INSIDE INDIANA BUSINESS: Old National grows again

2014-06-04T12:32:00Z INSIDE INDIANA BUSINESS: Old National grows againGerry Dick Inside Indiana Business nwitimes.com
June 04, 2014 12:32 pm  • 

Evansville-based Old National Bancorp has acquired another Indiana bank. The deal for LSB Financial Corp. in Lafayette is valued at nearly $67 million. The move continues a major expansion period for Old National, which includes the acquisitions of Michigan-based United Bancorp Inc. and Tower Financial Corp. in Fort Wayne. Chief Executive Officer Bob Jones tells Inside INdiana Business he still believes there is room for growth in Indiana.

Indiana Developer Plans Another Kentucky Project

Indianapolis-based Cityscape Residential LLC is moving forward with plans for a $40 million apartment complex in Louisville. The company says the 300-unit Axis Apartments will be built on the former site of a rail car processing facility. It will be the company's second development in the Louisville area.

Manufacturer Planning Improvements

Steuben County-based Triton Metals Products is planning to pump more than $2.3 million into new equipment. The manufacturer also intends to add a small number of workers to the 64 it already employs.

United Way Unveils 'The New U'

United Way of Central Indiana says it will move forward with a new strategy focusing on education, income, health and basic needs. Chief Executive Officer Ann Murtlow is detailing "The New U" this afternoon at the organization's annual meeting.

Tommy John to Speak at Commencement

A well-known Major League Baseball pitcher from the 1970s and 1980s will return to his hometown Sunday to deliver a high school commencement presentation. Tommy John will speak to the Terre Haute North Vigo High School Class of 2014 more than 50 years after he was denied the chance to give an address as Gerstmeyer High School's 1961 valedictorian.

Evansville Stations Part of $72M Deal

Financial terms of a sale involving a group of Evansville radio stations are emerging. A filing with the Federal Communications Commission says Wisconsin-based Midwest Communications Inc.'s deal for stations owned by South Central Communications Inc. in Evansville is valued at $72 million.

Pence Announces School Safety Grants

The state is pumping more than $9 million into more than 250 schools and school corporations to help with safety programs. Gov. Mike Pence has announced the second group of Indiana Secured School Safety grants.

State Selects Pre-K Program Finalists

The Indiana Family and Social Services Administration has named 18 counties as finalists for the state-funded pre-kindergarten pilot program. Five counties will be selected for the initiative that provides preschool funding to help families of low-income children.

Vectren Unveils Energy Efficiency Plan

Evansville-based Vectren Corp. has submitted its proposal for an energy efficiency initiative to replace the state's Energizing Indiana program. Merrillville-based Northern Indiana Public Service Co. and Indianapolis Power & Light Co. have announced similar plans.

Purdue Researchers Receive Funding

The Purdue Research Foundation's Trask Innovation Fund has awarded a total of nearly $150,000 to three projects. The funding will boost research involving weed management, veterinary medicine and skin cancer.

AT&T Details Improvements

AT&T Inc. is expanding its mobile Internet coverage throughout the state. The company's updated technology now includes Knightstown, Lapel and Whitestown.

For more Inside Indiana Business, visit www.insideindianabusiness.com.

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