You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Column: Russia sows discord in wheat market
    Wheat prices rose to the highest level in three weeks, with September wheat touching $5.62 per bushel on Friday. Longer-term, even with a worsening conflict in Eastern Europe, many analysts expect the global supply to be ample, which could prevent a
  • Tire factory to hire 60 workers
    BFGoodrich Tire Manufacturing is beefing up its Woodburn workforce. The company is working with WorkOne Northeast to fill up to 60 production positions.
  • Denny’s pops the cork on its first Manhattan diner
    Denny’s is popping the cork on its first Manhattan location.
Advertisement

1st Source quarterly earnings up 15%

1st Source Corp. on Thursday reported third-quarter earnings of $14.9 million, or 60 cents per diluted common share, a 15 percent increase from the $13 million, or 53 cents a share, posted for the same three months of 2012.

The South Bend-based parent of 1st Source Bank has given some struggling borrowers the opportunity to get back on their feet before paying off troubled loans, Chairman Christopher Murphy said. The company’s financial strength allows it to be patient, he said.

“During the quarter we recovered $2.07 million in interest payments and expense recoveries from clients we have been working with for as long as 10 or more years as they restored their businesses to strong operating positions,” Murphy said in a statement.

sslater@jg.net

Advertisement