JMC Group, a beleaguered investment marketing firm, has signed a letter of intent to merge with a company that provides auditing and consulting services to community banks.

The San Diego-based firm, which manages bank brokerage programs, has offered an undisclosed amount of newly issued stock to USBA Holdings Ltd., a privately held company in Atlanta.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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