WASHINGTON – Two Indiana community banks have received $41.4 million in funding from the U.S. Treasury Department’s Small Business Lending Fund. One of those banks is Horizon Bancorp in Michigan City, which received $12.5 million. “These funds will provide a powerful incentive for community banks to expand their lending to small businesses, spurring new investment […]
Horizon receives funds from Treasury Read More »
SOUTH BEND – Five properties managed by Real Estate Management Corp. have received perfect scores from the U.S. Department of Housing and Urban Development. Of 600 properties in Indiana assessed by HUD, only seven received perfect scores. “As evidenced by the few properties that received a perfect REAC score, they are difficult to come by,”
REMC properties get high grades from HUD Read More »
MUNSTER – NorthWest Indiana Bancorp, the parent company for Peoples Bank, has declared a third quarter dividend of 15 cents a share. It will be paid Oct. 7 to shareholders of record on Sept. 30. The company’s over-the-counter stock is trades under the symbol NWIN.OB. Peoples has 11 banking offices in Lake and Porter counties.
Peoples Bank announces dividend Read More »
MICHIGAN CITY – Horizon Bancorp, the parent of Horizon Bank, has announced it will increase the money it makes available for small business loans over the next two years. Horizon has received $12.5 million as its share of the U.S. Treasury Department’s Troubled Asset Relief Program. Horizon had purchased preferred shares in the program that
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LAPORTE – The Visiting Nurse Association of Indiana University Health LaPorte Hospital is looking for volunteers to assist hospice patients and families in LaPorte County. Interested volunteers should sign up for 10 to 12 hours of trainings on Friday, Sept. 16, at the VNA office from 9 a.m. to 3 p.m., and Tuesday, Sept. 20,
Hospice volunteer training being offered Read More »
VALPARAISO – Porter-Starke Services, a community mental health center, has received a three-year accreditation by the Commission on the Accreditation of Rehabilitation Facilities. The accreditation is the highest level of accreditation that can be awarded to an organization. “We take pride in the quality of services our organization delivers,” said Rocco Schiralli, president and CEO
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SCHERERVILLE – Ground has been broken for Residences at Deer Creek, a senior living community at Deer Creek Professional Park. The 2.4-acre site will be home to 86 private assisted living and memory care units covering 80,000 square feet. The units are expected to open in the fall 2012.
Senior living center to open in Schererville Read More »
MERRILLVILLE – Modern Forge Co. of Blue Island, Ill., has announced it is moving to a site on Colorado Street in Merrillville. The move will result in a $17 million investment in the new site and will create 250 jobs. The Indiana Economic Development Corp. provided $2.2 million in incentives and the Northwest Indiana Regional
Modern Forge to create 250 Merrillville jobs Read More »
GARY – Gariup Construction received a $1.2 million contract as part of the $28 million overhaul of Marquette Park. Gariup submitted a successful bid for site development, general trades, and masonry work on the Aquatorium. The contract was awarded by the Gary Board of Public Works and Safety. City officials said they selected Gariup because
Gariup gets $1.2 million contract from Gary Read More »
MICHIGAN CITY – Vanair Manufacturing Inc. is expected to announce soon that it will invest $1 million to expand its manufacturing plant by 30,000 square feet. The project is expected to add 20 jobs. Vanair produces customized work trucks for municipalities, railroads, manufacturers and other customers around the United States.
Vanair announces $1 million expansion Read More »
