Vmbook Online ordering

Regional Midwest Banks

Integra Bank Corporation, with the stock ticker symbol IBNKQ, was a publicly traded regional bank holding company based in the United States. However, I must note that the information I will provide is based on data available up to 2011. The bank was acquired by a larger financial institution, and its stock is no longer traded on a major exchange.

Integra Bank Corporation primarily focused on providing various commercial and consumer banking services to customers in the Midwest and Southeastern regions of the United States. The company operated through a network of full-service banking offices and offered services such as:

1. Commercial and industrial loans

2. Commercial real estate loans

3. Consumer loans, including auto and home equity loans

4. Deposit products, including checking, savings, and time deposit accounts

5. Mortgage banking services

6. Treasury management and other wealth management services

Between 2006 and 2010, Integra Bank Corporation experienced financial struggles due to the global financial crisis. The bank faced challenges related to asset quality, loan losses, and capital. Consequently, the company had to cut its dividend, raise additional capital, and restructure its balance sheet.

However, before its acquisition, the company showed signs of recovery. Between 2009 and 2010, the bank managed to increase its net interest income, though it still reported net losses for both years. Additionally, Integra Bank Corporation's total assets gradually declined from its peak in 2008, indicating a reduction in its balance sheet size and risk exposure.

In summary, Integra Bank Corporation was a regional bank holding company that operated in the Midwest and Southeastern United States. The bank faced significant challenges during the global financial crisis but showed signs of recovery before being acquired by another financial institution. Due to the acquisition, the company's stock is no longer publicly traded.