The Federal Reserve Board has selected Christopher Murphy to serve as a member of the 2018 Community Depository Institutions Advisory Council in Washington, D.C. The CDIAC advises the Federal Reserve Board on local economic conditions, the impact of regulations and the Federal Reserve’s operational services and oversight of community depository institutions. Murphy just completed a three-year term on the Federal Reserve Board of Chicago’s CDIAC and was reappointed to an additional term to serve as the council’s chairman.
He is chairman and chief executive officer at 1st Source Bank. Murphy has served as a board member of 1st Source for more than 45 years and was named president and CEO of the Bank in 1977, CEO of the corporation in 1979 and chairman in 1998. He received a B.A. in Government from the University of Notre Dame, a Juris Doctor from the University of Virginia Law School and an M.B.A. (with Distinction) from Harvard University Business School.
Council members are selected from representatives of commercial banks, thrift institutions, and credit unions serving on local advisory councils at each of the 12 Federal Reserve Banks. The chair of each council then represents that Federal Reserve District in Washington.
By Brian Harris Executive Creative Director, Bradley and Montgomery
It may sound like a marketer’s dream scenario: efforts have proven to be so successful it appears a company has completely saturated their target audience. While it may be a good problem to have, it still may be a problem. Hitting a marketing plateau is an opportunity for companies in any industry to reevaluate, re-energize and come to the table with new ideas for better understanding existing customers and engaging new audiences.
The state of Indiana has announced plans for what it says is a first-of-its-kind 5G hub. Launching in October, the Indiana 5G Zone aims to "attract business, foster innovation and propel research and development in 5G-enabled advanced technologies." The hub will be located inside the new downtown Indianapolis headquarters of the nonprofit Eleven Fifty Academy. The Indiana 5G Zone will include a 3,000-square-foot research lab, which will be used to develop and test...
Ethanol production at an Indiana biofuels plant will be stopped and the owner blames Environmental Protection Agency policies and the oil refining industry. South Dakota-based POET Energy announced the plant in Cloverdale will be placed in “idle production” within several weeks, though no date has been set. The ethanol producer says 100’s of local jobs will be impacted, but the news release did not specifically mention “layoffs” at this point.
The Michigan City Common Council has formally committed to contribute $12 million towards the proposed $416 million Double Track project for the South Shore commuter line. Our partners at The Times of Northwest Indiana report the council voted unanimously to pay $7 million upfront and finance the remaining $5 million through a 20-year bond issue.
Fort Wayne just opened its brand new riverfront Promenade Park to pomp and pageantry, hoping to make it a draw to Indiana’s second largest city. But now the Allen County community has something else to celebrate. The editors of Realtor.com declared Fort Wayne as the hottest real estate market in July for the entire country.
Wednesday was National Senior Citizen Day and three seniors are being celebrated for their contributions at a coworking space in Hancock County. Idea Co-op, which officially opened its doors earlier this year, has taken on three "senior interns" following a chance encounter at a local Kiwanis meeting in December. Jill Snyder, director of economic and business development for Idea Co-op operator NineStar Connect, says the men approached her with the goal of being involved in...