East Central Indiana banks among those receiving federal funds

(Muncie) Star Press

Monday, January 12, 2009 12:24 PM

By Keith Roysdon, Star Press

kroysdon@muncie.gannett.com

MUNCIE -- With $250 billion up for grabs, Indiana banks might be expected to be eager for a piece of the federal bailout pie.

While local and state banks -- as well as those that operate in the Hoosier state -- have applied for TARP (Troubled Asset Relief Program) funds for healthy financial institutions, there's an element of ambivalence -- even reluctance -- among some.

Evansville's Old National Bank accepts $100 million in federal money
Fed help for banks at a cost
Warsaw's Lakeland Financial gets preliminary OK for federal bailout program
Indiana banks opting for federal Troubled Assets Relief Program
Northwest Indiana mortgage applications appear on the upswing
Newton County bank bought by insurance giant giving it access to federal bailout funds
New Castle's Ameriana Bancorp will participate in Fed's Capital Purchase Program

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Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR

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