The new provider of retirement services to America's Community Bankers wants small banks and thrifts to use its 401(k) plan - and sell it to their small-business customers as well.

Diversified Investment Advisors, Purchase, N.Y., plans to peddle its wares to members through Shay Financial Services Co., a partner of the thrift trade group's investment services arm. The joint venture will be announced at the group's annual convention in Atlanta later this month.

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