July 23, 2014 at 2:10 p.m.
FNB changes name (01/27/07)
Business roundup
Several banks - including one in Portland - are changing their names to First Merchants Bank.
First National Bank of Portland, United Communities National Bank, Frances Slocum Bank and Trust Company and Decatur Bank and Trust are joining with parent First Merchants to form the largest bank holding company in central Indiana.
Former Portland resident Jim Meinerding will be president the newly combined First Merchants Bank. Meingerding has been president and CEO of United Communities National Bank. Bob Bell, president and CEO of First National Bank, will serve as regional president of the Jay County market.
State of city, county
City and county leaders will speak about the state of the city and county on Tuesday.
Bruce Hosier, mayor of Portland, and Jay County Commissioners president Milo Miller Jr. will be the guest speakers at the Portland Area Chamber of Commerce luncheon. The event will be held at noon in Jay County Hospital conference rooms A and B, 500 W. Votaw St., Portland.
Cost of the luncheon is $8.
Natives accept
partnerships
Two Pennville natives and employees of Edward Jones of Montpelier have accepted limited partnerships.
Dick Paxson joined the firm in 1998 and Sue Ann McLaughlin in 2000.
"I am honored to be offered this limited partnership. It is a privilege to become part owner of the firm that is so well known and well respected throughout the financial-services industry," Paxson said in a press release this week.
McLaughlin said she also was honored to be offered the partnership. "I've always enjoyed my job - it's both challenging and rewarding - but being invited to become an owner in the company is really exciting," she also said in a press release.
Best business
Swiss Village Retirement Community recently was named business of the year by the Berne Chamber of Commerce.
Swiss Village was given a plaque of recognition during the annual chamber dinner. The business opened in 1968 and offers a variety of living accommodations for senior citizens. The company employs 325 and houses 350 residents.
"Being selected (2006) Business of the Year is an honor that we humbly accept knowing that there would be other worthy organizations deserving of the same recognition," Daryl Martin, Swiss Village executive director, said in a press release.
Hospital to grow
An estimated $3 million in improvements are planned for Mercer County Community Hospital, Coldwater, Ohio.
Members of the Mercer Health Board of Trustees gave the green light last week to enhance several areas of the hospital. Construction is expected to begin later this year.
Hospital officials hope to add 10,000-square feet near the emergency department. This includes creating a new emergency department and an outpatient services area.
A new MRI diagnostic suite also will be created to replace a mobile unit.
Welcomed to circle
An employee of a Berne business has been honored by being selected to join the Woodbury Financial Services' Eagle's Circle. Randall Kistler, a financial professional with Woodbury of Berne, has more than 12 years of experience in the financial services industry.
"What differentiates an Eagle's Circle member from other financial professionals," Brian Murphy, president and chief executive officer of Woodbury Financial Services, said in a recent press release, "is the energy and devotion with which they work to help meet the financial goals of their clients."
New dealership
The owners of a St. Marys, Ohio, business have expanded to Celina, Ohio.
Bud and Patty Schoenleben have opened Bud's Chrysler Dodge Jeep in Celina. The dealership has room to sell 300 new and used vehicles. It also offers service, parts and a pro shop.
The couple also owns St. Marys General Motors.
Acquires company
Blackford Community Hospital has acquired a physical therapy and rehabilitation services business.
Thera-Plus has joined the hospital, allowing rehabilitation patients to receive a wider variety of services in one location. Hospital employees plan to merge the operations with the outpatient services provided under Midwest HealthStrategies.
Eventually patients working with a therapist at the Thera-Plus location will transfer, along with the staff to the BCH facility at the Blackford County YMCA.
Dividend increases
Old National Bancorp's quarterly cash dividend has increased by 4.8 percent.
The dividend is 22 cents per share, up from the 21 cents paid to shareholders in 2006. The dividend is payable March 15.
There is an Old National Bank in Portland.
Paying overtime
Wal-Mart Stores Inc. will pay thousands of employees $33 million in wages after turning itself in to the Labor Department.
The company paid too little overtime. The labor department's review also discovered that about 215,000 hourly workers have been overpaid in the last five years, The Wall Street Journal reported this week.[[In-content Ad]]
First National Bank of Portland, United Communities National Bank, Frances Slocum Bank and Trust Company and Decatur Bank and Trust are joining with parent First Merchants to form the largest bank holding company in central Indiana.
Former Portland resident Jim Meinerding will be president the newly combined First Merchants Bank. Meingerding has been president and CEO of United Communities National Bank. Bob Bell, president and CEO of First National Bank, will serve as regional president of the Jay County market.
State of city, county
City and county leaders will speak about the state of the city and county on Tuesday.
Bruce Hosier, mayor of Portland, and Jay County Commissioners president Milo Miller Jr. will be the guest speakers at the Portland Area Chamber of Commerce luncheon. The event will be held at noon in Jay County Hospital conference rooms A and B, 500 W. Votaw St., Portland.
Cost of the luncheon is $8.
Natives accept
partnerships
Two Pennville natives and employees of Edward Jones of Montpelier have accepted limited partnerships.
Dick Paxson joined the firm in 1998 and Sue Ann McLaughlin in 2000.
"I am honored to be offered this limited partnership. It is a privilege to become part owner of the firm that is so well known and well respected throughout the financial-services industry," Paxson said in a press release this week.
McLaughlin said she also was honored to be offered the partnership. "I've always enjoyed my job - it's both challenging and rewarding - but being invited to become an owner in the company is really exciting," she also said in a press release.
Best business
Swiss Village Retirement Community recently was named business of the year by the Berne Chamber of Commerce.
Swiss Village was given a plaque of recognition during the annual chamber dinner. The business opened in 1968 and offers a variety of living accommodations for senior citizens. The company employs 325 and houses 350 residents.
"Being selected (2006) Business of the Year is an honor that we humbly accept knowing that there would be other worthy organizations deserving of the same recognition," Daryl Martin, Swiss Village executive director, said in a press release.
Hospital to grow
An estimated $3 million in improvements are planned for Mercer County Community Hospital, Coldwater, Ohio.
Members of the Mercer Health Board of Trustees gave the green light last week to enhance several areas of the hospital. Construction is expected to begin later this year.
Hospital officials hope to add 10,000-square feet near the emergency department. This includes creating a new emergency department and an outpatient services area.
A new MRI diagnostic suite also will be created to replace a mobile unit.
Welcomed to circle
An employee of a Berne business has been honored by being selected to join the Woodbury Financial Services' Eagle's Circle. Randall Kistler, a financial professional with Woodbury of Berne, has more than 12 years of experience in the financial services industry.
"What differentiates an Eagle's Circle member from other financial professionals," Brian Murphy, president and chief executive officer of Woodbury Financial Services, said in a recent press release, "is the energy and devotion with which they work to help meet the financial goals of their clients."
New dealership
The owners of a St. Marys, Ohio, business have expanded to Celina, Ohio.
Bud and Patty Schoenleben have opened Bud's Chrysler Dodge Jeep in Celina. The dealership has room to sell 300 new and used vehicles. It also offers service, parts and a pro shop.
The couple also owns St. Marys General Motors.
Acquires company
Blackford Community Hospital has acquired a physical therapy and rehabilitation services business.
Thera-Plus has joined the hospital, allowing rehabilitation patients to receive a wider variety of services in one location. Hospital employees plan to merge the operations with the outpatient services provided under Midwest HealthStrategies.
Eventually patients working with a therapist at the Thera-Plus location will transfer, along with the staff to the BCH facility at the Blackford County YMCA.
Dividend increases
Old National Bancorp's quarterly cash dividend has increased by 4.8 percent.
The dividend is 22 cents per share, up from the 21 cents paid to shareholders in 2006. The dividend is payable March 15.
There is an Old National Bank in Portland.
Paying overtime
Wal-Mart Stores Inc. will pay thousands of employees $33 million in wages after turning itself in to the Labor Department.
The company paid too little overtime. The labor department's review also discovered that about 215,000 hourly workers have been overpaid in the last five years, The Wall Street Journal reported this week.[[In-content Ad]]
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