Pharos-Tribune

January 19, 2014

BIZ BUZZ: Salin Bank donates Burlington building

Pulaski County videos now online.

by Sarah Einselen Pharos-Tribune
Pharos-Tribune

---- — BURLINGTON — Salin Bank donated its Burlington bank building to the Community Howard Regional Health Foundation Inc. last week.

The building, valued at more than $140,000, according to a release from Salin, was used as a banking center before the lobby closed last year. It’s about 3,752 square feet and is located at 401 N. Michigan Road.

It’s the second building in the area that Salin Bank has donated within the last year. The bank gave its Walton location to Southeastern School Corp. in September 2013 under similar conditions — that the Salin Bank sign remain out front and an ATM remain installed at the location.

The bank has donated other local buildings or lots in the past. The City of Logansport Economic Development Organization’s current location was donated to the organization in 2006, and the bank donated the space for the existing downtown farmers market lot in 2011.

When the bank announced last March that it planned to close its downtown Logansport branch lobby, a bank spokesperson indicated then that the bank may be donating that building, too, to an entity which would share it with Salin’s drive-up and walk-up windows and an ATM.

The CEO of Community Howard Regional Health, James P. Alender, indicated in a release that the health network intends to open a physician’s office in the Burlington building. Renovations are expected to begin later this year.

Salin Bank and Trust Co. now operates 21 banking center locations, including ones in Delphi, Flora, Galveston and Logansport, and has more than $750 million in assets.

PULASKI VIDEO MAKES ONLINE DEBUT

WINAMAC — Videos filmed last fall in businesses around Pulaski County have been released by the company and have started airing on Indiana public TV stations this month.

Pulaski County’s economic development organization last year allocated $10,000 toward producing “Peaceful Pulaski,” a half-hour segment of the public TV program Savor Indiana. A film crew spent three days in October visiting businesses in Pulaski County that may appeal to out-of-towners looking for an adventure.

Economic development director Nathan Origer hopes to turn it into a lucrative marketing tool.

“I expected it would turn out well, but I’m really surprised by just how good it is,” Origer said after seeing the compilation this week. “I’ve gotten nothing but positive feedback from people who’ve contacted me about it.”

“I’m not sure exactly what counts as going viral in Pulaski County, but I’m told it’s gone viral,” he added.

Origer said the segment began airing on PBS stations early this month. Exact airtime depends on each station.

The segment, broken up into short videos, is also available at the Savor Indiana website at http://bit.ly/K4oUuR

MAGPUL DECLINESINDIANA OFFER

DENVER, Colo. — Colorado-based gun parts manufacturer Magpul Industries Corp. decided to move out of its home state, but it won’t be taking up Logansport’s offer to move to Indiana.

State legislators representing Logansport and the surrounding areas invited the company to move to Indiana after it announced it’d consider leaving Colorado because of the state’s new firearm restrictions.

However, the Denver Business Journal reports the company has made plans to move its operations and most of its employees to Texas and Wyoming.

The chief economic development executive for Cheyenne, Wyo., indicated to The Associated Press that the area is offering Magpul up to $13 million in state grants and loans.

The company, founded in 1999, currently employs about 200 workers in Colorado. Most employees probably won’t opt to Texas or Wyoming to keep their jobs, a company spokesman told the Denver Post.

Sarah Einselen is news editor at the Pharos-Tribune. She can be reached at sarah.einselen@pharostribune.com or 574-732-5151. Twitter: @PharosSME