Red Gold event aids Second Harvest

Red Gold announced this week its Run to Crush Hunger has raised $32,898.45 this year for area charities.
For the third consecutive year, the run in downtown Elwood raised funds for The Morrisett Center, Second Harvest Food Bank and Habitat for Humanity.
More than 700 runners from 81 different communities and five states took part in the event.
“We were so pleased at the turnout for the event and the amount of funds that were raised to support feeding hungry people in Indiana,” said Tim Kean, president and chief executive officer of Second Harvest Food Bank. “It generated over 120,000 meals to help people who are struggling to feed their families.”
The event included the 29th annual Red Gold Chili Cook-Off, a Colts Blue event and the first Indiana Craft Beer and Wine Garden.
The family-owned company plans to continue to hold the event the second Saturday of each October.
“Red Gold is extremely proud to host an event with such an important cause,” said Colt Reichart, fourth generation owner of Red Gold.

Two more offered
East Central Indiana Small Business Development Center will offer two more “Launching Your Own Business” in November.
Scott Underwood will present a workshop scheduled at 6 to 9 p.m. on Nov. 9 at the Richmond Innovation Center, 814 E. Main St., Richmond.
Tom Steiner will present a workshop at 9 a.m. to noon on Nov. 13 at the Anderson City Building, 120 E. 8th St., Anderson.
For a fee of $25, participants will learn how to identify objectives, describe a business idea, develop a sales forecast and estimate an operating budget.
For more information, call (765) 282-9950 or visit www.isbdc.org.

Old National’s
third quarter
Old National Bancorp reported third quarter net income of $29.1 million, which represents a 21.7 percent increase over the third quarter in 2013.
The earnings include $3.6 million of pre-tax merger and integration expenses, and a $19.1 million pre-tax unfavorable change in indemnification asset.
Credit quality and capital levels remained strong in the third quarter and United Bancorp Inc. acquisition was completed.

More Bluffton jobs
Fifty to 60 new jobs could be added at Bluffton Motor Works thanks to a new line of swimming pool motors.
The company announced plans this week to launch the AmeriBlue brand at the International Pool Spa Patio Expo in Florida.
Bluffton Motor works was spun off by Franklin Electric Company. It reported sales of more than $60 million last year, and the new line is expected to increase revenue by 20 to 25 percent over the next few years.

Earnings up
First Financial Bancorp, which has a branch in Fort Recovery, reported third quarter earnings this week of $15.3 million, up 3 percent from $14.9 million during the same period of 2013.
The company, based in Cincinnati, moved into the Allen County market last year, hiring about 10 percent of the workforce of Tower Bank, which was being acquired by Old National Bancorp.

Not interested
The Irish Times reported this week that Dublin, Ireland, financier Paul Coulson, who heads Ardagh, the international corporation that has glass container plants in Dunkirk and Winchester, is apparently not interested in acquiring the former Quinn Glass, an Irish and English glass manufacturer.
Quinn Glass, now called Aventas, is said to have some of the best glassmaking plants in Europe and has annual revenues of more than 300 million Euros.