US regulators close small lender in Ohio
Written by Associated Press   
Friday, 23 May 2014 20:49
WASHINGTON (AP) — Regulators have closed a small lender in Ohio, marking the eighth U.S. bank failure of 2014 after 24 closures last year.

The Federal Deposit Insurance Corp. said Friday that it has taken over Cincinnati-based Columbia Savings Bank.

The lender, which operated a single branch, had about $36.5 million in assets and $29.5 million in deposits as of March 31.

United Fidelity Bank, based in Evansville, Indiana, has agreed to assume Columbia Savings' deposits and to buy essentially all of the failed bank's assets.

Democrat Boland announces bid for treasurer
Written by TOM LoBIANCO, Associated Press   
Friday, 23 May 2014 20:48
INDIANAPOLIS (AP) — A former longtime Illinois lawmaker announced Friday he will attempt to win the state treasurer's office for Indiana Democrats.

Mike Boland, 71, is the first Democrat to join the race for the office overseeing investments and other areas.

All three of the statewide offices up for consideration this fall — treasurer, auditor and secretary of state — are currently held by Republicans.

Boland said he would bring more balance and accountability to the Statehouse.

"What I see is, we need a balance here in state government. It's too lopsided in power; there's too little accountability and transparency," he said.

3 juveniles faces adult charges in boy's shooting
Written by Associated Press   
Friday, 23 May 2014 20:46
SOUTH BEND, Ind. (AP) — A northern Indiana magistrate has ordered three juveniles charged in connection with the shooting death of a 2-year-old South Bend boy be tried as adults.

The St. Joseph County prosecutor's office says 17-year-old Malcolm Buchanon, 15-year-old Cedric Washington Jr. and 15-year-old Tyre Bradbury cases were waived into Superior Court on Friday. Buchanon and Washington are charged with assisting a criminal and Bradbury with aiding in murder.

Authorities say 2-year-old John Swoveland Jr. was struck April 9 by a stray bullet from a gunfight between rival gangs blocks away.

Colts owner formally charged with 2 misdemeanors
Written by Associated Press   
Friday, 23 May 2014 20:47
NOBLESVILLE, Ind. (AP) — Prosecutors charged Indianapolis Colts owner Jim Irsay with two misdemeanor counts Friday stemming from his intoxicated driving arrest near his home in March.

Hamilton County prosecutors said Irsay was charged with operating a vehicle while intoxicated and operating a vehicle with a schedule I or II controlled substance or its metabolite in the body, which carry maximum penalties of 60 days in jail and $500 fines for each count. A probable cause affidavit said Irsay was driving under the influence of oxycodone and/or hydrocodone, both powerful painkillers.

Irsay was arrested near his home at about 3 a.m. on March 16 with $29,000 in cash and bottles of prescription drugs in his vehicle. Police said Irsay denied being drunk and told an officer he had taken several prescription medications during the day. A police report said the 54-year-old billionaire was so disoriented that officers made him sit on the hood of a patrol car to keep him from falling, and that he had trouble reciting the alphabet.

Some states opting out of federal prison rape law
Written by REBECCA BOONE, Associated Press   
Friday, 23 May 2014 20:43
BOISE, Idaho (AP) — Several states are refusing to comply with a federal law designed to reduce sexual assaults in prison, with governors criticizing the decade-old law as counterproductive and too expensive to implement.

The governors of Idaho, Texas, Indiana, Utah and Arizona have informed U.S. Attorney General Eric Holder that they won't try to meet the standards required under the Prison Rape Elimination Act. Governors were required to certify by May 15 that their states either met the standards designed to curb widespread sexual abuse behind bars, or to promise that they were actively working toward that goal.

"Idaho supports the spirit and intention of PREA and the National PREA Standards, but a law with good intent has evolved into a law with too much red tape," Idaho Gov. C.L. "Butch" Otter wrote in a letter to Holder sent five days after the deadline. It would cost the state millions of dollars to meet some of the standards, Otter said, and he believed the cost would have little ultimate benefit. Besides, the governor said, the state has taken substantial steps to reduce sexual victimization in correctional facilities.

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