Cities pursue creative efforts for revitalization. by Rick A. Richards Northwest Indiana downtowns were once retail hubs. But with the development of regional shopping malls and strip shopping centers over the past two generations, downtowns across the region have changed. Left behind are empty storefronts and vacant parking lots. In recent years, however, those downtown […]
MUNSTER – CFS Bancorp Inc., the parent company for Citizens Financial Bank, has declared a quarterly dividend of 1 cent per share of common stock. The dividend will paid on Oct. 28 to shareholders of record on Oct. 7. The dividend is unchanged from the second quarter. Citizens Financial Bank has assets of more than
VALPARAISO – Officials from Porter Hospital and Valparaiso University have announced the sale of the hospital campus. “The purchase of this property is a strategic investment for the university that is directly aligned to the strategic plan and support its growth objectives,” said university President Mark A. Heckler. “The acquisition of this land will ensure
GARY – The Sheet Metal and Air Conditioning Contractor’s National Association has given its first place recognition for 2011 Safety Excellence to Mechanical Concepts Inc. of Gary. “We’re very pleased to have received this honor. Safety is above all our number one priority for our staff and our clientele and we’re happy to be recognized
MERRILLVILLE – Daniel R. Yamtich has been named vice president, team leader for Fifth Third Bank’s business banking line. He will be responsible leadership of business banking in the Merrillville region. Yamtich, who has 25 years of banking experience, previously was regional manager for commercial real estate for Fifth Third Bank. Yamtich is a graduate
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
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,”
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.
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
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,
