Indiana Trust and Investment Management Company

Indiana Trust & Investment Management Company

Indiana Trust & Investment Management Company Announces Growth Initiatives
April 11, 2006

Muncie, Ind. – Indiana Trust and Investment Management Company is pleased to report the continuing growth of the company and its plans to accommodate future growth.

In 2005, Indiana Trust & Investment Management Company reached $1 billion in personal trust and employee benefit assets. Since 2000, Indiana Trust & Investment Management Company has grown client assets under management from $580 million to today’s mark of $1 billion, a 42% increase.

In assessing how to best accommodate this growth, the company earlier announced the merger of its Anderson operations with the Muncie office. With the renovation of the Muncie office completed, the offices combined their operation the week of February 6.

“We are confident that our newly combined offices will allow us to deliver our trust and investment management services in a client-friendly and comfortable environment with expanded portfolio management, estate planning and trust administration knowledge due to a larger staff,” says Ted Jarvis, Senior Vice President and location manager.

To assist the growth, Indiana Trust is planning a multi-year expansion of its professional staff in all areas including client account administration and portfolio management.

Most recently, Rob Santoni has joined the Muncie office as a portfolio manager. Rob is a graduate of Butler University with a bachelor’s degree in finance. He has experience as a credit analyst and is a native of Muncie.

In addition to Santoni, Judy Weicht and Amy Phelen are additions to the Mishawaka office. Weicht joined the company as an investment officer and Phelen joined as a trust officer.

Indiana’s oldest and largest independent trust company, Indiana Trust and Investment Management Company is an employee owned company chartered under Indiana banking statutes. Indiana Trust and Investment Management Company is a single-purpose financial institution dedicated to providing trust and investment management services to individuals, retirement plans and not-for-profit organizations. Indiana Trust and Investment Management Company maintains offices in Mishawaka and Muncie.