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The year 2017 was eventful, to say the least.  President Trump and Congress tried, without success, to repeal the Affordable Care Act, known as Obamacare.  However, the new year-end tax law included the elimination of the individual health insurance mandate.  The U.S. economy started slowly but picked up steam as the year progressed.  Ten years after its onset, the financial crisis officially came to an end in 2017.  The gross domestic product expanded at an annual rate of 3.2% in the third quarter.  The unemployment rate fell from 4.7% to 4.1%, while upwards of 2 million new jobs were added.  The Federal Reserve, based on the strength of the economy and labor market, began to roll back its stimulus program and raised interest rates three times during the year.  The stock market reached several historic highs in 2017.  Consumer income rose and purchases increased, but inflation remained stubbornly below 2.0%.  Business investment expanded in 2017 and is expected to surge in 2018.  The year ended with the passage of sweeping tax reform legislation.
 
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Annual Market Review

John Seidl 2009

Having devoted over 35 years to providing investment management and advisory services to his Clients, John will be retiring as of December 31, 2017.  As an integral part of the Indiana Trust team for the past 20 years, we are indebted to John for his vision and commitment.  His leadership, particularly during the past 12 years as President and CEO, has contributed to our success into the future.  We, alongside our Clients, have been privileged to share John's friendship through his heartfelt contributions to Indiana Trust Company.
 
John will continue to remain active wtih community-based civic and business organizations, including the South Bend Rotary Club and Foundation, Notre Dame Club of St. Joseph Valley Scholarship Trust, and the Board of Directors of the South Bend Symphony.
 
We wish John and his wife, Kathy, all the best as they enjoy retirement in their new home.  Congratulations John on an impactful career, and thank you for all you have done for your Clients and for Indiana Trust!

Indiana Trust employees and guests gathered at Ball State's Emens Auditorium on November 14 for a holiday production of Elf:  The Musical.

Elf

Elf1

client reception 2017

Indiana Trust Company clients, partners and friends gathered at the Beiger Mansion in Mishawaka on November 15th for our annual client reception.  It was an enjoyable evening, reminiscing with friends, old and new and learning about our interesting venue.  Thanks to all who joined us and for this wonderful occasion.  Our success would not be possible without your loyalty and support.

holiday closing notice website