Kokomo Tribune; Kokomo, Indiana

Local News

September 1, 2013

Business briefs, Sept. 1, 2013

Blume named Community First president

Mike Stegall, president and CEO of Community First Bank of Indiana, announced Robb Blume, currently executive vice president and chief credit officer, will assume the position of president of the bank. Stegall will retain the position of chief executive officer.

“Robb has been with Community First Bank since its inception and has been instrumental in helping us grow from a dream to one of the largest banks in Howard County in just 10 short years,” said Stegall.

“The board of directors is confident in Robb’s ability to continue the momentum the bank has achieved and [to] continue to grow the value of the shareholder’s investment,” said Bill Hingst, chairman of the board.

Robb is a graduate of Butler University, has more than 27 years of banking experience and recently graduated from the Graduate School of Banking at Colorado. He has been involved in numerous community organizations through the years and currently serves on the board of directors of the United Way of Howard County. He is married to Kathi and has three daughters.

Community First Bank received its charter in 2003 and celebrates its 10th anniversary this year. The core of the bank’s mission is to focus on making the community a better place to live and conduct business. The bank has three locations in Kokomo and maintains total assets of approximately $175 million.

GMCH wins Energy Star award

Kokomo’s General Motors’ Components Holding (GMCH) plant is one of 63 facilities to meet a voluntary energy-reduction challenge set by the U.S. Environmental Protection Agency, cutting its energy intensity by 24 percent in less than two years to meet the EPA’s Energy Star Challenge for Industry, GMCH officials announced this week.

To meet the challenge, manufacturing facilities need to reduce energy used per unit of production by at least 10 percent within five years. According to the company, GMCH Kokomo’s operation avoided sending 31,646 tons of carbon dioxide into the atmosphere — the equivalent of electricity use by 4,737 U.S. homes annually.

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