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Pensco pulls off ‘game changer’ of an acquisition

Pensco Trust Co. is buying Lincoln Trust Co.'s IRA business. The deal, expected to close next month, will…

Pensco Trust Co. is buying Lincoln Trust Co.'s IRA business.

The deal, expected to close next month, will boost Pensco's individual retirement account assets to more than $10 billion, from $4 billion, the company said. The purchase will also increase its client base to 57,000 account holder

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