First Indiana Bank announced that FirstTrust Indiana, its investment...

First Indiana Bank announced that FirstTrust Indiana, its investment advisory and trust division, has acquired Prime Capital Management, effective April 30. The terms were not disclosed. Prime Capital’s founder and president, Leland E. Tanner, will join FirstTrust as an executive vice president. Prime Capital has $550 million in assets. FirstTrust Indiana began operations Nov. 12 and received trust powers Dec. 31. It has $900 million in assets under management.