Business

By Autumn Gasior— Transformational project brings housing, commercial space, and investment to downtown Yorktown, IN – Construction is officially underway on The Oliver in downtown Yorktown. Town officials, Rebar Development, and project partners broke ground on the $6 million mixed-use project adjacent to the new Civic Green late Friday afternoon. An important part of the Town of Yorktown’s Downtown Redevelopment Plan, The Oliver brings housing as well as retail, office, and restaurant space to the area. “When we first started these…

By Melissa Jones—  Muncie, IN— Intersection, a full-service marketing and branding agency in downtown Muncie, recently earned three top awards at the 2021 Hermes Creative Awards. The Hermes Creative Awards is an international competition administered and judged by the Association of Marketing and Communication Professionals; the competition recognizes outstanding work by creative professionals in the traditional and emerging media industry. “AMCP judges are industry professionals who look for companies and individuals whose talent exceeds a high standard of excellence and…

By MVB via Facebook— Muncie, IN—The Delaware County Convention and Tourism Commission announced at its monthly meeting today that Jim Mansfield, Executive Director of the Muncie visitors Bureau, is retiring from his position effective April 30, 2021. Mansfield began his service to the Muncie visitors Bureau as a commission member for ten years prior to assuming the leadership position as the Executive Director in 2001. When asked to share his thoughts, Mansfield said, “I have been fortunate to have served…

By Northwest Bancshares— Warren, Pennsylvania—Northwest Bancshares, Inc. (the “Company”) (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2021 of $40.2 million, or $0.32 per diluted share.  This represents an increase of $32.3 million compared to the same quarter last year when net income was $7.9 million, or $0.07 per diluted share.  The annualized returns on average shareholders’ equity and average assets for the quarter ended March 31, 2021 were 10.61% and 1.17% compared to 2.37% and 0.30% for the…

By First Merchants— Muncie, IN—First Merchants Corporation (NASDAQ – FRME) has reported first quarter 2021 net income of $49.5 million compared to $34.3 million during the same period in 2020.  Earnings per share for the period totaled $.91 per share compared to the first quarter of 2020 result of $.62 per share, an increase of $.29, or 47 percent. Total assets equaled $14.6 billion as of quarter-end and loans totaled $9.3 billion.  The Corporation’s loan portfolio increased by $711 million,…

By Mike Rhodes, Editor-in-Chief— Muncie IN—Earning the respect and trust of their customers has been a priority for Sidney Electric since their inception in 1953. By performing accurate, on-time work with the care and concern you’d receive from a friend, they have built their business on a solid foundation of relationships that continue to stand the test of time. And since they can boast nearly 70 years of knowledge in their field, they can also promise customers a degree and…

By First Merchants— Companies execute legal close following regulatory approvals Indianapolis, IN – First Merchants Corporation (NASDAQ: FRME) and Hoosier Trust Company have finalized a merger of the two companies, following regulatory approvals. The merger provides enhanced solutions available to current Hoosier Trust clients and solidifies First Merchants as a preeminent provider of fiduciary and wealth management services in central Indiana. Established in 2001, Hoosier Trust Company built a highly respected trust and investment management practice serving clients in central…

 By Richard Crist— Muncie, IN– The Innovation Connector is pleased to announce the promotion of Carter Anderson to Associate Director. Anderson will serve as the first Associate Director at the Innovation Connector. In this new role, he will manage facilities, operations, and specific programming for the center.  “The Innovation Connector is thrilled to have Carter on our team to serve in this new capacity. Creating this position is a major step forward as we continue to grow our service offerings…

By First Merchants— Citing growth and lending ability, Muncie-based financial institution ranks 15th in U.S. Muncie, IN— Forbes has released its 2021 list of “America’s Best Banks,” and once again, one of the Midwest’s legacy financial institutions sits at the top of banks based in Indiana and one of the best in the nation. First Merchants Bank – Indiana’s second largest financial services holding company – is rated by Forbes as the country’s 15th best bank for 2021. “My colleagues…