Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Indiana-based bank to expand to St. Louis: Old National Bank, based in Evansville, Indiana, announced Monday that it will establish a full-service commercial banking presence in St. Louis.

The company hired David Wilsdorf, who has worked for Wells Fargo Commercial Banking in St. Louis since 2002, to lead the expansion as St. Louis region market president.

"This is similar to the way Old National entered the Lexington, Kentucky, market which has proven very successful," said President and COO Jim Sandgren in a press release.

Old National Bank's holding company, Old National Bancorp, has $20.1 billion in assets and locations in Indiana, Kentucky, Michigan, Minnesota and Wisconsin.

The company recently reported second quarterly net income of $63 million, up 43.1 percent from the same period one year before.

Target launching new food label: Target is launching a private food label next month as it attempts to energize grocery sales.

On Sept. 15, 650 products will appear on store shelves under the brand "Good & Gather." That will expand to 2,000 products by late next year.

The goods sold under the new brand range from pastas and meat to milk and eggs. Target said Monday that the products will not have artificial flavors, synthetic colors, artificial sweeteners or high fructose corn syrup.

Target will be phasing out its house food brands called Archer Farms and Simply Balanced and trimming its Market Pantry line. Target has been developing a slew of successful brands, including children's clothing label Cat & Jack and men's clothing brand Goodfellow & Co.

Union wins first step against Boeing: A federal official is making Boeing defend itself against charges that it illegally fired workers for supporting a union at its South Carolina assembly plant.

The regional director of the National Labor Relations Board ruled there's enough merit to send the cases to an administrative law judge. …

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