JMC Group, an investment products marketing firm, has signed a definitive merger agreement with privately held USBA Holdings, which provides auditing and consulting services to community banks.

The merger requires approval from regulators and the stockholders of both companies, which are expected to decide on the deal by August.

San Diego-based JMC has struggled in recent years as the banks it served were either acquired or simply outgrew the need for its services. JMC announced its intent to merge with Atlanta-based USBA last April.

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