IBJ Staff
Articles
Old National to acquire Fort Wayne’s top local bank
Old National Bancorp, the largest financial services company headquartered in Indiana, has agreed to buy Fort Wayne-based Tower Financial Corp. for about $107.7 million, the companies announced Tuesday.
Hurco profit plummets on lower revenue
Sales for the Indianapolis-based manufacturer decreased across all regions during the quarter, including in its biggest market, Europe, where they fell 11 percent.
Whitsett changes name; Milhaus launches division
The Whitsett Group LLC has changed its name to TWG Development LLC, and Milhaus has created a division to manage properties it develops.
Wealth coach disciplined
The Indiana Securities Division has summarily revoked the investment adviser registrations of William R. Muench and his Greenwood-based Aperio Wealth Management. The division alleges that Muench did not answer the door when division personnel arrived at his office last July for a routine compliance investigation. It also alleges Muench filed inaccurate information concerning his address. […]
EDITORIAL: Corporations, flex your muscles
Indianapolis needs to stage a Super Bowl encore performance.
Local auto services firm plans to add 20 jobs
Express Motor Vehicle Administration Corp., a provider of managed services for auto dealers, insurance companies, corporations and financial institutions, said it will create the jobs by 2015 as part of a $700,000 expansion.
Greenwood biotech firm’s assets to hit auction block
The remnants of ill-fated Elona Biotechnologies Inc. will be auctioned on Sept. 27, presenting a rare turnkey opportunity for entrepreneurs interested in jumping into the life sciences industry.
Hauke fraud victims to get $1M in initial restitution
Former money manager Keenan Hauke was sentenced in July 2012 to 10 years in federal prison after pleading guilty to running a Ponzi scheme that defrauded 67 investors of $7.1 million. Even more victims have emerged since the sentencing.
Local manufacturer to be acquired for $41 million
United Kingdom-based Meggitt PLC plans to acquire Piezotech LLC, a manufacturer founded in Indianapolis in 1967, for $41.2 million, the companies announced Wednesday.
PROXY CORNER: Allison Transmission Holdings Inc.
Allison Transmission Holdings Inc. designs and manufactures commercial and military fully automatic transmissions and hybrid-propulsion systems for transit buses. The company also sells replacement parts, support equipment and other service products.
Health firm plans move to Carmel, adding 675 jobs
American Specialty Health, a California-based provider of wellness programs, plans to lease about 90,000 square feet of office space in Carmel and open its new headquarters next June.
EDITORIAL: Find a long-term fix
Mayor Ballard’s support for the $6 million World Sports Park on the far-east side has become a rallying point for critics of his spending priorities. They say the money would be better spent chipping away at the city’s huge infrastructure needs. We think they’re missing the point on a couple of fronts.
Wynkoop is top-selling local real estate agent
Scott Wynkoop placed first for a second year in a row in IBJ’s annual list of All-Star Agents. Wynkoop sold $56.9 million worth of homes in 2011 and 2012, up from the $45.7 million he sold in 2010 and 2011.
SEC charges Noblesville man in $6M investment scheme
John K. Marcum, 49, portrayed himself as a trader and asset manager to raise more than $6 million from at least 37 investors in six states through his company, Guaranty Reserves Trust, the SEC alleges.