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MONEY MATTERS: "We look for ways to invest money that might be of value to our members," says Ed Eberhart, chairman of the Armed Forces Benefit Association. "We have a lot of capital tied up in the bank and now we need it to fuel our insurance business."

Four-Star General Leads Military Bank to Rare Management Buyout

The Armed Forces Benefit Association plans to sell its bank to local management. While insurers have been fleeing the industry due to regulation, the group says it is getting out because its membership's use of the bank is falling and it would rather use the capital to expand its life insurance business.

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