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Collective trust funds or Collective Investment Trusts (CITs) are a legal trust administered by a bank or trust company that combines assets for multiple investors who meet specific requirements set forth in the fund’s declaration of trust. [1] Typically, a collective trust pools assets from corporate and governmental profit sharing, pension ...

In 1965, it acquired Meadow Brook Bank for $106.7 million in stock. [1] In 1969, CIT entered the personal and home equity loan and leasing business and left auto financing. In 1979, restrictive banking rules forced CIT to sell its bank, National Bank of North America. CIT was acquired by RCA Corporation in 1980.

Edward Jones Investments. Edward D. Jones & Co., L.P., (since 1995, d.b.a. Edward Jones Investments ), simplified as Edward Jones, [4] is a financial services firm headquartered in St. Louis, Missouri, United States. It serves investment clients in the U.S. and Canada, through its branch network of more than 15,000 locations [5] and 19,000 ...

Management expects revenue wll grow at a compound annual rate of about 6% between now and 2023, when it should hit $14 billion, and they expect free cash flow to nearly double to $1 billion by that...