Big bank heading for sale?: Union Fed, parent firm mum as talk of mergers intensifies

Officials with the companies in Fort Wayne and here aren't saying one way or the other. "We have nothing to announce," said Alvin "Kit" Stolen, CEO of Union Federal since 2002. "We officially wouldn't comment or address those kinds of rumors or speculation." The privately held companies are among the largest financial firms headquartered in Indiana. Union Federal has more than $3.4 billion in assets and ranks as the city's third-largest bank. Waterfield ranked 51st nationwide in mortgage originations in...

 

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