Articles

Banks building new branches despite online age

Bank transaction counts—the number of people going into banks to make a deposit, cash a check or
conduct some other form of business—have declined in recent years with the increased popularity
of direct deposit, online banking and easy ATM accessibility. So why add branches?

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Conseco reinsurance deal swaps profits for cash

Carmel-based Conseco Inc., still a bit strapped for cash, brought in a reinsurance company to shoulder some of the risk
of its life insurance policies. Minnesota-based Wilton Reassurance Co. will pay $57.5 million to Conseco as a ceding
commission to co-insure and administer 104,000 policies held by Conseco subsidiaries.

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Greater Indianapolis YMCA has $30M in projects planned

It takes a map of the entire metro area to show all the projects the YMCA of Greater Indianapolis has on its drawing board.
The $30 million plan calls for building two brand-new facilities, one in Avon and one in Pike Township; expanding
the Fishers YMCA; and building a new outdoor pool in Lawrence.

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Westfield mayor hopes $60M stadium project will transform city

Westfield Mayor Andy Cook is proposing a $60 million youth sports complex with a 4,000-seat multipurpose outdoor
stadium, indoor sports facilities and sports fields with the goal of establishing the Hamilton County community as the "Family Sports Capital
of America."

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Liquor store adapts to local tastes

When Mr. G’s Liquor opened in 1977, the wines du jour were Madera and Blue Nun. Bartels & Jaymes wine coolers were all the
rage, and few of us had heard of craft beer. Today, Mr. G’s is in its third location, where a 36-foot wall of whiskeys, vodkas
and gins is rivaled only by the kiosks fully laden with local, domestic and imported wines and beers chilling in coolers.

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Westfield plans $60M youth-sports complex

The mayor of Westfield announced plans this morning to build a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities, and fields for baseball, soccer, softball and lacrosse. The sports facilities would anchor a 1,500-acre development by locally based Estridge Co. along Towne Road between 146th and 161st streets.

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