Bailout Bank Bios: Integra Bank Corporation

Aug 6, 2009 | 3 min read | Print Article

Integra Bank Corporation operates as a holding company for Integra Bank N.A. that provides personal and commercial banking, investment and trust, and insurance products and services to communities in Indiana, Kentucky, Illinois, and Ohio. It primarily engages in generating deposits and originating loans. The company’s deposit products include time deposits, money market accounts, brokered deposits, checking and savings accounts, and certificate of deposit accounts. Its loan portfolio consists of commercial, industrial, and agricultural loans; commercial real estate loans; economic development loans; lease financing; construction and development loans; residential mortgage loans; home equity loans; and consumer loans. It also provides lines of credit, credit cards, transaction accounts, repurchase agreements, letters of credit, corporate cash management, correspondent banking, mortgage servicing, residential title insurance, brokerage and annuity products and services, credit life and other insurance products, securities safekeeping, safe deposit boxes, online banking, and personal and corporate trust services. As of December 31, 2007, Integra Bank had 80 banking centers, 134 automatic teller machines, and 4 loan production offices. The company was founded in 1985 and is based in Evansville, Indiana.

In February the company began participating in the Treasury Department’s Capital Purchase Program . Under the program, Integra received $83,586,000 in exchange for preferred stock and warrants.

Federal Equity Investment	$83.6 million
Total Revenue	$231.3 million (2007) $213.2 million (2008)
Net Income (Loss)	$30.7 million (2007) ($110.9 million) (2008)
Number of Employees	842
Corporate Headquarters	Evansville, IN
Business Sector	Banking
Officers and Directors	Michael T. Vea, President and Director Other Officers and Directors
Corporate Website	Unknown
Executive Compensation	Unknown