Trisha Shetty (Editor)

Integra Bank

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Built
  
1913

Phone
  
+1 812-464-9702

Added to NRHP
  
1 July 1982

NRHP Reference #
  
82000112

Founded
  
1850

Integra Bank

Location
  
227 Main St., Evansville, Indiana

Area
  
Less than 1 acre (0.40 ha)

MPS
  
Downtown Evansville MRA

Address
  
21 SE 3rd St #500, Evansville, IN 47708, USA

Architectural style
  
Renaissance Revival architecture

Similar
  
Mesker Park Zoo and Bota, Two PNC Plaza, Angel Mounds, Evansville Museum of Arts - Hist, USS LST‑325

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Integra Bank Corporation was the parent of Integra Bank National Association, a retail bank headquartered in Evansville, Indiana that failed on July 29, 2011. As of March 31, 2010, Integra Bank had $2.9 billion in total assets and operated 67 banking centers and 116 ATMs at locations in Illinois, Indiana, Kentucky, and Ohio. The Second Renaissance Revival building was constructed in 1913, and originally housed the National City Bank.

Contents

On Friday, July 29, 2011, Integra Bank National Association (N.A.), Evansville, was closed by the Comptroller of the Currency. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named receiver. All deposit accounts, excluding certain brokered deposits, were transferred to Old National Bank. The company then filed for bankruptcy.

A post-mortem audit by the Department of the Treasury found that the bank's decision to actively pursue commercial loans in large cities such as Chicago and Cincinnati was a major contributor to the bank's failure. During its decline through the Great Recession, Integra sold many assets and took more than $83 million in TARP funds. Despite these efforts, in its final full year of operation, Integra lost $124 million.

The company offered a variety of banking services that included commercial, consumer and mortgage loans, lines of credit, transaction accounts, credit cards, letters of credit, corporate cash management services, correspondent banking services, mortgage servicing, annuity products and services, selected insurance products, safe deposit boxes, and personal and corporate trust services.

The bank is not related to the former Integra Bank of Pittsburgh, Pennsylvania, that was bought out by National City in 1995. Coincidentally, Integra was itself once known as National City until adopting the current name in 2000, likely changing it due to the expanding presence of the much larger National City and the two having overlapping territories. Despite PNC Financial Services buying out the larger National City in late 2008, Integra Bank kept the name it has had for nine years.

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References

Integra Bank Wikipedia