An Indianapolis investment banker who helped orchestrate more than 100 bank mergers—far more than anyone else in the state—is retiring and moving to Colorado.
John Reed, 72, had the foresight to move from the East Coast to Indiana in 1985—just as a change in state law unleashed a tidal wave of deals. The passage of Senate Bill 1 by the General Assembly that spring allowed statewide branching and multibank holding companies for the first time—clearing the way for Hoosier banks to aggressively expand or cash out at rich prices.
“It was a landslide. There were gazillions of these things happening,” Reed said.
“We all agree that was the most fun we ever had,” he said of the cadre of investment bankers, attorneys and accountants who worked on the early deals. “We were as busy as could be and were just having a ball.”
Reed started his career on Wall Street, working first for Bache & Co. and then Chase Manhattan Bank. He joined New Jersey-based Ryan Beck & Co. in 1976 and became president of Ryan Beck & Co./Midstates when he moved to Indiana.
In 1991, Reed joined locally based David A. Noyes & Co., where he was president of its investment banking group. In 2014, he joined locally based City Securities Corp., where he was senior vice president.
Reed and his wife of 49 years, Marcia, are moving to Colorado to be closer to family. They have two daughters, one in Colorado and one in California, and five grandchildren.