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Ticker:FINB
Company Name: First Indiana Corporation

Business Overview from 10-K filing for First Indiana Corporation:

First Indiana Corporation (“First Indiana” or the “Corporation”) is an Indiana corporation formed in 1986. It is the holding company for First Indiana Bank, N.A. (the “Bank”), the largest commercial bank headquartered in Indianapolis. Somerset Financial Services, LLC (“Somerset Financial”), an accounting and consulting firm, was acquired in September 2000 when The Somerset Group, Inc. merged with the Corporation. On October 25, 2004, First Indiana Corporation sold substantially all of the assets of Somerset Financial. The Corporation had total assets of $1.90 billion at December 31, 2004, a decrease of $294.9 million from $2.19 billion at December 31, 2003. Loans outstanding were $1.50 billion and deposits were $1.37 billion at December 31, 2004. Effective August 1, 2001, the Bank converted from a federal savings bank to a national bank and First Indiana became a bank holding company registered with the Federal Reserve Board.     

View the full FINB chart at Wikinvest

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