Indiana’s second-largest credit union to get a boost with merger

American Banker

Indiana Members CU will expand its reach later this year following completion of a proposed combination with Members Choice FCU. Indiana Credit unions M&A Growth strategies

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.

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Crane Credit Union to buy Indiana bank

American Banker

The credit union will pay an undisclosed amount for Community State Bank of Southwestern Indiana. Indiana Credit unions M&A Growth strategies

Indiana credit union buying Elberfeld State Bank

American Banker

Indiana Credit unions M&A Community banksHeritage Trust Federal Credit Union will buy the bank's deposits and assume its liabilities.

Indiana bank buys out investor — and other shareholders are fuming

American Banker

Community banks

NCUA liquidates Indianapolis’ Newspaper FCU

American Banker

Indiana Failures Credit unions Enforcement actions NCUA

M&A Update: Farmers & Merchants to Buy Indiana Community Bank

Banking Exchange

F&M set to acquire Ossian State Bank, while Consumers National Bank adds two CFBank branches and Coulee Bank brings on assets from BNC Management Feature M&A Financial Trends Feature3. 1Management

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.

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

First Merchants in Indiana to close 17 branches

American Banker

The company adds to a growing list of banks shutting branches to invest in technology offerings. Digital banking Branch network Revenue and expenses

Longtime head of Indiana Members Credit Union to retire next year

American Banker

Credit unions

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

ProFed Credit Union's new CEO started as a teller

American Banker

Indiana Credit unions Career advancement Succession planningKonstantina Baker has been appointed to lead the Fort Wayne, Ind.-based based institution following the retirement of longtime CEO Gregory Troutner.

Farmers & Merchants expanding in northeast Indiana with Ossian deal

American Banker

The company will pay $20 million in cash for a bank with two branches and $58 million of loans. Community banking M&A Growth strategies

Minimum wage rises again at Notre Dame FCU

American Banker

The Indiana-based credit union increased its starting pay for the second time in two years as part of a push to boost compensation that began in 2017. Indiana Minimum wage Credit unions Employee retention

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

CEO of Teachers Credit Union steps down unexpectedly

American Banker

C-suite Indiana Career moves Credit unions Succession planningPaul Marsh resigned as president and CEO of the South Bend, Ind., credit union on Tuesday after 30 years there. An interim chief has been named and the board is searching for a permanent successor. ]].

Credit unions gird for more branch shutdowns as COVID rates spike

American Banker

Indiana Credit unions Branch management Coronavirus Branch bankingWith coronavirus cases on the rise, Hoosier Hills CU in Bedford, Ind., has chosen to temporarily restrict access to its facilities.

Small credit unions in Muncie, Ind., plan merger

American Banker

Consolidations Indiana Credit unions M&A Growth strategiesThe combined institution will hold roughly $30 million in assets and serve about 4,000 members.

Nuvei is allowed to process sports betting transactions in Indiana

The Paypers

Payment technology provider Nuvei has revealed that it has been awarded a certificate of registration for sports wagering in the state of Indiana

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

Financial Center First splits president and CEO roles

American Banker

Indiana Career moves Credit unions Career advancement Workforce management Succession planningCameron Minges will become president of the Indianapolis-based credit union effective Jan.

German American to promote insider as its next president

American Banker

Indiana Community banking Growth strategies Succession planningNeil Dauby, the company's chief commercial banking officer, will have oversight over all operations, reporting directly to Chairman and CEO Mark Schroeder.

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

Ball State Financial CEO retires after merger

American Banker

Indiana Career moves Credit unionsRandy Glassman spent 33 years in the industry and recently led his credit union through a merger into Financial Center First Credit Union.

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

First Merchants to shuffle management after CEO's retirement

American Banker

The Indiana company tapped CFO Mark Hardwick as its next CEO, while Michael Stewart, its chief banking officer, will become president. Indiana M&A Succession planning Community banksMichael Rechin will step down at the end of this year.

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

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.

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?

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.