Meridian Bancorp has added three funds to its proprietary mutual fund family, the Conestoga Funds.
The Reading, Pa.-based banking company has added an international equity fund and balanced and short-term income funds. The fund family manages more than $1.4 billion of assets; it has 11 funds with the additions.
"This broadened range of investment choices brings greater diversification to our 401(k) product line," said Peter M. Welber, executive vice president of Meridian Asset Management, the banking company's money management subsidiary based in Valley Forge, Pa.
Meridian Asset Management is investment adviser to the funds. The minimum investment for all Conestoga funds is $1,000.