PASADENA, Calif. – Wescom Central CU, which has been closing branches and trimming its deposit base as its deals with large losses, announced a deal yesterday to sell the Commercial Lines and Life & Health books of business of its Wescom Insurance Services, LLC.
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The business was sold to Hub International Limited, a Chicago insurance broker. Terms of the deal were not disclosed.
This transaction will expand Hub California’s geographic footprint in Southern California by adding a strategic office in Downey, between other existing offices.
