PMA Financial Network Completes Acquisition of Miles Capital
Naperville, Ill. – March 31, 2020- PMA, a premier full-service provider of comprehensive financial and advisory services to municipalities, school districts, other local government entities and insurance companies, announced today that it has acquired substantially all of the assets of Miles Capital, Inc. (“Miles Capital”) from Founder and principal owner David Miles and other employee owners and investors.
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In PMA’s Winter 2020 Market Outlook, we summarized banking industry data conducted in 2019. Our goal was to identify bank data providing the strongest leading indicators of a recession.
FEATURED MARKET DATA
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A record 6.6 million workers applied for unemployment benefits in the week of March 22-28, a level nearly 10 times greater than the peak level of claims reported in 2009 during the Great Recession.