Bank sues former Carmel staffers who left for rival
Busey Bank says it has lost more than $100 million in loans to a competitor because of “brazen and systematic poaching” of its employees.
Susan Orr
Articles
Panelists: Companies can make supply chains more resilient to disruption
Companies that map their supply chains can gain insights into where its various tiers of suppliers are located, the relative importance of each supplier and other critical data points, industry experts said at an IBJ event Friday.
Ohio-based CFBank entering Indianapolis market
Indianapolis is the first non-Ohio market and the fourth market overall, for CFBank. The company has hired a market president and is currently scouting for office space.
Instant-delivery firm GoPuff quietly expanding roster of Indy fulfillment centers
Philadelphia-based GoPuff, a fast-growing company that entered the Indianapolis market in 2018, currently operates three micro-fulfillment centers here and plans to open two more.
Owner of Carmel’s Clay Terrace files for bankruptcy
Washington Prime Group, which filed for bankruptcy Sunday, said it may end up selling some or all of its properties as part of its restructuring. The company also owns several other local retail centers.
Herff Jones data breach triggers lawsuits from graduation-gear customers
The company disclosed on its website May 12 what it described as a “cyber security incident” that resulted in the “theft of certain customers’ payment information.”
Q&A with Kelley Niiyama, owner of a cat cafe
Niiyama, 51, and her husband, Hidetaka, have five cats at home. They also own Nine Lives Cat Café in Fountain Square—a coffee shop with an adjacent lounge where patrons pay to interact with adoptable cats.
Korean auto supplier plans to expand local presence with Franklin facility
Daechang, which makes seating components for Kia, Hyundai and Subaru, established its North American headquarters in Indianapolis in 2017. The Franklin facility would be its second local site.
Artisan marketplace at 16 Tech adds tenants, amps up for grand opening
About half of the 20 vendors so far are already open at The AMP, which has its grand opening later this month. The AMP, a food-and-drink-based artisan marketplace, is on the campus of 16 Tech on the western edge of downtown.
Musk restaurant group reverses course, plans to reopen Next Door Eatery in SoBro
When Next Door American Eatery on College Avenue closed in March 2020, co-owner Kimbal Musk said the closure would be permanent. But the company now says that a transformed version of the restaurant will reopen at the same location this summer.
Hillenbrand CEO set to retire at end of year
Joe Raver, Hillenbrand Inc.’s president and CEO since 2013, will be succeeded by Kimberly Ryan, who has been with the company for more than 30 years.
Indiana Members Credit Union adds Bloomington-based credit union
Indianapolis-based Indiana Members Credit Union will add 2,231 members, two offices and $17 million in assets by adding Members Choice Federal Credit Union through a merger.
Old National Bank merging with Chicago-based bank to create $45B firm
The deal is the largest to date by far for Old National, which has grown dramatically over the past decade through a series of acquisitions.
2021 Innovation Issue: Supply chains remain a challenge across industries
Even as U.S. COVID-19 cases have declined, supply-chain problems have persisted. For a variety of reasons—from shifts in consumer behavior to a plummet in available airline flights to congestion at ocean ports—the pandemic has scrambled everything across a wide swath of industries.
Garage Food Hall adds to tenant roster, plans room for more
The Garage Food Hall, part of the $300 million Bottleworks development on Mass Ave, has 17 tenants, with two more opening next month. The hall expects to create even more tenant space once pandemic restrictions end.
Restaurants eating up federal COVID relief
As the pandemic subsides, local eateries are hopeful that a new coronavirus relief program, the Restaurant Revitalization Fund, will help them emerge intact.
Simon raises financial outlook for 2021 after solid first quarter
The Indianapolis-based mall operator said it’s seeing good early results from J.C. Penney, which Simon and a group of co-investors purchased out of bankruptcy in December.
Punch Bowl Social to reopen downtown location next week
The 23,000-square-foot restaurant-and-entertainment venue, part of a Denver-based chain, has been closed since March 2020, eliminating 91 jobs.
Southwest adding nonstop Florida flights to Miami, Panama City Beach
The news of the new flights comes as the airline industry sees a rebound in passenger traffic from the pandemic, which decimated air travel last year.
Bates-Hendricks seeing flurry of commercial development
The neighborhood just south of downtown has been one of the city’s emerging residential hot spots the past several years—and commercial developers are taking notice.