Arrivato to acquire INTRUST fund business

Arrivato Advisors LLC, a New York-based investment management firm,
has agreed to buy INTRUST Financial Services Inc., an investment
advisory business of INTRUST Bank, the companies said on Wednesday.

IFS is investment adviser to The American Independence Funds, a mutual
fund complex with more than $600 million in assets.

A spokeswoman for Wichita, Kansas-Based INTRUST said the transaction
is expected to close in the first quarter of 2006, pending regulatory
approvals.

Rod Pitts, executive vice president of INTRUST Wealth Management, said
the company will continue to operate a wealth management business with
$2.7 billion in managed assets.

He said INTRUST decided to exit a mutual fund business that had become
subject to intricate regulation.

Arrivato said that it will take the name American Independence
Financial Services upon the close of the transaction.

Terms of the transaction were not disclosed.

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