Banks in Indiana

14 FDIC-insured banks headquartered in Indiana, ranked by total assets.

Indiana is home to 14 FDIC-insured banks holding a combined $178.01B in total assets and approximately $140.89B in deposits (Source: FDIC BankFind). These figures represent banks headquartered in Indiana and may not include all branches of out-of-state banks operating in the state.

Old National Bank is the largest bank headquartered in Indiana with $71.77B in total assets, indicating moderate market concentration among the largest institutions (Source: FDIC BankFind). The mix of national banks, regional institutions, and community banks in Indiana provides consumers with a range of options based on their banking preferences.

Total Banks

Combined Assets

$178.01B

Avg ROA

0.92%

Largest banks in Indiana

Old National Bank

Old National Bank is the largest bank headquartered in Indiana with $71.77B in total assets and 361 branches (Source: FDIC BankFind).

Merchants Bank of Indiana

Merchants Bank of Indiana is a major bank headquartered in Indiana with $19.39B in total assets and 7 branches (Source: FDIC BankFind).

First Merchants Bank

First Merchants Bank is a major bank headquartered in Indiana with $19.01B in total assets and 120 branches (Source: FDIC BankFind).

Centier Bank

Centier Bank is a major bank headquartered in Indiana with $9.66B in total assets and 61 branches (Source: FDIC BankFind).

1st Source Bank

1st Source Bank is a major bank headquartered in Indiana with $9.05B in total assets and 81 branches (Source: FDIC BankFind).

Banks headquartered in Indiana

#	Bank	Total Assets	Deposits	ROA	Branches
1	Old National BankEvansville	$71.77B	$55.59B	1.16%	361
2	Merchants Bank of IndianaCarmel	$19.39B	$13.10B	1.20%	7
3	First Merchants BankMuncie	$19.01B	$15.34B	1.27%	120
4	Centier BankWhiting	$9.66B	$7.84B	1.67%	61
5	1st Source BankSouth Bend	$9.05B	$7.23B	1.84%	81
6	German American BankJasper	$8.38B	$7.05B	1.46%	97
7	Lake City BankWarsaw	$6.98B	$5.97B	1.61%	57
8	Horizon BankMichigan City	$6.41B	$5.35B	-1.96%	79
9	United Fidelity Bank, fsbEvansville	$6.29B	$5.42B	-0.09%	20
10	First Financial Bank, National AssociationTerre Haute	$5.75B	$4.57B	1.46%	80
11	First Internet Bank of IndianaFishers	$5.55B	$4.85B	-0.50%	2
12	First Farmers Bank & Trust Co.Converse	$3.43B	$2.88B	1.52%	38
13	STAR Financial BankFort Wayne	$3.23B	$2.85B	1.01%	37
14	The National Bank of IndianapolisIndianapolis	$3.09B	$2.84B	1.28%	13

Source: FDIC BankFind, most recent quarterly data. Only includes banks headquartered in Indiana. Data last updated: April 2, 2026.

Credit unions in Indiana

4 credit unions headquartered in Indiana, ranked by total assets. Credit unions are member-owned cooperatives insured by the NCUA.

#	Credit Union	Total Assets	Members	ROA	Branches
1	EVERWISESouth Bend	$5.64B	298,229	0.70%	N/A
2	LIBERTYEvansville	$4.57B	260,398	1.38%	N/A
3	INDIANA MEMBERSINDIANAPOLIS	$3.53B	164,249	0.89%	N/A
4	THREE RIVERSFORT WAYNE	$2.74B	137,864	1.72%	N/A

Source: NCUA Quarterly Call Report Data. Only includes credit unions headquartered in Indiana.

How to choose a bank in Indiana

When choosing a bank in Indiana, consider what matters most for your financial needs. Indiana has 14 FDIC-insured banks headquartered in the state, plus additional out-of-state banks with local branches. Each institution offers different strengths in terms of branch access, product variety, and community focus.

Consider whether branch access matters to you. If you prefer in-person banking, look for institutions with branches near your home or workplace. If you primarily use mobile and online banking, you may want to prioritize digital features and compare interest rates, as online-focused banks often offer higher savings APYs.

All banks listed on this page are FDIC-insured, meaning deposits are protected up to $250,000 per depositor, per insured bank, for each account ownership category (Source: FDIC). Beyond FDIC insurance, compare factors such as monthly maintenance fees, ATM networks, minimum balance requirements, and customer service availability. The CFPB recommends comparing at least three institutions before opening a new account.

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Data Sources

FDIC BankFind: Financial data including total assets, deposits, net income, ROA, and ROE for all FDIC-insured institutions. https://banks.data.fdic.gov/

CFPB Consumer Complaint Database: Consumer complaint data by institution, including complaint volumes, response rates, and top issue categories. https://www.consumerfinance.gov/data-research/consumer-complaints/

Federal Reserve Economic Data (FRED): Interest rate benchmarks including the Federal Funds Rate, Treasury yields, and national savings rate averages. https://fred.stlouisfed.org/

BankRanked is not a bank, credit union, or financial advisor. This content is for educational purposes only and does not constitute financial advice. All data is sourced from publicly available government databases (FDIC, NCUA, CFPB, FRED). Consult a licensed financial professional before making banking decisions.