INB Financial Corporation

INB Financial Corporation
  • Indiana National Bank (1865–1989)
  • INB National Bank (1989-1992)
FormerlyIndiana National Corporation (1969–1989)
Company typePublic
Nasdaq: INBF (1969–1989)
IndustryBanking
Founded1834; 190 years ago (1834) as the Second State Bank of Indiana in Indianapolis
May 12, 1969; 55 years ago (1969-05-12) as Indiana National Corporation
DefunctOctober 15, 1992; 32 years ago (1992-10-15)
FateAcquired by NBD Bancorp
SuccessorNBD Indiana
HeadquartersIndianapolis, Indiana, United States
Area served
Indiana
ProductsFinancial services
Total assets$6.6 billion[1] (1991)
Total equity$462 million[1] (1991)
Subsidiaries
  • INB National Bank
  • INB National Bank, N.W.
  • INB Banking Company, North
  • INB Banking Company, Northeast
  • INB Banking Company
  • INB Banking Company-Southwest

INB Financial Corporation was an Indianapolis-based statewide bank holding company that was the largest Indiana-based financial institution at the time it was acquired by Michigan-based NBD Bancorp in 1992. Its primary subsidiary was the Indianapolis-based INB National Bank, formerly the Indiana National Bank, which can trace its origins to the founding of the Second State Bank of Indiana in 1834.

From the mid-1950s through the late 1980s, Indiana National Bank, American Fletcher National Bank, and Merchants National Bank, were the three largest banks in Indianapolis and its holding company, Indiana National (INB Financial) Corporation, along with American Fletcher Corporation and Merchants National Corporation, were the three largest bank holding companies in the state.[2]

  1. ^ a b Cite error: The named reference upi-1992mar18 was invoked but never defined (see the help page).
  2. ^ "Hamilton County banking suddenly is "Big 3" game". The Indianapolis Star. September 12, 1985. p. 43 – via Newspapers.com. It's getting harder to tell the difference between banks in Hamilton County and Indianapolis. Two county banks have agreed to be acquired by members of the Indianapolis "Big Three."