Old National teams with United
Evansville-based Old National Bancorp and Ann Arbor-based United Bancorp, Inc., jointly announced the execution of a definitive agreement under which Old National will partner with United through a stock and cash merger.
With nearly $919 million in total assets, an additional $869 million in wealth management assets under management and a $963 million loan servicing portfolio, United is a bank holding company with United Bank & Trust as its wholly-owned subsidiary. United Bank & Trust operates 18 full-service banking centers spanning four Southern Michigan counties. Combined with Old National’s 18 Michigan branches, this partnership will double Old National’s Michigan presence to 36 total branches.
Founded in Evansville in 1834, with $9.7 billion in assets and nearly 170 branches, Old National is the largest financial services holding company headquartered in Indiana and the fourth largest deposit holder in the Hoosier state. Old National Bank also has branches in Southern Illinois, Western Kentucky and Louisville.
‘Spill the Beans’ brunch scheduled
Spill the Beans with a Tax Preparer is scheduled from 10 a.m. to 2 p.m. Thursday at the Wabash Senior Citizen’s Center at 300 S. Fifth St.
Featured speakers include Andrew P. Stadler, of Stadler Tax Service; Terry Daniels, of Hoosier Heartland Financial Services; Jennifer Higginbotham, of DeBaun Funeral Home and Cremation Services; and Marjorie Hopkins, author of “Dying to Meet Him — Wit and Wisdom from a Funeral Director’s Wife.”
Reservations are requested and can be made by calling 812-232-3245 or 232-7575 and leaving a message.
Talk to a Lawyer Today program set
On Jan. 20, the Indiana State Bar Association, in collaboration with the Indiana Pro Bono Commission, will sponsor “Talk to a Lawyer Today,” a pro bono program to provide legal assistance to the underserved as an annual tribute to Dr. Martin Luther King Jr. The program is an opportunity for attorneys statewide to offer free legal consultations to members of the general public who might not otherwise be able to afford the counsel of an attorney. A local hotline will be available for residents in District K — which includes Daviess, Dubois, Gibson, Knox, Martin, Perry, Pike, Posey, Spencer, Sullivan, Vanderburgh, Vigo and Warrick counties — by calling 812-618-4845 or 888-594-3449 from 10 a.m. to noon EST.
Also, a statewide hotline for both English and Spanish-speaking callers will be available by calling 800-266-2581 from 9 a.m. to 5 p.m. EST.
For more information about this program or to view a list of locations for each district, visit www.inbar.org.
Have Lunch with Lawyer is Jan. 20
Have Lunch with a Lawyer is scheduled from 11:30 a.m. to 1 p.m. on Jan. 20 at the Wabash Senior Activity Center, 300 S. Fifth St.
Teri Lorenz, of Hunt, Hassler, Lorenz & Kondras LLP, will be the featured guest. Lorenz has more than 30 years of experience in representing clients in difficult and complicated family law matters. She is the only Certified Family Law Specialist in Vigo County.
Lorenz will discusses estate planning measures, such as POA, living wills, wills and family law. A brief question-and-answer period will follow her presentation.
Lunch will be complimentary and provided courtesy of Cloverleaf Healthcare.
Space is limited, and reservations are required. RSVP by calling 812-232-7575.
Falling prices could mean less corn
Falling corn prices and questions about ethanol demand could lead Illinois farmers to plant fewer acres of corn this year.
Patrick Kirchhofer is manager of the Peoria County Farm Bureau. He tells the (Peoria) Journal Star that farmers are instead taking a closer look at soybeans this year. That’s after several years of increasing corn production fueled by higher prices.
Nationwide, analysts have called last year’s crop a record-breaker at more than 14 billion bushels.
But excess corn has pushed prices back down from $8 a bushel in 2012 to a current price of about $4.
Also, the U.S. Environmental Protection Agency has proposed reducing the amount of ethanol required to be blended into the nation’s fuel.
Edwards farmer Ross Pauli worries that would hurt the farm economy.
Old National teams with United
US employers add 175K jobs despite harsh weather
U.S. employers stepped up hiring in February despite a blast of harsh winter weather, renewing hopes that the economy could accelerate this year.
Meet and greet March 7 at Tater & Joe’s Coffee Grounds
An informal meet and greet at the new Tater & Joe’s Coffee Grounds ,423 Wabash Ave., begins at 6 p.m. on Friday.
Sony DADC halting local distribution operation, cutting 34 jobs
Sony DADC, a major electronics and digital equipment maker, confirmed today it is closing a distribution operation at its Terre Haute plant.
Advisers make students apply theory to practice
Master’s students in a strategic management class at Indiana State University received professional advice and insights from local companies during a semester-long project.
Social Security: In Iditarod and retirement, prep is key
The Iditarod Trail Sled Dog Race, which started Saturday in Alaska, is one of the harshest, most challenging races known to man — or dog. Mushers embark on a nine- to 15-day race from Anchorage to Nome.
Contestants bear sub-zero temperatures with gale-force winds that can cause wind chills as low as negative 100 degrees Fahrenheit. It takes endurance, preparation and careful planning to make it from start to finish. The same can be said for your race toward retirement and Social Security.
- On the move: March 2, 2014
- Newsmakers: March 2, 2014
Biz prof outlines management practices
A strong dollar backed by the gold standard and perceived to be “as good as gold” has boosted America’s credibility with trading partners worldwide and facilitated rich exchanges of goods and services that allow the U.S. economy to grow and prosper.
FIO director to be keynote at D.C. summit
On the heels of his report to Congress proposing changes in insurance regulation, Michael McRaith, director of the Federal Insurance Office, will be the keynote speaker for Networks Financial Institute’s 10th anniversary Insurance Public Policy Summit.
Produce program taking applications
Melon Acres, north of Vincennes on U.S. 41, is preparing for another season of providing families with access to fresh, locally grown fruits and vegetables. The Oaktown farm’s Community Supported Agriculture program will begin the week of May 18. The 18-week season will run through September and shareholder registrations are now being accepted.
Students sought to paint houses during summer
While most college students will be spending the summer by the pool or relaxing with friends, James Welch will be running his own exterior painting business through an organization called Student Painters.
Best Places to Work in Indiana companies named
Union Hospital has been selected for the Indiana Chamber of Commerce “Best Places to Work” award for the sixth consecutive year.
ASAP makes 2 business degrees possible in 3 years
Motivated students interested in a career in business can jumpstart their futures with Ivy Tech Community College’s new Associate Accelerated Program.
IPL to host second class of principals
The Indiana Principal Leadership Institute at Indiana State University’s Bayh College of Education is accepting applications until March 15, which has been extended because of winter storms and school cancellations.
- Briefly: March 2, 2014
Downtown coffee shop reopens under new ownership
A popular coffeehouse, with roots in downtown Terre Haute’s revival, has returned after a six-month absence.
Indiana Limestone Co. closing shop, idling 166
BLOOMINGTON, Ind. (AP) — An 88-year-old Indiana company that supplied limestone to the Empire State Building, the Pentagon and other iconic buildings is going out of business and laying off its 166 workers.
Taco Bell takes aim at McDonald’s with breakfast
NEW YORK (AP) — Egg McMuffin, meet the Waffle Taco.
Taco Bell is readying for the launch of its national breakfast menu on March 27, with items such as the A.M. Crunchwrap designed to appeal to its fan base of younger men. And the chain says breakfast will be available until 11 a.m. — a half-hour later than McDonald’s offers its Egg McMuffins.
YOUNG LEADERS: Young Leaders assist future professionals with attire
In this month’s installment of keeping our community involved in the works and great things happening through Terre Haute Young Leaders, we again thank the Tribune-Star for providing us with the opportunity. Despite a frigid and blustery January and February, our attendance and member involvement has remained strong with near capacity turnouts.
BUSINESS CENTS: Synergetic marketing needs infrastructure
Recently, I attended the annual Groundhog Day Economic Forecast, and the keynote speaker with our Indiana Secretary of Commerce, Victor Smith. During his speech, one of the important items he touched on was “hunters.”
NEWSMAKERS: Feb. 23, 2014
David Boeglin, broker associate with Remax Real Estate Associates in Terre Haute, was recently recognized by Remax of Indiana at their 2013 awards banquet.
SOCIAL SECURITY: Your spouse could be covered by benefits
If you have a spouse who does not earn an income or who earns less than you do, your spouse may be entitled to Social Security spouses’ benefits based on your record.
New management, new shot at success
The Golden Corral restaurant is riding back into Terre Haute after an absence of nearly three years.
EYE ON THE PIE: Outlining Congressional districts, Hoosier demographics
Readers of this column are likely to know the name of their representative in Congress. However, even these involved citizens are not likely to know the number of their congressional district.
SOCIAL SECURITY: Are your Social Security benefits taxable?
If you’ve recently begun receiving Social Security benefits or plan to apply in the near future, you may be wondering this tax season if Social Security benefits are taxable?
E-file to avoid common tax season errors
With the tax season under way, many taxpayers are filing electronically. This year, the Department of Revenue is offering qualified taxpayers free, online federal and state tax filing through Indiana Freefile (INfreefile).
- On THE MOVE: Feb. 16, 2013
Heart group names fit-friendly companies
The American Heart Association has recognized 47 Indiana companies as “Fit-Friendly Companies” for promoting physical activity and health in the workplace, including 22 recognized for the first time. Nationally, the association recognized 1,802 companies during this application cycle.
Education Ministries to host Lunch with Lawyer
Senior Education Ministries, Inc., is hosting a Lunch with a Lawyer event with featured speaker Lakshmi (Lucky) Reddy on Monday.
Confidential expands shredding services to Terre Haute
Confidential On-Site Paper Shredding, a subsidiary of Midwest Fiber Recycling, has announced that it will expand into Terre Haute.
- More Business Headlines
- US employers add 175K jobs despite harsh weather