acquisition will provide First Financial with its first branches in Kentucky and Tennessee.

Preparation pays off for MainSource in sale talks

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The Indiana company's board knew what it wanted from a potential buyer, and that helped it as it negotiated one of this year's biggest bank deals. Community banking M&A Succession planning Growth strategies Ohio Indiana

Old National is latest bank to sell, close branches

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The Indiana bank plans to sell 10 branches to a credit union. Community banking Branch management Branch network M&A Credit unions Indiana WisconsinIt will also shut down several more locations.

F&M expands northeast Ind. operations with Limberlost acquisition

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Community banking M&A Capital Growth strategies Ohio IndianaFarmers & Merchants will pay $89 million for the parent of Bank of Geneva.

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.

Old National making big leap in Minneapolis with KleinBank purchase

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Community banking M&A Capital Growth strategies Indiana MinnesotaOld National will have the fifth-biggest deposit market share in the city when it completes the $434 million acquisition.