Finance Archives • Page 3 of 4 • Northwest Indiana Business Magazine

The Future is Now

Banking technologies add convenience, but some still prefer bricks and mortar. by Jerry Davich Today’s banking customers have more options than ever regarding their finances, but also more checks and balances when it comes to daily decision-making. Should they choose old habits over new technologies? Convenience over complexities? Face-to-face interactions versus online interfacing? Pen and …

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Charter Group starts furniture market

GRAND RAPIDS, Mich. – Building on more than two decades of experience serving the office furniture and home interiors market, The Charter Group today announced formation of a dedicated Furniture Practice led by Andrew Williams. The Grand Rapids, Mich.-based merger and acquisition advisory firm said the move reflects growing activity and demand for buy, sell …

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Beacon Health receives AA- bond rating

SOUTH BEND – Fitch and Standard & Poors have established a rating of AA- / Stable for Beacon Health System, an affiliation between Elkhart General Hospital and Memorial Hospital of South Bend. The rating is a direct reflection of the success of the two organizations affiliating and the solid financial position Beacon enjoys. In conjunction …

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Blurring the Lines

Credit unions offer alternatives to traditional banking. by Michael Puente When the great recession hit in 2008 and lasted through much of 2009, securing a loan through a traditional bank became more difficult, with stricter income guidelines and tougher collateral requirements as a way to reduce the risk of loans going unpaid. That meant some …

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Methodist’s bonds receive upgrade

GARY – Fitch Ratings, one of the three major credit rating agencies, has upgraded Methodist Hospitals bond issues to BBB from BBB-.  The upgrade is the second such move by the ratings agency in the past 12 months. The ratings agency cited Methodist’s sustained operating performance in making this latest upgrade, including strong profit margin, …

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Stability But Still Uncertainty

Local banks prosper even in tough economic times. by Michael Puente For the all the negative national economic news surrounding underwater mortgages, foreclosures and companies that can’t secure loans for new initiatives, Northern Indiana as a whole isn’t fairing too badly and is actually doing much better than other parts of the country. That’s according …

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Costello named chief financial officer

SOUTH BEND – Jeff Costello has been named chief financial officer of the newly affiliated organization combining Elkhart General Hospital and Memorial Health Systems. Costello has served as chief financial officer of Memorial Health System since 1995. He will be responsible for all accounting, financial planning, investments, business office operations, construction and medical records. He …

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Building Financial Literacy: Centier’s educational efforts target children and adults

by Kathy McKimmie Wide-ranging education and training programs have been put in place by Merrillville based Centier Bank to help both children and adults learn how to manage money and credit and to help those who have been disenfranchised from the banking system make their way in. The bank’s formal initiative started seven years ago …

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LaPorte Savings Bank

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 …

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