Addison Avenue FCU Acquires SecuritiesFirm

Register now

PALO ALTO, Calif. - (01/27/06) -- Addison Avenue FCU announcedThursday it has agreed to acquire Essex National Securities, Inc.,an investment broker-dealer. Essex National, a wholly ownedsubsidiary of New York-based Essex Corp., will be incorporated intothe credit union giant's Addison Avenue Financial Partners CUSO asa stand-alone third-party broker-dealer. Essex National was foundedmore than 15 years ago and is based in Napa, Calif. Terms of thedeal were not disclosed.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER