Business

By Muncie-Delaware County Economic Development Alliance— Muncie, IN—Global packaging manufacturer CANPACK announced today it will build its second U.S.-based, state-of-the-art aluminum beverage can body manufacturing plant in Muncie, creating over time approximately 345 high-paying, local jobs by 2023. The proposed project, which represents a $380 million investment in Delaware County and the State of Indiana with the potential to expand to 425 jobs and $490 million by 2025, will be located on 139 acres of land on the southwest corner…

By U.S. Air Force Tech Sgt. Josh Weaver— Muncie, IN—One weekend a month, three weeks a year, and ready to deploy at a moment’s notice. That’s what Citizen Airmen do part time, but full time we live and work locally in communities around the world.In order to serve, Airmen need support from civilian employers. Employers like Joe Wrin, Franchise Owner of Home Instead, whose support of his employees who serve in the Indiana Guard and Reserve has earned him the…

By Autumn Gasior— Transformational project brings housing, commercial space, and investment to downtown Yorktown, IN – Construction is officially underway on The Oliver in downtown Yorktown. Town officials, Rebar Development, and project partners broke ground on the $6 million mixed-use project adjacent to the new Civic Green late Friday afternoon. An important part of the Town of Yorktown’s Downtown Redevelopment Plan, The Oliver brings housing as well as retail, office, and restaurant space to the area. “When we first started these…

By Melissa Jones—  Muncie, IN— Intersection, a full-service marketing and branding agency in downtown Muncie, recently earned three top awards at the 2021 Hermes Creative Awards. The Hermes Creative Awards is an international competition administered and judged by the Association of Marketing and Communication Professionals; the competition recognizes outstanding work by creative professionals in the traditional and emerging media industry. “AMCP judges are industry professionals who look for companies and individuals whose talent exceeds a high standard of excellence and…

By MVB via Facebook— Muncie, IN—The Delaware County Convention and Tourism Commission announced at its monthly meeting today that Jim Mansfield, Executive Director of the Muncie visitors Bureau, is retiring from his position effective April 30, 2021. Mansfield began his service to the Muncie visitors Bureau as a commission member for ten years prior to assuming the leadership position as the Executive Director in 2001. When asked to share his thoughts, Mansfield said, “I have been fortunate to have served…

By Northwest Bancshares— Warren, Pennsylvania—Northwest Bancshares, Inc. (the “Company”) (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2021 of $40.2 million, or $0.32 per diluted share.  This represents an increase of $32.3 million compared to the same quarter last year when net income was $7.9 million, or $0.07 per diluted share.  The annualized returns on average shareholders’ equity and average assets for the quarter ended March 31, 2021 were 10.61% and 1.17% compared to 2.37% and 0.30% for the…

By First Merchants— Muncie, IN—First Merchants Corporation (NASDAQ – FRME) has reported first quarter 2021 net income of $49.5 million compared to $34.3 million during the same period in 2020.  Earnings per share for the period totaled $.91 per share compared to the first quarter of 2020 result of $.62 per share, an increase of $.29, or 47 percent. Total assets equaled $14.6 billion as of quarter-end and loans totaled $9.3 billion.  The Corporation’s loan portfolio increased by $711 million,…

By Mike Rhodes, Editor-in-Chief— Muncie IN—Earning the respect and trust of their customers has been a priority for Sidney Electric since their inception in 1953. By performing accurate, on-time work with the care and concern you’d receive from a friend, they have built their business on a solid foundation of relationships that continue to stand the test of time. And since they can boast nearly 70 years of knowledge in their field, they can also promise customers a degree and…

By First Merchants— Companies execute legal close following regulatory approvals Indianapolis, IN – First Merchants Corporation (NASDAQ: FRME) and Hoosier Trust Company have finalized a merger of the two companies, following regulatory approvals. The merger provides enhanced solutions available to current Hoosier Trust clients and solidifies First Merchants as a preeminent provider of fiduciary and wealth management services in central Indiana. Established in 2001, Hoosier Trust Company built a highly respected trust and investment management practice serving clients in central…