Terme Bancorp forms auto group, aims to invest in Midwest dealerships

Terme Bancorp, a holding company specializing in money services and consumer behavior initiatives, has entered the dealership business with the formation of Phoenix Auto Group and the purchase of a minority stake in a Ford dealership in Knox, Indiana. Terme plans to purchase stakes in dealerships throughout the Midwest said CEO John G. Yedinak. It will concentrate on major metropolitan areas in Indiana, Illinois, and Michigan.

http://www.marketwatch.com/story/terme-bancorp-forms-new-subsidiary-phoenix-auto-group-and-purchases-minority-interest-of-an-auto-dealership-in-knox-indiana-2014-06-09?reflink=MW_news_stmp