Calif. CUSO Acquires Large Insurance Agency

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Arrowhead Financial Group, the CUSO of Arrowhead Credit Union, has acquired Sawyer, Cook & Co., one of the largest insurance agencies in the Inland Empire. The acquisition of the Redlands, Calif.-based firm will boost AFG's insurance revenues to $45 million in annual revenues, and follows by seven months the CUSO's acquisition of CalBond Insurance Agency and Surety Services. Sawyer, Cook has 20 employees and more than 2,000 commercial accounts, which is its strength. Arrowhead Financial Group said as a result of the acquisition it will now divide its insurance services into two divisions, one for commercial lines, one for personal lines.

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