CROWN POINT – Lake Superior Court Judge John Pera has issued a foreclosure order for $3.66 million against White Hawk Country Club. The golf course and clubhouse is scheduled for a sheriff’s sale on Oct. 7. Owner Paul Switzer said he is trying to work out a new financial package with First Midwest Bank. The […]
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MICHIGAN CITY – Horizon Bancorp, the parent company of Horizon Bank of Michigan City, has announced a second quarter profit of $3.1 million, up from $2.5 million one year ago. Craig Dwight, president and CEO, said the profit in the first six months of the year was the highest in the bank’s history. At the
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GRIFFITH – United Federal Credit Union of St. Joseph, Mich., has acquired Griffith Savings Bank’s assets, including its deposits and liabilities valued at $81 million. Griffith Savings will retain some assets to fund employee benefit plans, which will not be taken over by United Federal. The deal is expected to be completed in the third
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MUNSTER – CFS Bancorp Inc., the parent company for Citizens Financial Bank, has announced net second quarter income of $1.2 million, up from $981,000 one year ago. Per share earnings rose from 9 cents last year to 11 cents. Chairman and CEO Thomas Prisby said the bank is well on its way to diversifying its
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SOUTH BEND – CB Richard Ellis/Bradley and Real Estate Management Corp. have named Kyle Chamberlin a contract administration for the commercial real estate services and property management team. Most recently, Chamberlin was with Barnes & Thornburg LLP and the office of the Elkhart County Prosecuting Attorney. He will provide in-house legal counsel on contract law
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CROWN POINT – A problem plaguing the refrigerated trucking business has been addressed by a Crown Point entrepreneur. Russ Edwards of Coolway Refrigeration took on the safety issue of truck driver pulling their cabs away from the trailer without unplugging the electrical power source. Edwards created the patent-approved Electrical Power Interruption Control (EPIC) device. So
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LONDON – BP, which operates a massive refinery in Whiting, has announced a net second quarter profit of $5.6 billion, down 11 percent from pre-Gulf oil spill levels. One year ago, BP announced a loss of $17.2 billion. Earnings one year ago also included a $32 billion charge associated with clean up in the Gulf
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Northwest Indiana emerging as a great place to turn research into products. by Rick A. Richards The buckle of the nation’s industrial belt is firmly cinched in Northwest Indiana. Steel and its affiliated suppliers and businesses have been a part of the region’s landscape for generations. And just a few miles south, Indiana’s cornbelt begins.
LAPORTE – Indiana University Health LaPorte Hospital will offer a Spanish/English Medical Interpreters Course from 8 a.m. to 4:30 p.m. on Saturdays, from Aug. 27 to Oct. 22. The class, designed for people interested in becoming a professional Spanish-English medical interpreter, will be held in Room B113 in the lower level of the hospital. The
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SOUTH BEND – 1st Source Corp., the parent company of 1st Source Bank, announced net income of $14.87 million for the second quarter of 2011, an increase of 90.7 percent from one year ago. For the first six months of the year, net income was $25.47 million, up 45.78 percent from 2010. “I am quite
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