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A Money Fair with activities for the entire family will serve as northeast Indiana’s kickoff event for the statewide Money Smart Week, which will take place next month.
The educational effort designed to help improve money-management skills is sponsored by a number of area financial institutions and community organizations and promoted by the Federal Reserve Bank of Chicago.
The Money Fair is scheduled for 10 a.m. to 3 p.m. Oct. 10 at Abundant Life Church, 3301 Coliseum Blvd. E. in Fort Wayne.
Community Connections also will offer a presentation, “Don’t Let the Walls Foreclose in on You: Foreclosure Assistance,” from 10:30-11:30 a.m. and 1:30-2:30 p.m. Oct. 10 at its offices at 227 E. Washington Blvd.
In addition to refreshments, door prizes and informative exhibits, Money Fair will offer educational workshops and a panel discussion led by Indiana Secretary of State Todd Rokita about community resources available to help residents manage their money.
Participants in the panel discussion will include Fort Wayne Mayor Tom Henry, Jerry Peterson, chief executive officer for United Way of Allen County, and Jonathan Ray, director of the Fort Wayne Urban League.
The presentations will cover topics ranging from “Getting a Bank Account” and “Improving Your Money Management Skills” to “Stretching Your Dollar” and “Help with Applying for Indiana Unemployment Benefits and Food Stamps.”
In addition to Abundant Life, the city, county, secretary of state’s office, United Way and Urban League, area partners in the annual money management education effort include: Volunteer Center @ RSVP, Purdue University Cooperative Extension Service, Internal Revenue Service, Junior Achievement, Euell A. Wilson Center, Lake City Bank, Fort Wayne Housing Authority and Consumer Credit Counseling Service of Northeast Indiana.
Also included are: National City Bank, Wells Fargo Community Development/Social Responsibility Group, Hispanic Leadership Coalition of Northeast Indiana, Public Service Credit Union, Fifth Third Bank and Northeast Indiana Continuum of Care Coalition.
Salin Bank appoints community president
Salin Bank said its new community president for the Fort Wayne market has a track record of developing long-term banking relationships and working with clients to establish optimal capital structures and guide them through mergers, acquisitions and management succession plans.
Tim Miller, a banking industry veteran with more than a dozen years of commercial banking experience, was appointed to the position late last month. “Tim is the perfect choice for Salin Bank to serve the Fort Wayne business market,” said Bill Salin II, chief executive officer for the Indianapolis-based bank, in a statement. “He has the commercial banking experience needed to help local businesses thrive in the years ahead.”
Miller most recently worked at National City Bank, where he was a senior vice president and middle-market manager. He also had served as Fort Wayne group leader, supporting more than 40 middle-market clients with more than $100 million in loans.
Miller holds a master’s of business administration degree from Western Michigan University in Kalamazoo, Mich., and did his undergraduate work at Wittenberg University in Springfield, Ohio.
His community involvement includes work with Cancer Services of Northeast Indiana, Juvenile Diabetes Research Foundation, Autumn Ridge Homeowners Association and the Fort Wayne Philharmonic.
Doermer honored by United Way
The United Way of Allen County presented its Bill Latz Award for Leadership to Richard Doermer, a former Fort Wayne banker and longtime philanthropist.
The award is reserved for volunteers who have been major United Way donors for many years and have provided extraordinary leadership to the organization, including at least 20 years of service.
The award was presented during the group’s annual leadership reception at the home of Dick and Marni Waterfield by Julie Inskeep, a family friend and publisher of the Journal Gazette.
“Dick is a true community advocate,” she said in a statement. “He loves Fort Wayne and shows that in a myriad of ways. Luckily for us, he has chosen to work with the United Way for nearly 40 years.
Doermer is a graduate of Cornell University’s law school, the University of Notre Dame and South Side High School. He served the United Way as its board chair and campaign chair, and held leadership positions with a number of other community organizations, including the Greater Fort Wayne Chamber of Commerce.
He was chairman, president and chief executive officer of Summit Bank and its parent, Summcorp, then held those positions until retirement for the Fort Wayne area of NBD Bank after its parent, NBD Bancorp, bought Summcorp.
NBD Bancorp later combined with First Chicago Corp. to become First Chicago NBD, which was bought by Bank One, which eventually became part of JPMorgan Chase.
Fannie Mae in compliance for share listing on NYSE
Fannie Mae has regained compliance with the minimum price standard for continued listing of its stock on the New York Stock Exchange.
The government-sponsored company specializing in buying and securitizing mortgages was notified in November 2008 its stock price had fallen too low to satisfy NYSE standards for continued listing.
The average closing price for its stock had been below $1 per share for at least 30 days prior to the notification. But a temporary suspension of the minimum price listing requirement provided it with a “cure period” that would expire on Oct. 15.
Fannie Mae was notified Aug. 31 that its stock had regained compliance. The stock started the month closing at 58 cents per share, but closed at $1 or more during 13 days of August, reaching as high as $2.04 on Aug. 28.
The stock’s lowest closing price during the first half of September was $1.37.
If you have items for the banking and finance column, please contact Doug LeDuc by e-mail at
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, by phone at (260) 426-2640, ext. 309, or by mail at Greater Fort Wayne Business Weekly, 826 Ewing St., Fort Wayne, IN 46802.
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