Kentucky Bioprocessing has been awarded $17.9 million from the U.S. Department of Defense to develop a proof-of-concept platform capable of yielding a purified vaccine using a whole plant-based process. Kentucky Bioprocessing was one of more than 25 companies to bid on the project. The work is expected to be completed by March 2011.
First Security Bank of Owensboro Inc., a wholly owned subsidiary of First Security Inc., has agreed to purchase eight banking offices of Integra Bank. The banking offices include five located in Bowling Green and Franklin, Ky., and single offices located in Paoli, Mitchell and Bedford, Ind. As part of the transaction, First Security will assume approximately $188.2 million of deposit liabilities and acquire $74.8 million of branch-related loans, as well as $38.4 million of additional commercial real estate, $2 million of other commercial and $56.9 million of indirect consumer loans. Total assets for First Security will approximate $430 million upon completion of the merger. The acquisition gives First Security a total of four offices in Indiana and seven in Kentucky.