German American Bank Planning Operations Center

Posted: Updated:
(Image courtesy of German American Bancorp) (Image courtesy of German American Bancorp)
JASPER -

Jasper-based German American Bancorp Inc. (Nasdaq: GABC) has unveiled plans for a $6 million operations center on the south side of the Dubois County city. The Dubois County Free Press reports the 40,000 square-foot facility would initially create a small number of jobs. 

The facility, which would have space for up to 150 employees, could break ground in August and be complete next spring. GAB Chief Commercial Banking Officer Neil Dauby tells the Dubois County Free Press the expansion is necessary due to the job growth created through the bank's acquisition of Madison-based River Valley Bancorp.

"What is going to be moving out there are our back office operations," said Dauby. "We will have loan operations, deposit operations, items processing, our contact center will be out there, so there is going to be a multitude of all of the types of support for our customer-facing people that are out in our branches."

The bank says the facility will help alleviate crowding at its current facilities on Main Street in Jasper. If approved, the operations center will initially house nearly 100 employees who will move there, plus create four additional jobs. German American's executive team will remain in the Main Street offices.

The Jasper Economic Development Commission is recommending a nine-year tax abatement for the proposed project. The Jasper Common Council is set to consider the recommendation at its meeting Wednesday.

  • Perspectives

    • Making Numbers Work Harder For You

      Sencha CEO Art Landro believes the world has created more data in the last two years than in the preceding 5,000, and that we'll probably create even more than that before this year ends. In every aspect of our lives, we're absolutely drowning in data.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Springbuk Plans 'Momentous Announcement'

      Indianapolis-based Springbuk is planning what it calls a "momentous announcement." Indianapolis Mayor Joe Hogsett will join the employer health data company for Monday afternoon's announcement at the Union 525 building downtown. Springbuk is headquartered at the downtown tech hub. Last summer, the company said its customer base had grown to 900, leading it to add about 10 employees.

    • IU Effort Sets Sights on Orange County

      Indiana University's Center for Rural Engagement will partner with Orange County for its second Sustaining Hoosier Communities project. Through the collaboration, more than 500 students in 15 courses will take part in work on economic, health and quality of life projects in the southwest central Indiana county throughout the academic year. Planned efforts include a community wellness initiative, an incubator kitchen and a youth artisan apprenticeship program.

    • Methodist Sports Medicine Acquires Bloomington Clinic

      Indianapolis-based Methodist Sports Medicine is adding to its portfolio. The company has acquired Bloomington Bone & Joint Clinic, though financial details were not disclosed. The two companies will officially merge to become Methodist Sports Medicine Bloomington in April.

    • Indy as Amazon 'HQ2' Finalist a 'Powerful Statement'

      The chief executive officer of the state's technology growth initiative is comparing efforts to land Indianapolis a planned, $5 billion Amazon.com Inc. (Nasdaq: AMZN) headquarters to the city's 2012 Super Bowl bid. TechPoint's Mike Langellier says Indy's inclusion on a list of 20 finalists makes a "powerful statement" to other companies looking for prime locations. Langellier said the city meshes with what Amazon is seeking in areas including...

    • New Nonstops For South Bend, Fort Wayne

      New nonstop flights are coming this summer to South Bend and Fort Wayne. American Airlines to restart operations at South Bend International Airport with twice-daily flights to Dallas/Fort Worth International Airport and Charlotte Douglas International Airport. The airline is also adding daily nonstop service between Fort Wayne International Airport and Philadelphia International Airport.