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Springfield, MO
Wells Fargo Bank, a subsidiary of Wells Fargo & Co. (NYSE: WFC), agreed to sell its retirement and trust business.
Des Moines, Iowa-based Principal Financial Group (NASDAQ: PFG) signed on to buy Institutional Retirement and Trust for $1.2 billion.
Institutional Retirement and Trust handles retirement plants, deferred compensation services, trust accounts and asset advisory.
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