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photoThe Employees of Indiana Trust Company met with other volunteers on Saturday, October 18, 2014 in downtown Muncie, IN to help beautify our community and pick up trash and litter. Muncie Clean and Beautiful sponsors the effort each month to build pride in the community and clean one of Muncie's most historic and unique areas. Pictured are Rob Santoni, Lavone Whitmer, Brad LaTour, Archie Spangler, and Marty Hillery (and his wife, Rose).

standdown600Veterans were honored and aided by the Michiana Military Stand Down held in South Bend in September. Because of the vast difficulty that many veterans face when tours-of-duty are over, these events have been popping up all over the country in an effort to help.  While geared toward homeless vets in particular, all veterans were welcomed and thanked for their service.  Colonel Kent Laudeman, Director of the Robert Miller Sr. Veteran’s Center, helped to organize this wonderful event.  Many organizations were there to represent veteran service agencies as well as various employment agencies.  Veterans were also given donations of free food, clothing, hygiene products and even health related services such as haircuts and health screenings. “I am just truly impressed with the service people that have come together to make this day the first day for this stand down,” said Laudeman.

Indiana Trust employees were on hand to help the event run smoothly.  From setting up tables, organizing and handing out donations, helping with paperwork, all the way to helping clean up, the Indiana Trust family was there to be of service.   Not only did our tireless employees help with the various events of the day, Indiana Trust also gave a donation to help with on going outreach.  “Our service men and women give their all to keep our country safe.  This is just one of the many things we can do to help thank them,” said Amy Jordan.  Many thanks to Debbie Klosowski, Jon-Michael Plennert, Nikki Anderson, Tina Patton, and Amy Jordan for all their energy and kindness put in to making this event such a success.

Third Quarter Market Review

The Markets

Volatility returned to equities markets in Q3. A strong August was followed by losses in September, when any rallies began to focus around selected winners rather than benefitting stocks across the board. Investors exhibited a decided preference for large caps; the S&P 500 closed above 2,000 for the first time ever and the Dow industrials also set new all-time highs. The Nasdaq returned to a level it hadn't seen since March 2000 and regained the lead for 2014. However, the Russell 2000, which has struggled for most of the year, fell deeper into negative territory year-to-date, while the Global Dow suffered from political conflicts abroad and concerns about global growth.

Bond investors continued to demonstrate surprising resilience. In early September, the yield on the benchmark 10-year Treasury fell to 2.35%--a level it hadn't seen in more than a year--as prices rose. However, as the Federal Reserve continued to taper its economic support and ramped up discussion of how and when to increase rates, demand began to taper off (though geopolitical anxieties and a strengthening dollar kept the decline in check). Gold, which started the quarter at roughly $1,320, ended below $1,220. It was hurt in part by a stronger U.S. dollar, which by the end of the quarter had hit its highest level against the euro in almost two years. Dollar strength coupled with weaker global demand also meant lower oil prices; a barrel fell from $107 a barrel to roughly $93 during the quarter, a level it hasn't seen since January.

Click on the link below to read the full story.

Quarterly Market Review July - September 2014

 

 

latour01BRADLEY S. LATOUR, Vice President at Indiana Trust Company, has been elected to the Friends of the David Owsley Museum of Art Executive Committee at Ball State University. “I’ll witness the vision of the museum’s new director unfold,” said Brad.  “It’s an exciting time to be involved with the university.”

whitmer01Athena Nominees Announced Lavone Whitmer, Vice President and Portfolio Manager located in our Muncie office has been nominated for the 2014 ATHENA Leadership Award.  The award, presented locally by Women In Business Unlimited, honors   individuals who strive toward the highest levels of personal and professional accomplishment, who excel in their chosen field, devote time and energy to their community in a meaningful way, and forge paths of leadership for other women to follow.

In addition to her contributions to Indiana Trust, Lavone serves as president of the local YWCA board and is involved in many other organizations and projects that benefit women and citizens of her community, including Altrusa International, A Better Way, and the CFA Society.

 

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