Business

By Tracy Warner— FORT WAYNE, Ind. – Indiana Michigan Power (I&M), an American Electric Power (Nasdaq: AEP) company, has filed with the Indiana Utility Regulatory Commission (IURC) a rate settlement agreement that will reduce base rates for Hoosier residential customers while enhancing reliability. Under the settlement, I&M will reduce its base rates for Indiana residential customers by about 5% over two phases, with a slight decrease of about 1% in May 2022 and an additional, larger decrease in January 2023….

By Katy Maggart— MUNCIE, Ind.—In an age of complex environmental challenges, why not look to the ingenuity of nature for solutions? The forms, patterns, and processes found in the natural world—refined by 3.8 billion years of evolution—can inspire our design of everything from clothing to skyscrapers. This approach to innovation, called biomimicry, is becoming increasingly popular. Nature’s Blueprints: Biomimicry in Art and Design opens Saturday, November 13 at Minnetrista. The exhibition Nature’s Blueprints: Biomimicry in Art and Design brings together art…

By Rachel Combs— YORKTOWN, Ind.— Fate Style Studio will hold a Holiday Open House and official ribbon cutting ceremony on Saturday, November 13th from 10 am to 6 pm. Located in downtown Yorktown, Fate Style Studio will have a unique array of women’s and junior’s fashions, accessories, gifts and holiday specials. The Yorktown Chamber of Commerce will be hosting the ribbon cutting ceremony at 10 am. Fate Style Studio is a locally owned clothing boutique that opened its doors on July…

By Mike Rhodes, Editor-in-Chief— MUNCIE, Ind.—Yesterday MuncieJournal.com had the opportunity to get a private look at the apartments inside the new White Water Loft apartments. Below you will find photographs of the one bedroom and 2 bedroom apartments that are available for lease. Today, November 4th, there will be a  ribbon cutting ceremony at 4:00 p.m and from 4-8 p.m. you will be able to tour the development/apartments yourself and inquire about leasing options. A number of apartments have already…

By Muncie-Delaware County Chamber of Commerce— MUNCIE, Ind.—The City of Muncie is pleased to announce the ribbon cutting ceremony for the White River Lofts project on Thursday, November 4th at 4:00 p.m. at the White River Lofts. The event runs until 8:00 that night and will include opportunities to tour the apartments and to inquire about leasing options. Located at 400 West Washington Street, the new development features 55 luxury apartments, and 2,000 square feet of commercial space. Amenities include:…

By First Merchants— MUNCIE, Ind.—First Merchants Corporation (NASDAQ – FRME) has reported third quarter 2021 net income of $52.8 million compared to $36.2 million during the same period in 2020, an increase of 45.7 percent. Earnings per share for the period totaled $.98 per share compared to the third quarter of 2020 result of $.67 per share. Year-to-date net income totaled $157.8 millioncompared to $103.5 million during the nine months ended September 30, 2020, an increase of 52.5 percent. Year-to-date earnings…

By Northwest Bancshares— WARREN, Pennsylvania—Northwest Bancshares, Inc. (the “Company”) (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2021 of $35.1 million, or $0.27 per diluted share.  This represents a decrease of $3.0 million, or 7.9%, compared to the same quarter last year, when net income was $38.1 million, or $0.30 per diluted share.  The annualized returns on average shareholders’ equity and average assets for the quarter ended September 30, 2021 were 8.86% and 0.97% compared to 9.82% and 1.09%…

By Indiana Michigan Power— FORT WAYNE, Ind. – While this has been a warm fall, winter and colder temperatures will be here before we know it. In fact, this winter is predicted to be colder across the country compared to last year, which could mean higher heating bills. Now is the time for customers to prepare their home or business for the colder weather. Indiana Michigan Power (I&M) is Powering the Next Energy Saving Idea during National Energy Awareness Month…

By First Merchants— 20-year veteran to strengthen security and protection efforts for multiple stakeholders MUNCIE, Ind. – First Merchants Corporation (NASDAQ – FRME) announced Chad Kimball as its new senior vice president and chief risk officer. He will be responsible for the Bank’s enterprise risk management program that supports First Merchants’ strategies. Along with overseeing the company’s governance and strategy for risk management and compliance, including relationships with key regulators and supervisory institutions, he will work to ensure multiple stakeholders remain…