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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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