Tourism enriches Dearborn area

        Visitors last year spent $562.5 million at Argosy Casino & Hotel and other Dearborn County tourist attractions.

        A study commissioned by the Dearborn County Convention, Visitor & Tourism Bureau also said the county's tourism industry created 3,496 jobs and $62.3 million in wages. That generated $196 million in tax revenues, including $77.9 million to the state of Indiana and $43.5 million in local taxes, the study showed.

        Argosy, which employed about 2,200, had the largest economic impact with more than $520 million in spending.

        The Dearborn bureau last commissioned an economic study in 1998, so direct comparisons to a year ago weren't available. But the study said tourist spending increased at an average annual rate of 9.6 percent over two years.
       

Fee income adds to Camco earnings

        Higher fee income and lower expenses helped the parent of Westwood Homestead Savings Bank in Cincinnati to ring up a 9 percent gain in third-quarter earnings.

        Camco Financial Corp. made $2.35 million, or 33 cents a share, up from $2.15 million, or 31 cents a share, a year ago. Camco's fee income rose $147,000 and non-interest expense fell $212,000.

        Camco expects to complete its acquisition of Columbia Federal Savings Bank of Fort Mitchell this year.

        Based in Cambridge, Ohio, Camco has assets of $1 billion.
       

Cardinal buys factory in N.C.

        Dublin, Ohio-based Cardinal Health Inc., the second-biggest U.S. drug wholesaler, Wednesday said it bought a manufacturing plant from drug maker Schering-Plough Corp. to expand production of freeze-dried and liquid drug formulations.

        Financial terms weren't disclosed. The 75,000-square-foot plant is in Raleigh, N.C.

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