Indianapolis Community Banks

Delivered November 30th, 2019. Contributors: Neema and

Early FindingsIndianapolis Community Banks

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Indianapolis Community Banks/Credit Unions - Part One

Stock Yards Bank & Trust Company, Centier Bank, Cibm Bank, Citizens Bank, and FedEx Employees Credit Association Credit Union are the only companies offering commercial loans. Our findings have been presented in the attached spreadsheet rows 2-13. 
Indianapolis Community Banks/Credit Unions Summary Credit Union, Teachers Credit Union, The National Bank Of Indianapolis, C&O United Credit Union,  Centra Credit Union, Chicago Fire Officers' Association Credit Union, and Family Horizons do not provide commercial loans.
Stock Yards Bank & Trust CompanyStock Yards Bank & Trust Company offers commercial loans services. The company does not disclose if it offers loans over $1 million. 
The company has 591 employees. 
None of its senior leadership is a key partner. 
The bank has nine locations in Indiana. 
Centier Bank Centier Bank offers commercial loans; the company does not disclose its commercial loan rates.
The company has about 501-1,000 employees. 
Centier Bank has eight locations in Indiana. 
None of its senior leadership is a key partner.
CIBM BankCIBM Bank offers commercial loans. Its Fast Track Business Loans ranges from $15,000 to $100,000. 
The bank has 2 locations in Indiana. 
CIBM Bank has about 51-200 employees.  
None of its senior leadership are key partners.
Citizens BankCitizens Bank offers business loans up to $12 million. 
The company has 18,100 employees. 
Citizens Bank has one location in Indiana. 
None of its senior leadership are key partners.
FedEx Employees Credit Association Credit Union FedEx Employees Credit Association Credit Union offers commercial loans services. 
The association has about 51-200 employees. 
The association has one location in Indiana.
None of its senior leadership are key partners. 
Research StrategyTo provide the requested information on the Indianapolis Community Banks/Credit Unions, your research team combed through the websites of the companies to determine if they offer commercial loans. We searched through the products and services webpages of the companies websites, for the companies that provide commercial/business loans, we searched through their annual reports (public companies), FAQs page, and description of the loans services. Most of the companies did not disclose the value of their commercial loans. For the key partners, we searched the companies key leaderships page for individuals that were mentioned as partners. 

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Indianapolis Community Banks/Credit Unions - Part Two

First Merchants Bank National Association, Lake City Bank, Mainsource Bank, Old National Bank, and Star Financial Bank are the only companies providing commercial loans. Our findings have been presented in the attached spreadsheet rows 14-25.
Summary of Findings. Energy Plus Credit Union, Professional Police Officers Credit Union, Hoosier Farm Bureau Credit Union, Indiana Members Credit Union, Kemba Indianapolis Credit Union, Northpark Community Credit Union do not provide commercial loans.
First Merchants Bank National AssociationFirst Merchants Bank National Association offers commercial loans. From its Loan Portfolio Distribution in 2018, it offers commercial loans over $1 million.  
The company has about 1,001-5,000 employees. 
The company has 23 locations in Indiana.
Forum Credit Union Forum Credit Union provides commercial loans services and does not specify its loans limits. 
The company has four locations in Indiana. 
The organization has about 201-500 employees.  
None of its leadership members is a partner. 
Lake City BankLake City Bank offers commercial loans up to $5 million under its SBA 7(a) Loan products. 
The bank has seven locations in Indiana. 
Lake City Bank has 553 employees. 
MainSource Bank The bank offers commercial loans over $1 million. 
The bank has about 501-1,000 employees. 
MainSource Bank has 64 locations in Indiana. 
None of its leadership members is a partner. 
Old National Bank Old National Bank offers commercial loans. The company does not specify its loans limits.
None of its leadership members is a partner. 
The bank has 2,892 employees.
Old National Bank has 12 locations in Indiana. 
Star Financial BankStar Financial Bank offers commercial loans. The company does not specify its loans limits.
The bank has about 501-1,000 employees. 
The bank has 49 locations in Indiana.
None of its leadership members is a partner. 
Research StrategyYour research team combed through the websites, annual reports, and the products and services page of the company's websites to provide the requested information. Some of the companies do not provide their commercial loan figures; thereby, we were not able to determine if they offer loans over $1 million. To determine the key partners within the senior leadership of the companies, we combed through each company's leadership member description and roles. For MainSource Bank, we provided the information on First Financial Bank as MainSource Bank merged with First Financial Bank in May 2018 and currently operates as part of the company. 

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Indianapolis Community Banks/Credit Unions - Part Three

Link Credit Union, Merchants Bank Of Indiana, and Salin Bank & Trust Company are the only companies providing commercial loans of the listed companies in rows 26-37 of the attached spreadsheet.
Indianapolis Community Banks/Credit Unions Summary Financial Health Credit Union, Sheet Metal Workers Credit Union, Firefighters Credit Union, Harvester Financial Credit Union, Indiana University Credit Union, Indianapolis' Newspaper Credit Union, Mt Zion Indianapolis Credit Union, Profinance Credit Union, Provo Postal Credit Union do not provide commercial loans.
Link Credit UnionLink Credit Union provides commercial loans; the company does not disclose its loan rates until applications. 
None of its leadership members is a partner. 
The company has one location in Indiana. 
The company has about 11-50 employees.
Merchants Bank Of IndianaMerchants Bank Of Indiana offers commercial loans; its rates are available on contact.
 None of its leadership members is a partner.
The bank has about 201-500 employees. 
The bank has five locations in Indiana.
Salin Bank & Trust CompanySalin Bank & Trust Company currently operates as Horizon Bank and offers commercial loans.  
The bank has 20 locations in Indiana. 
The company has about 51-200 employees.  
 None of its leadership team member is a partner. 
Research StrategyWe began by searching through each company's products and services pages of their websites. All the listed companies offer different loan services, but only three provide commercial loans. For the companies that provide commercial/business loans, we searched through their FAQs pages, and product descriptions for their loan rates; to determine if they provide loans over $1 million. We also checked reviews sites like Bankrate, DepositAccounts, WalletHub, among others for mentions of their business loan rates by customers or industry experts. The research team also checked through the application documents for commercial loans for information on the companies maximum rates. For the partners in the leadership team of the companies, after combing through the companies "leadership team" team for bios and description of the team members roles, we also checked their profiles on professional networking sites like LinkedIn, ZoomInfo, Bloomberg. The goal was to determine if the members were partners in any community banks. Salin Bank is now an official part of the Horizon Bank; therefore, we provided information on Horizon Bank. 