Greensburg-based MainSource Financial Group (Nasdaq: MSFG) is reporting full-year net income of $38.3 million in 2016, up from $35.5 million the previous year. The MainSource Board of Directors has also appointed Kathleen Bardwell lead director.
The parent of MainSource Bank is also reporting fourth quarter net income of $11.7 million, up from $9.1 million during the same period in 2015. Chief Executive Officer Archie Brown says the bank's organic loan growth combined with the successful integration of the $100 million acquisition of Cincinnati-based Cheviot Financial Corp. contributed to the positive results.
Brown says the previously-announced agreement to acquire Louisville-based FCB Bancorp Inc. will add to the bank's success.
"This acquisition strengthens our presence in the Louisville MSA by adding seven branch offices with approximately $400 million in deposits and positions us with a top ten market share. We have begun the work with FCB employees to ensure a successful merger which we anticipate will occur in the second quarter of 2017."
Kathleen Bardwell succeeds Charles Thayer as lead director for the MainSource board. Thayer, who has served on the board since 2011, will retire in May.
I spend a lot of time talking with people about what makes writing good. Depending on who you ask, good writing might be exciting and illustrative. It might be simple and efficient. If you ask someone who works in marketing, good writing translates to whatever helps a marketing strategy generate more leads, or more sales, or more of whatever a business is looking to gain. Though I fully respect and agree with this results-oriented perspective on content, in practice it can be...
The American Honda Motor Co. continues to invest in its Greensburg, Indiana plant as it has announced the factory will be producing the company’s first electrified sport utility vehicle in the U.S. The company says it will invest more than $4 million and add 34 new jobs in the plant to support production of the CR-V Hybrid.
A one-time mansion that once hosted dignitaries and politicians while they visited Valparaiso appears to be facing demolition, following years of decline and disrepair. The stately mansion, known locally as the Brown home, maybe knocked down and replaced with condominiums, according to our partners at The Times of Northwest Indiana.
Indianapolis-based Powderkeg has unveiled the winners of the inaugural Indiana Breakout Tech Culture Awards. Eleven Hoosier tech companies received the honors based on survey rankings from the 2019 Tech Census, which focused specifically on tech cultures. Nearly 270 tech companies were nominated and the winners were selected from a group of 50 finalists. More than 1,300 individuals responded to the survey, which allowed employees to rate their companies and employers on...
Purdue University has partnered with trademark licensing agent CLC to produce a special-edition replica Purdue shirt that appeared on an episode of Netflix’s “Stranger Things 3.” The university also teamed up with Venley to accurately replicate the shirt, which will be available at retailers on the West Lafayette campus and online later this month.
The president of Ball State University says he is optimistic about the growth trajectory for the school and the Muncie community at large. Ball State recently set a new record for total enrollment with more than 22,000 students, including its largest-ever freshman class. The university is also continuing with several major capital projects, including the more than $87 million Foundational Sciences building, which broke ground earlier this month. In an interview in Studio (i) with...