PASADENA, Calif. - (01/18/06) -- Wescom CU said it has acquired afour-story, 117,523 square-foot office building in nearby Anaheimwhere it plans to open an administration center. The $2.5 billioncredit union plans to employ 300 people, and as many as 500 downthe road, at the site, which will be used for auto, consumer andmortgage lending and to provide some back-up for disaster recovery.It will also house the credit union's insurance services, and atelephone call center. Wescom paid $17.4 million for thebuilding.
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Sen. Elizabeth Warren sent a request for information to the National Association of Insurance Commissioners about state regulators' efforts to address private equity ownership of life insurance companies.
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