Business

Marketplace: GABC announces executive management additions

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German American Bancorp Inc., and its bank subsidiary, German American Bank, have announced additions to the executive management team.

Old National Bank settles allegations of redlining against Black Indy residents

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INDIANAPOLIS — Evansville-based Old National Bank has settled allegations of redlining against Black residents in Indianapolis, agreeing to originate more than $27 million in loans to qualified Black applicants and contributing more than $3 million to create programs to help Black home seekers secure mortgages and to invest in majority-Black neighborhoods.

Forman named to Executive Council

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Troy James Forman, branch manager/financial adviser, Investment Management Consultant RJFS, 2635 Foxpointe Drive, Suite B, was recently named a member of the 2021 Raymond James Executive II Council. This marks the sixth consecutive year that Forman has qualified for this recognition.

Year-end tax planning conducted in uncertain times

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Psychologically, year-end 2021 tax- and estate-planning efforts are being influenced by proposed tax law changes, the lingering pandemic, the threat of inflation and general economic uncertainty.

Sophia’s opening new locations

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INDIANAPOLIS - Indianapolis-based Sophia’s Bridal & Tux, which has a location in Columbus, is expanding with a new store in Indianapolis and its first location outside of Indiana. Their newest store will be located alongside The Fashion Mall at Keystone in The Shops at River Crossing. Louisville will be the home to their first store outside of Indiana.

Cummins authorizes $2 billion share repurchase program

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Cummins Inc. has announced that its board of directors has authorized the company to repurchase up to $2 billion of its own shares in what local analysts said was a sign that Columbus’ largest employer is generating a lot of cash and finds its stock attractive.

TMH names new leader

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Toyota Material Handling announced that Jeff Rufener, president and CEO, will retire at the end of the month.

What is causing supply chain disruptions?

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Editor’s note: This is the first in a series of columns for The Republic’s business section from local IUPUC Division of Business instructors.

Hurst is the new Institute for Workforce Excellence director

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INDIANAPOLIS — Todd Hurst is the new executive director for the Institute for Workforce Excellence, an affiliate program of the Indiana Chamber of Commerce.

MAKING A MOVE: Walgreens, VillageMD make health clinic push

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INDIANAPOLIS — Paul Martino is on the prowl to buy hundreds of primary care medical practices, and he has more than $5 billion in his pocket to make it happen.