Hibernia National Bank, New Orleans, recently converted its last collective trust fund to a mutual fund structure.

Available since mid-July, the Tower Mid-Cap Equity Fund focuses on midsize companies with a stock value of $500 million to $10 billion. A minimum of $1,000 is required to invest, and subsequent purchases can be made for $100.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.