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INDIANAPOLIS--(BUSINESS WIRE)--Indiana Business Bancorp (OTCBB:IBBI - News), the holding company for Indiana Business Bank, announced results for the three months ended June 30, 2010.

The Company recorded a net loss of ($484,678), or ($.32) per share, for the quarter. This compares to a profit of $37,907, or $.03 per share for the quarter ending June 30, 2009. The loss was primarily due to a provision expense of $706,250 charged during the 2010 quarter. The increased provision primarily related to a single commercial real estate borrowing More >