Business Services Industry
Bank Merger Could Broaden Investment Choices of Indiana's College Savings Plan.
Knight Ridder/Tribune Business News, January, 2004
By Chris O'Malley, The Indianapolis Star Knight Ridder/Tribune Business News
Jan. 18--Bank One's plan to merge with New York-based J.P. Morgan Chase could broaden the investment choices available through Indiana's college savings plan, a state official says.
But it could be months before it's known precisely how the merger will affect One Group, a Columbus, Ohio-based arm of Bank One that is in the second year of a five-year contract to manage the Indiana College Choice 529 Investment Plan.
The $200 million plan is named for the federal tax code that makes earnings tax- exempt.
No contract changes with One Group are expected at this point, although the contract could be assigned to a new owner, Indiana Treasurer Tim Berry...
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