Small-bank values and a five-star rating. by Rick A. Richards LaPorte Savings Bank’s roots run deep in LaPorte County and Northwest Indiana. As far as Chairman and CEO Lee Brady can tell, the bank’s roots are deeper than any other bank in the region still doing business under its original name. Brady, who has been […]
INDIANAPOLIS – The Indiana District Office of the U.S. Small Business Administration has recognized Centier Bank of Munster as its Third Party Lender of the Year. Centier contributed to 12 SBA loans in 2001, accounting for $16.2 million in projects. It contributed 8 percent of all SBA loans in the state. One project was worth
CROWN POINT – Sister Aline Schultz has been named the Athena Leadership Award winner by the Crossroads Regional Chamber of Commerce. Sister Aline, vice president of marketing and development for Franciscan Alliance, was cited for her work in mentoring women and for the St. Clare Health Clinic, which provides free primary care and other services
GARY – The owner of Majestic Star Casino in Gary has emerged from Chapter 11 bankruptcy. Majestic Star’s largest shareholder, Wayzata Partners LLC of Minnesota, now owns the casino. It also owns Fitzgeralds casinos in Mississippi and Colorado. The reorganization and transfer of ownership was recently approved by the Indiana Gaming Commission. Majestic Star filed
VALPARAISO – Guy Olympidis, president and CEO of Family Express Inc., has announced plans to build three new convenience stores in Lake County. Olympidis founded Family Express 40 years. Today, his company has 57 outlets across Northwest and central Indiana. Seven of those stores are in Lake County. Family Express has invested $8 million in
MISHAWAKA – The Mishawaka City Council has approved plans for a 104-unit upscale apartment complex. Known as Toscana Park, the units will rent for between $1,000 and $1,600 a month and are aimed at people who have recently moved to the community or those who have just sold a house and need a place to
SOUTH BEND – The 25-story Chase Tower in downtown South Bend, the region’s tallest building, could receive major improvements if the South Bend City Council signs off in a proposal that includes $5.7 million from the city. The building has been in receivership for nearly a year. It has just 22 tenants, most of whom
MERRILLVILLE – Regional Mental Health Center has received the only recent HUD grant to an Indiana agency to provide supportive housing for disabled people. The three year grants include a $2.9 million capital advance and $159,900 rental subsidy. Robert Krumwied, chief executive officer of Regional Mental Health Center, said the agency plans to build a
MICHIGAN CITY – Horizon Bancorp, the parent company of Horizon Bank, has announced a stock split that will be distributed Friday, Dec. 9. Each shareholder will receive an additional half share of their common stock. The price paid for fractional shares will be based on the five-day average closing price. The split will increase Horizon’s
WESTVILLE – Purdue University North Central is recruiting high-tech start-up companies to take part in a system wide initiative called “Interns for Indiana.” It is a competitive program that assists start-up companies by partially funding high-quality undergraduate interns. Companies are matched with student interns who are expected to work 400 hours starting in May and
