News From Terre Haute, Indiana

January 11, 2014

BUSINESS BRIEFS: Jan. 12, 2014


---- — 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

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.