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.
Susan Orr
Articles
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.
Winter storm contributes to 1Q loss for Calumet Specialty Products
Calumet said Winter Storm Uri, which brought snow and record cold across the U.S. in February, hurt production at the company’s Gulf Coast refineries during the quarter. The first-quarter losses push the company’s total losses since 2014 above $1 billion.
Pie Kitchen to enter Indy market with new concept in multiple locations
A Louisville, Kentucky-based restaurant chain known for its house-made desserts is entering the Indianapolis market, with Homemade Ice Cream & Bakery Cafe locations set to open within months in both Zionsville and Noblesville.
Hamilton Town Center multiplex to reopen as luxury theater
Michigan-based Emagine said it expects to reopen the Noblesville theater this summer. The theater’s previous operator filed for bankruptcy last year.
Veteran franchisees bringing Dave’s Hot Chicken chain to Indy
A Fort Wayne-based franchise group that operates 45 Pizza Hut locations, including some in Hamilton and Boone counties, has signed a deal to open 15 Dave’s Hot Chicken locations in Indiana. Most are expected to be in the Indy-area market.
With pups and personal service, Trust Hardware invests in brick and mortar
The company’s three stores are open 24/7. Each has a resident dog. You can also pick up everything from power tools to local honey to live bait. What you can’t do, at least for now, is order online.
Banks use PPP loans to find new customers, offer other services
In helping borrowers secure vital funding that helped them weather the pandemic, banks say the PPP program has helped them build relationships that could lead to a lot of new business.
First Internet Bank beefs up small-business lending division with new hires
Fishers-based First Internet Bank began assembling its Small Business Administration lending division in late 2018.
Governor signs controversial wetlands bill into law
The bill, which scales back protections on Indiana wetlands, had gained support from the Indiana Builders Association, but numerous environmental, conservation and civic groups opposed it.
Indianapolis-based Castle Wealth Advisors acquired by Kansas firm
Castle President and CEO Gary Pittsford, who founded his business in 1973, said the deal will allow the firm to continue to grow, and give it access to a much larger pool of experts and services.
Allison Transmission raises sales forecast amid ongoing pandemic recovery
The Indianapolis-based manufacturer said it expects 2021 net sales to range from $2.33 billion to $2.48 billion. That’s an improvement from the guidance the company issued in February.