Banker’s $27M estate to benefit colleges-WEB ONLY

Two Indiana universities and a child-services agency are set to benefit from a $27 million estate left by banking executive Arthur Hodson.

Indiana Wesleyan University in Marion, Taylor University in Upland and White’s Residential and Family Services in Wabash will receive a majority of the estate, Indiana Wesleyan announced today.

The exact distribution of the gift will be revealed April 29 on the steps of Star Financial Bank in Upland, where Hodson began his banking career in 1950.

Hodson, who died July 14, 2007, at age 94, also is leaving gifts for the Upland United Methodist Church and the Upland Friends Church.

The 1936 Purdue University graduate was an executive at the Upland Bank, which later became Star Financial Bank, for 27 years, serving in several positions, including president and chairman.

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