JMC Group, the San Diego third-party marketing firm for banks, is pulling out of retail sales in banks, its main business.

The company has been losing money and hopes to revive itself in another form, perhaps through a merger with a private company that is interested in acquiring JMC's publicly traded status, company chairman James Mitchell said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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