IBNK Very good news in april:
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Integra Announces Definitive Agreement to Sell Integra Wealth Management & Trust Division to Old National Bank
Apr. 11, 2011 (GlobeNewswire) --
Integra Wealth Management & Trust clients will immediately be serviced by Old National Wealth Management experts
EVANSVILLE, Ind., April 11, 2011 (GLOBE NEWSWIRE) -- Integra Bank Corporation (Nasdaq:IBNK), parent company of Integra Bank N.A., today announced the execution of a definitive agreement with Old National Bancorp whereby Old National will acquire Integra Wealth Management and Trust, a division of Integra Bank. As a result of a Servicing Agreement between the two companies, Old National Wealth Management client advisors will immediately begin servicing Integra Wealth Management and Trust clients. The clients will have full access to Old National's investment and trust experts.
This acquisition is subject to regulatory approval and satisfaction of customary closing conditions and is anticipated to close by July 1, 2011.
"Though disappointed to divest our wealth management and trust business, we believe this represents the best solution for our clients to ensure they continue to receive exceptional service and investment advice," said Integra Bank Corporation Chairman & CEO Mike Alley. "The Servicing Agreement will allow a smooth and timely transition as our two teams work together," Alley added.
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