Business

By Muncie-Delaware County Chamber of Commerce— MUNCIE, Ind.—The City of Muncie is pleased to announce the ribbon cutting ceremony for the White River Lofts project on Thursday, November 4th at 4:00 p.m. at the White River Lofts. The event runs until 8:00 that night and will include opportunities to tour the apartments and to inquire about leasing options. Located at 400 West Washington Street, the new development features 55 luxury apartments, and 2,000 square feet of commercial space. Amenities include: one & two-bedroom plans, quartz countertops, stainless appliances, washer/dryers in each unit, roof-top green space, and guest lobby with kitchenette…

By First Merchants— MUNCIE, Ind.—First Merchants Corporation (NASDAQ – FRME) has reported third quarter 2021 net income of $52.8 million compared to $36.2 million during the same period in 2020, an increase of 45.7 percent. Earnings per share for the period totaled $.98 per share compared to the third quarter of 2020 result of $.67 per share. Year-to-date net income totaled $157.8 millioncompared to $103.5 million during the nine months ended September 30, 2020, an increase of 52.5 percent. Year-to-date earnings per share totaled $2.92 compared to $1.91 during the same period in 2020. Total assets equaled $15.1 billion as of…

By Northwest Bancshares— WARREN, Pennsylvania—Northwest Bancshares, Inc. (the “Company”) (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2021 of $35.1 million, or $0.27 per diluted share.  This represents a decrease of $3.0 million, or 7.9%, compared to the same quarter last year, when net income was $38.1 million, or $0.30 per diluted share.  The annualized returns on average shareholders’ equity and average assets for the quarter ended September 30, 2021 were 8.86% and 0.97% compared to 9.82% and 1.09% for the same quarter last year. The Company also announced that its Board of Directors declared a quarterly cash dividend…

By Indiana Michigan Power— FORT WAYNE, Ind. – While this has been a warm fall, winter and colder temperatures will be here before we know it. In fact, this winter is predicted to be colder across the country compared to last year, which could mean higher heating bills. Now is the time for customers to prepare their home or business for the colder weather. Indiana Michigan Power (I&M) is Powering the Next Energy Saving Idea during National Energy Awareness Month by offering tips to help keep energy costs under control this winter. The company wants to remind customers about this…

By First Merchants— 20-year veteran to strengthen security and protection efforts for multiple stakeholders MUNCIE, Ind. – First Merchants Corporation (NASDAQ – FRME) announced Chad Kimball as its new senior vice president and chief risk officer. He will be responsible for the Bank’s enterprise risk management program that supports First Merchants’ strategies. Along with overseeing the company’s governance and strategy for risk management and compliance, including relationships with key regulators and supervisory institutions, he will work to ensure multiple stakeholders remain well informed of any risks. “Chad comes to us with deep financial services and risk management experience,” said First Merchants…

By Carter Anderson— MUNCIE, Ind.—Got a business idea? The BIG Idea Pitch Competition gives you the chance to prove the potential of your business idea, meet others who can help you succeed, and possibly win a cash prize! This competition will be held at the Innovation Connector on November 8th, 2021 at 6 pm EST and will be live-streamed on the Innovation Connector Facebook page. Those interested in this opportunity should register by 12 PM EST on October 26th to secure their spot in the competition. The Innovation Connector will host two in-person training camps prior to the finals night on…

By Amy Leffingwell— MUNCIE, Ind. –Local marketing and branding firm Farmhouse Creative has acquired the client base of Williams Printing of Farmland, IN. Established in 2012, Farmhouse Creative is owned by the husband/wife team of Matt Howell and Angie Rogers-Howell. Angie, president and CEO, brings over 15 years of experience in the design and print industry. In 2014, Matt Howell joined the Farmhouse team as vice president. He brings over 20 years of experience in website design, development, and digital marketing. Farmhouse Creative serves its clients by offering high-quality branding and graphic design services, print products, promotional products, website design…

By Tracy Warner— New partnership supports charger installations for customers $500 incentive for installation costs; lower rate available for overnight charging National Drive Electric Week helps highlight electric vehicle advantages FORT WAYNE, Ind. – Indiana Michigan Power (I&M) has announced details of its IM Plugged In program that offers incentives to Indiana residential customers for installing charging equipment for electric vehicles. Participating customers also receive discounted rates for charging their electric vehicles overnight. IM Plugged In makes charging electric vehicles more affordable and inviting to Hoosier customers as they choose their transportation options. IM Plugged In helps provide customers the…

By Finvi— BURLINGTON, Mass.– Ontario Systems, a leading provider of enterprise workflow automation software built to accelerate revenue recovery and remove friction from the payments process for clients in the accounts receivable management (ARM), healthcare, and government markets announced the company will change its name to Finvi (pronounced fin · vī) and update its corporate logo. “We believe that our name change reflects a unique opportunity to build brand awareness around our solutions and competitive offerings,” said Tim O’Brien, CEO of Finvi. “Since my arrival, we have integrated a number of acquisitions, refreshed our product roadmaps to better represent the…