First of America Corp., Kalamazoo, Mich., has joined the small but growing cadre of banking companies that sell their mutual funds through outside brokers.

In the summer, First of America tapped a seasoned mutual fund sales specialist to get brokerage firms in four southern states - Georgia, Florida, Arkansas, and Alabama - to sell the bank's Parkstone funds to their clients.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.