The Federal Home Loan Bank of Cincinnati has approved Western-Southern Life Assurance Co. for membership.
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Western-Southern, a subsidiary of Western and Southern Financial Group of Cincinnati, is the 10th insurance company to join the Home Loan bank. The insurer's parent had $40 billion of assets owned and under management as of Sept. 30.
The membership, announced Tuesday, gives Western-Southern access the Home Loan bank's financial products.
The Home Loan bank has $79.9 billion of assets and 739 member financial institutions in Kentucky, Ohio, and Tennessee.
More than 125 insurance companies are members of the Federal Home Loan Bank System.
