July 23, 2014 at 2:10 p.m.

Vannatter to lead operations at XPLEX (10/22/05)

Business news

Ryan Vannatter will join XPLEX Extreme Competition Park on Nov. 1 as chief operating officer.

Vannatter, who has been assistant vice president of Old National Bank, has headed up Old Nationals’ Portland branch for several years.

“I think Jay County’s sitting on an opportunity they’ve never had before,” Vannatter said of his decision to join XPLEX. “The opportunities are endless....We’re creating a venue that’s never been created anywhere else in the world.”

XPLEX, launched this spring by Glynn and Julie Barber, has hosted events ranging from rock crawling to motorcycle motocross to paintball competitions. An oval dirt track is under construction, and a series of winged sprint car races has been announced for 2006.

Vannatter, Albany, received his bachelor’s degree in accounting from Ball State University in 1997. He’s vice president of the Portland Area Chamber of Commerce and is a member of the board of directors of the Jay Community Center.

Old National spokesmen said the banking company is working to assure a smooth transition after Vannatter’s departure. Andrew Morehouse has been promoted to lead Community Development in Portland and focus on meeting customers' personal financial needs. Morehouse joined Old National in 2000 and has experience in all retail areas.

Also, Marc Edwards, vice president of commercial lending is transferring from the Union City Banking Center to the Portland Banking Center to continue building relationships with the business community.

Edwards has 24 years of banking and client service experience.

A customer service representative will be added to the Portland team.

Small biz blitz

United Way of Jay County will hold a Small Business Blitz and a direct mail campaign this week.

The blitz will be held from 9 a.m. to 5 p.m. on Tuesday for Salamonia, Bryant, and Pennville; Wednesday for Portland; and Thursday for Redkey and Dunkirk.

Volunteers will be in the communities, visiting small businesses and picking up employee and business contributions or pledges.

Small businesses which have received information through the mail from the United Way, will be contacted.

The blitz enables local businesses to give a tax-deductible donation to the United Way, promote community goodwill and receive free advertising. Participating businesses will be announced on the radio, and will be listed in a newspaper advertisement.

For more information, call (260) 726-7010.

Drop Zone in Dunkirk

A Dunkirk car dealership is participating in this year’s Operation Gratitude, a holiday donation drive for American troops overseas.

Fuqua Chrysler-Plymouth Inc. of Dunkirk is one of 2,800 Jeep dealerships which is participating. Jeep has a partnership with Operation Gratitude.

Operation Gratitude is a national non-profit organization which collects comfort items and letters of appreciation from the public and sends them to troops overseas.

Donations such as snacks, compact discs and DVDs may be dropped off at Fuqua, 127 E. Commerce St., Dunkirk. For a complete list of needed items, visit www.jeep.com or www.operationgratitude.com.

Meeting rescheduled

The Friday, Oct. 28, meeting of the Employer-Incumbent Worker Council of the East Central Indiana Workforce Investment Board has been rescheduled.

The meeting will take place Friday, Nov. 11, from 7:30 to 9 a.m. at Ivy Tech Community College of Indiana, 4301 South Cowan Road, Muncie, room 531.

Contact Barbara Street with agenda items no later than 9 a.m. on Wednesday, Nov. 2, by calling (765) 741-5863 or (800) 483-2742, ext. 101.

Inform Stephanie Goodman of your attendance plans by Wednesday, Nov. 9, by calling (765) 741-5863 or (800) 483-2742, ext. 116.

After Hours set

The next Portland Area Chamber of Commerce Business After Hours will be held Wednesday, Nov. 9.

The event will be held from 5 to 6:30 p.m. at Jay Garment Antique Mall, 500 S. Meridian St., Portland. There will be food and drinks.

Ownership guidelines set

The compensation and management development committee of the Old National Bancorp board of directors recently voted to establish stock ownership guidelines for top executives and directors.

Committee members also voted on Oct. 17 to approve the vesting of all outstanding unvested stock options. The funds will be used to purchase common stock of Old National Bancorp.

“We believe both of these actions to be in the best long-term interest of our company and its shareholders,” board chairman Larry Dunigan said in a press release. “The ownership guidelines are consistent with today’s emphasis on higher standards of corporate governance and will further enhance the alignment of executive management and shareholder interests. It shows commitment on the part of management and directors and follows in line with our strategic imperatives of enhancing management discipline and achieving consistent quality earnings.”

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