A small Indiana thrift is entering the brokerage business.

First Federal Savings Bank, a three-branch operation with $212 million of assets, will introduce brokerage services this quarter, said James R. Landrum, a vice president.

Mr. Landrum will also be one of the two brokers with series 7 licenses at the new subsidiary, Northeast Indiana Financial.

The brokerage will sell investment products including stocks, bonds, annuities, and mutual funds, Mr. Landrum said. It will clear through Vestax Securities Corp., a brokerage in Hudson, Ohio.

First Federal, based in Huntington, is a subsidiary of Northeast Indiana Bancorp.

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