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2007-12-07

Business Hall of Fame announces five honorees

Five business leaders were named Thursday to be inducted into the Colorado Business Hall of Fame in February.
The Hall of Fame is a joint project of the Denver Metro Chamber of Commerce and Junior Achievement-Rocky Mountain Inc.
The inductees are:
Samuel Addoms, who retired in 2002 as CEO of Frontier Airlines and who previously worked with more than 15 early-stage companies.
Louis "Lou" Clinton Jr., a pilot who became the first dealer for Cessna aircraft. He also was key in establishing what's now Centennial Airport.
Harry Frampton III, a real estate developer, served as president of Vail Associates in the early 1980s. He is now developing properties in Vail and Beaver Creek and in California and Utah.
J.K. Mullen, who died in 1929, operated the largest flour mill in the state. During an economic panic in 1893, Mullen pushed the state toward agriculture as its economic base instead of mining.
William Vollbracht, who moved to Colorado in 1960, started Land Title Company of Colorado seven years later. Today the business is one of the largest privately owned title companies in the United States.
The induction ceremony will be from 6-9 p.m. Feb. 7 at the Denver Marriott City Center in downtown Denver.
credited by: bizjournals.com

First Financial moving HQ to Norwood

First Financial Bancorp will move its base from Hamilton to the Cornerstone at Norwood building near Rookwood Commons.
The bank already has several people at the location, which it opened in early 2006 as the base for its Cincinnati operations. The Hamilton bank hadn't made a significant push into Cincinnati and Hamilton County until then.
"This will allow us to get our core group together at one headquarters," CEO Claude Davis said. "People are spread out now."
First Financial (NASDAQ: FFBC) has most of its top executives at its Hamilton base, but others are in a Union Centre office in West Chester and at the Rookwood site.
The Rookwood location, located in Norwood near its border with Cincinnati, has fewer than 50 people now, but it will house 75 First Financial employees once the headquarters move is completed. That's expected by the end of the first quarter of 2008.
The move won't necessarily be permanent. The 25,000 square feet First Financial is leasing at Cornerstone can house up to 80 to 85 people. So as First Financial grows, it will need additional space. It will keep evaluating whether to eventually expand further at Cornerstone or relocate again, Davis said. That decision will likely be reached in the next two to three years.
The move also fits with First Financial's focus in recent years on growing in metropolitan areas. It's now aiming to grow in metro areas such as Cincinnati, Dayton, Northern Kentucky and the Indiana suburbs near Chicago.
Still, Davis said, First Financial isn't bailing out on Hamilton. Its bank subsidiary, First Financial Bank, will stay based in Hamilton. And the bank is renovating its Hamilton facility.
"Butler County is still our largest market," Davis said.
credited by: bizjournals.com