Greater Fort Wayne Business Weekly - Sept 13, 2013

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Business Weekly GREATER

FORT WAYNE

SEPTEMBER 13-19, 2013

Daily updates at www.fwbusiness.com

LOCAL NEWS

Hot dog! Business caters to growing demand for food carts, trucks

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Relationship banking Compatible cultures laid groundwork for Old National acquisition of Tower Financial

RYAN SCHNURR

Eric Spricer started his food-truck business, Spicer’s, in June.

A LA TRUCK Mobile businesses bring the food to you BY LINDA LIPP llipp@kpcmedia.com

PHOTO COURTESY OF JANE SNOW

Tower Financial Corp.’s lobby in the former Lincoln National Bank building features a series of murals by painter Glenn Shaw.

BY DOUG LEDUC

RELATED STORIES

dleduc@kpcmedia.com

Within two years of entering the Fort Wayne market through its 2003 acquisition of Insurance and Risk Management, Old Jones National Bancorp began courting Tower Financial Corp. with an eye toward establishing a major banking presence in the community. Bob Jones, president and chief executive officer of Evansville-based Old

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INSIDE

Vol. 9 Issue 37

Q Law firms say they’re watching merger. Page 3 Q First Tower CEO says Old National is a good fit. Page 5 Q Analyst: Expect competition for business to increase. Page 24 National, and Michael Cahill, president and CEO of Fort Wayne-based Tower, announced Sept. 10 they expect that will take place during the first quarter of 2014. Old National will add to its $9.6 billion in assets, 2,800 employees

Local news .................... 3-7 BizView .............................. 8 Real estate...................... 11 Personal Business ... 12-13 Health Care Awards . 15-16 Top List............................ 20 BizLeads..................... 22-24

and 176 branches Tower’s nearly $680.9 million in assets, 165 employees and seven banking centers, including six in Fort Wayne and one in Warsaw. Tower has an additional $523.3 Cahill million in trust assets under management. “It’s really been a long courtship, to be honest. Mike and I have known each other for over eight years. I go back n

See TOWER on PAGE 24

If you “like” Fort Wayne’s booming food truck business, thank Facebook and Twitter. “Social media just drives our industry,” said Jim Garigen, owner of Jumby’s Joint food truck and founder of the Fort Wayne Food Truck Association. “Without it we would be nowhere.” n

See TRUCK on PAGE 26

HE’S GOT SOL

Jerry Perez started the Getaway Grill because he wanted to offer people something different and great. So he bought a food cart and set up in downtown Fort Wayne to see what would happen. A year and a half later he’s got a loyal following and a full-on food truck — the Sol Kitchen — on the way. Watch the video at INFortWayne.com.

PERSONAL BUSINESS

SPECIAL SECTION

A good fit

Making a difference

Intimates business offers comfort to women

Read how the winners are working to improve health care in the region

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PAGES 15-18


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