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Empower acquired the heritage SunTrust 401(k) recordkeeping business, which includes approximately 300 retirement plans consisting of more than 73,000 plan participants and $5 billion in plan assets. On September 29, 2020, Empower announced that it would acquire the retirement plan recordkeeping business of Fifth Third Bank.
INB Financial Corporation was an Indianapolis -based statewide bank holding company that was the largest Indiana -based financial institution at the time it was acquired by Michigan -based NBD Bancorp in 1992. Its primary subsidiary was the Indianapolis -based INB National Bank, formerly the Indiana National Bank, which can trace its origins to ...
Ally Financial Inc. (previously known as GMAC) is a bank holding company organized in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan.The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.
Empowerment zone. Within United States federal legislation, an empowerment zone is an economically distressed community eligible to receive tax incentives and grants from the United States federal government under the Empowerment Zones and Enterprise Communities Act of 1993. [1]
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Banking. From the mid-1950s through the late 1980s, American Fletcher National Bank (AFNB), Indiana National Bank (later known as INB Financial Corporation), and Merchants National Corporation were among the three largest banks in the city. Through the 1990s and 2000s, a series of acquisitions claimed the three Indianapolis-based companies.
The Indiana Business Research Center [1] (IBRC), established in 1925, is a research unit in the Kelley School of Business at Indiana University. [2] The IBRC provides and interprets economic information for the state’s business, government and nonprofit organizations, as well as users of such information throughout the nation.
London Life is a 140-year-old business currently serving 2 million Canadians. Operates under the banners Great-West, Freedom 55 (savings, investments, retirement, insurance and mortgages), Quadrus Investment Services Ltd. (mutual funds), London Reinsurance Group (international business). Irish Life, acquired in 2013 for €1.3 Billion; References
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