MICHIGAN CITY – Horizon Bancorp, the parent company for Horizon Bank, announced a record quarterly profit of $4.6 million, up 79 percent from one year ago. President and CEO Craig Dwight said the bank had $988.6 million in loans at the end of March, up from $179 million the previous year. Dwight said Horizon purchased […]
KNOX – Selected Furniture LLC will open a distribution and manufacturing plant in Knox. The company announced it was closing is distribution center in Chicago and manufacturing operation in China and combining both into an operation in Knox. Selected Furniture will spend $1 million to buy, renovate and equip a 201,000 square foot building. The
The economy is coming back to life. Is the region’s workforce prepared to cash in on the opportunities? by Shari Held With the negative press the economy has generated over the last few years, it’s easy to overlook the positives Northwest Indiana has to offer – the Dunes, the casinos, the steel mills, a great
SOUTH BEND – 1st Source Corp. has announced that its first quarter income was $11.72 million, up by more than 10 percent from $10.61 million one year ago. Chairman and CEO Christopher Murphy said that expenses were down in the quarter while loan loss provisions for unchanged for the quarter. He said 1st Source Bank’s
FAIR OAKS – Fair Oaks Farms is converting its entire fleet of delivery trucks to run on renewable fuel made from cow manure. The dairy farm with more than 25,000 head of cattle on its Newton County farm plans to convert the waste generated there into a usable bio-fuel. Fair Oaks has a fleet of
HAMMOND – The South Shore Convention and Visitors Authority will hold its annual Tourism Week Luncheon at the Indiana Welcome Center starting at 11:30 a.m. on Wednesday, May 9. Tickets are $35 per person. RSVPs will be taken until Wednesday, May 2 at (219) 554-2229. The keynote address will be given by David Fitzsimmons, a
HAMMOND – Northwest Indiana hosted some 300 basketball teams over the weekend for the Adidas Girls Hoosier Hardwood Classic and the Chicago Hoops Spring Show. The Adidas Girls Hoosier Hardwood Classic featured 96 teams from across the country and the Chicago Hoops Spring Showdown attracted some 200 teams. Hotel rooms throughout the region were booked
MERRILLVILLE – Six Lake County students have received four-year, full-tuition scholarship as the Legacy Foundation 2012 Lilly Endowment Community Scholars. Each will receive full tuition to the Indiana college or university of their choice and a $900 yearly stipend for books and equipment. The scholars are Jackeline Fernandez of East Chicago Central High School; Cassandra
HUNTSVILLE, Ala. – A team of Purdue University Calumet engineering students placed third in the College Division of the recent international NASA Great Moonbuggy Race. Benjamin Moul of Hart, Mich., and Maria Frebis of Murfreesboro, Tenn., drove Purdue Calumet’s buggy, completing the course in four minutes and 32 second. A team from the University of
WASHINGTON, D.C. – The Intermediary Lending Pilot Program which provided long-term loans to eligible non-profit intermediary lenders to finance their lending to small businesses, has opened a second competitive application period. As a result, small businesses, especially those in underserved markets looking for loans up to $200,000 will soon have access to twice as many
