A division of Indiana's Old National Bancorp is collaborating with American United Life Insurance Co. to help the insurer provide 401(k) plans.

Last month, $313 million-asset Merchants National Bank of Terre Haute started providing trust services for American United, an Indianapolis-based insurer. While handling trust administration for 401(k) accounts, the bank said it hopes to gain experience in the lucrative market of retirement planning before diving into the business itself.

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