School of Business and Economics | Indiana University South Bend

Dusthimer Receives
Armstrong Award
Elkhart businessman and civic leader Thomas L. Dusthimer was
presented with the Lewis S. Armstrong Award by Dean Rob Ducoffe
at the annual Armstrong Award dinner. The Armstrong Award recognizes
distinguished achievement, leadership and contributions to the
advancement of business and the quality of life in Elkhart County.
Dusthimer currently serves at a consultant and director for KeyBank.
He retired in 1992 as chairman and CEO of Ameritrust Indiana Corp.,
a $2.4 billion bank holding company. Ameritrust was acquired by Society
Corp., and now operates as KeyBank, an affiliate of KeyCorp, one
of the largest bank-holding companies in the nation.
Dusthimer also served as chairman and CEO of Ameritrust National
Bank of Elkhart, and is a member of Reserve City Bankers for Ameritrust
Corporation, Cleveland, Ohio. He is a graduate of IU Bloomington
and the Wisconsin School of Banking.
In addition to an exemplary career in banking, Dusthimer has been
an active civic leader in Elkhart. He currently serves on the board of
Wells Cargo Corp.; Elkhart General Hospital Foundation; Decorator
Industries in Miami, Fla.; Marion County Sheriff ’s Drill Team
Board; Sky Medical in Fort Lauderdale, Fla.; and the Indiana Gold
Foundation. His past directorships include Indiana Bankers Association,
United Way of Elkhart County, Big Brothers/Big Sisters, Junior
Achievement, WNIT Public Television, Greater Elkhart Chamber of
Commerce, and Elcona Country Club.
He was named “Sagamore of the Wabash” and “Man of the Year”
by the Black Expo, the American Heart Association and Junior
Achievement.
The Armstrong Award ceremony and dinner are graciously
underwritten each year by Art and Pat Decio.
Hammer Received Distinguished
business ALumni Award
F. James Hammer, president and CEO of Imagineering Finishing
Technologies, South Bend, received the Distinguished Business Alumni
Award at the annual spring Honors Luncheon. Hammer received
his bachelor’s of science degree in business from IU Bloomington and
his MBA from IU South Bend. He is a certified public accountant.
While attending IU Bloomington, Hammer was a member of the IU
Accounting Club and worked in a small public accounting firm. Despite
offers from a national CPA firm and a national paper company,
he decided to move to South Bend and work for his wife’s family firm,
Imagineering Enterprises.
Initially, he was a staff accountant. Over a decade, he was promoted
to controller, CFO, and president and CEO. He said his two IU
degrees, experience and professional education as a CPA all prepared
him to craft a financial plan to acquire the company. He also developed
a strategy to transform Imagineering into a worldwide source for
engineers and a leading metal finishing company. Imagineering is one
of the nation’s top metal finishing firms with an array of certifications
and accreditations.
Borg-Warner, Honda, Toyota, General Electric and Boeing are a few
of the companies that depend on Imagineering’s expertise. Under
the leadership of Hammer, Imagineering has achieved such diverse
opportunities as providing coating of components for NASA’s Space
Station, GE’s Aerospace Engine and Locomotive divisions and
Raytheon’s weapon systems used in the Gulf War.
Hammer is involved with numerous boards, clubs and organizations
including: Paul Harris Fellow with Rotary International; small business
advocate with the Institute of Management Accountants and a board
member of the St. Joseph Regional Medical Center Foundation. He is
on the board of advisors for the Center for the Homeless and the IU
South Bend School of Business and Economics.
1 2 | i u s o u t h b e n d s c h o o l o f b u s i n e s s & e c o n o m i c s | 2 0 0 6 a n n u a l r e v i e w