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Business briefs

Wednesday, September 18, 2013 - 12:01 am

Ivy Tech to name New Venture winner

Ivy Tech Community College Northeast will name its third New Venture Competition winner Thursday.

The New Venture Competition awards $20,000 in startup capital to a student or alumnus/alumnae entrepreneur through contest sponsor JB Tool, Die & Engineering.

Three finalists were chosen from a 16-student summer semester class. The finalists and their businesses are Addie Fath, of Addie Fath Photography; Faith Maslonka, of Outdoor Gear Fitters; and Robert Bibbo, of American Combat Veteran Clothing.

New bank to break ground Wednesday

First Federal Bank of the Midwest will break ground Wednesday at 9909 Illinois Road, east of Scott Road. The new 4,000-square-foot facility will employ 10 full- and part-time staff. First Defiance Financial Corp., headquartered in Defiance, Ohio, is the holding company for First Federal Bank of the Midwest and First Insurance Group. First Federal is a community bank offering traditional banking services for residential and commercial customers.

First Federal operates 33 full-service branches and 42 ATM locations in northwest Ohio, southern Michigan and Fort Wayne. For more information about the bank, visit www.first-fedbanking.com.

MedPro expansion project complete

Medical Protective Company, a health care malpractice insurer, has completed an expansion to its Fort Wayne campus at the corner of St. Joe Center and Reed roads.

For 114 years, Fort Wayne has been home to MedPro, and today about half of its 500 employees are based here, according to a company news release. The company has added 50 jobs, with about a dozen still available. For more, see www.medpro.com.

The new space will be open to employees Friday. For the project, MedPro used local vendors, including Weigand Construction, Productive Business Interiors and Phillip Shirmeyer Inc.

–News-Sentinel staff reports