Kokomo Tribune; Kokomo, Indiana

March 16, 2014

Business briefs, March 16, 2014

business briefs


Kokomo Tribune

---- — First Farmers declares dividend

First Farmers Financial Corp. (OTCQB:FFMR), the parent company of First Farmers Bank & Trust Co., announced Wednesday the Board of Directors approved a quarterly cash dividend for the first quarter of 2014 of $0.23 per share, payable April 15, to shareholders of record as of March 31. This quarterly dividend represents a 24.3% increase over the quarterly dividend declared in March 2013.

First Farmers Financial Corp is a $1.2 billion financial holding company headquartered in Converse, Ind. First Farmers Bank & Trust has 25 offices throughout Cass, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Johnson, Starke, Tipton, Vermillion, Vigo and Wabash counties in Indiana and 3 offices in Coles and Edgar counties in Illinois.

Logansport hospital enters partnership

Logansport Memorial Hospital has signed a partnership agreement with Franciscan St. Elizabeth Health and Franciscan Physician Network to provide cardiology services effective June 2 at Logansport Memorial Hospital. The new outpatient-based Cardiovascular Clinic will be staffed by board-certified physicians Bassel Artin, M.D.; Barry J. Karas, M.D. and Adel S. Yaacoub, M.D. The cardiologists specialize in the diagnosis, treatment and prevention of heart and vascular disease. The clinic will be open from 8 a.m. to 5 p.m. Monday to Friday.

David Ameen, president/CEO of Logansport Memorial Hospital, said, “We are pleased to offer expanded cardiovascular coverage and local access to full-time cardiology services. By offering these services at LMH, we are facilitating the continuity of care for our patients and working to ensure the coordination of care with our patients’ primary care providers. We are confident that Franciscan St. Elizabeth Health Heart Center with the Franciscan Physician Network is a good fit for our community and hospital. We are looking forward to the partnership.”

Haynes announces price increase

Haynes International, Inc. (Nasdaq:HAYN) a leading developer, manufacturer and marketer of technologically advanced high performance alloys, announced a price increase last week of 3 to 5 percent on all product forms effective immediately.

Company officials said the action was necessary to offset increases Haynes is experiencing in areas such as supplies, raw materials and utilities.