First Farmers Financial Corp. reports earnings of $6.13 million
First Farmers Financial Corp. has released its June 30 report of financial performance.
The company reported record earnings of $6.13 million for the six months ended June 30, an increase of 18.1 percent over the same period in 2011. The company’s return on average assets was 1.24 percent for the first half of 2012 while return on average equity was 15.49 percent. As of June 30, total equity surpassed $80 million, an increase of 14.3 percent from June 30, 2011, while total assets increased to $1.1 billion reflecting the successful acquisition of First Citizens of Paris (Ill.), former holding company of Citizens National Bank, completed May 1. Earnings per share for the company for the first six months of the year were $3.46 with dividends paid of $0.68 for the same period.
First Farmers Financial Corp. is the holding company of First Farmers Bank & Trust-Co., a $1.1 billion asset bank based in Converse operating 24 banking locations in Indiana and Illinois.
CoWorx Staffing Services opens
location in Terre Haute
CoWorx Staffing Services has opened a new branch at 2800 Poplar Street in Terre Haute.
CoWorx has been providing staffing services since 1974 through its branch offices located throughout the United States. CoWorx provides complete workforce management solutions from temporary labor to strategic workforce partnerships.
“We are excited to be a part of Vigo County’s business community and look forward to developing strong partnerships within the county,” said Michael Epstein, CoWorx’ CEO. “This new office is part of our multi-stage plan to expand in key locations throughout the United States.”
The CoWorx Terre Haute office is in the lower level of the Meadows Shopping Center and will be headed by Stefani Lintzenich, who will serve as the operations manager.
A grand opening ceremony is planned for 11:30 a.m. Tuesday to include a special ribbon cutting ceremony with the Terre Haute Chamber of Commerce and an appearance from Mayor Duke Bennett.
‘Power of Diversity’ workshop
coming up at Vigo library
The Indiana Civil Rights Commission’s “The Power of Diversity-Fair Housing” workshop is scheduled for Aug. 17 at the Vigo County Public Library at One Library Square.
The schedule of events is as follows:
• 8:15-8:45 a.m. — registration and continental breakfast
• 8:55 a.m. — welcome and opening remarks
• 9-10 a.m. — Fair Housing Overview (1.0 CEU Credits); instructor Joshua Brewster — deputy director and chief legal counsel Indiana Civil Rights Commission — this session will include a general overview of the Fair Housing Act (Title VIII of the Civil Rights Act of 1968); and Fair Housing Amendments Act. This overview will include the historical context of legislation, discriminatory acts and penalties. This will include theories of discrimination, items of specific prohibition and definitions and exemptions.
• 10-10:45 a.m. — Expanding Fair Housing-Part I (2.0 CEU Credits); instructor Merilyn D. Brown — attorney adviser, Office of Fair Housing and Equal Employment U.S. Department of Housing and Urban Development
• 10:45-11 a.m. — break
• 11-12:15 p.m. — expanding Fair Housing-Part II — This segment of the training will give an in-depth look at the Fair Housing Administration’s obligation to due process as it relates to providing fair housing options to diverse populations. It will also include the enforcement process and recent legal updates.
• 12:15-12:30 p.m. — closing remarks and workshop wrap-up
Sessions will repeat in the afternoon from 2-5 p.m.
Social Security: Changes on the horizon for Social Security
A new year is a time for change. People across the world make resolutions and set goals to better themselves and the world around them. Whether you want to shed a few pounds, secure your finances for retirement, devote more time to charity or go on a vacation you’ve always dreamed about, chances are you have some ideas for a fresh start in 2014.
Business Cents: So does your advertising plan pass the sniff test?
Having been a business consultant for more than a decade now, there are some things that never fail to catch my attention, one of which is negative advertising.
Chamber of Commerce: Time to give a nod to local businesses
Are you familiar with a business deserving of recognition for achievements in 2013? Has it excelled in terms of business growth, implementation of green policies, creating a healthy workplace for its employees or overall business success? Maybe you are the owner of a company that meets these criteria? If so, consider completing a nomination for the Terre Haute Chamber of Commerce’s 2013 Business Recognition Award.
On the move: March 9, 2014
Stacey Joseph, broker associate with Remax Real Estate Associates in Terre Haute, was recently recognized by Remax of Indiana at the 2013 Awards Celebration at the JW Marriott in Indianapolis.
- Newsmakers: March 9, 2014
Milestone: March 9, 2014
On Wednesday Vermillion County Sheriff’s Department employee Robert (Pete) Jackson was recognized for 30 years of service.
Refrigerator recycling incentive increased to $50
Duke Energy customers who recycle outdated refrigerators or freezers will now receive a $50 incentive through the Duke Energy appliance recycling program.
Next Lunch with a Lawyer educational event set
Lunch with a Lawyer will feature attorney John Klotz from 11:30 a.m. to 1 p.m. March 17 at Wabash Senior Activity Center, 300 S. Fifth St.
Restaurant cuts ribbon for opening in Marshall
Country Kitchen celebrated its grand opening Friday with a Marshall Chamber of Commerce ribbon-cutting ceremony at the restaurant’s location at 710 Archer Ave., in Marshall, Ill.
Indiana startup launches social music player at SXSW
Caktus Music Inc. has announced the release of Caktus, the first true social music player, for iPhone.
Free tax preparation for low-income residents
Stadler & Company Tax Service is offering free tax preparation March 20-21 to low-income individuals and families in Wabash Valley.
Greater Clinton Chamber to meet at Dairy Queen
The Greater Clinton Chamber’s monthly luncheon is scheduled for noon Tuesday at Dairy Queen in Clinton.
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.
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- Social Security: Changes on the horizon for Social Security