Summit National Bank in Atlanta, a subsidiary of Summit Bank Corp. there, has begun selling investment products in its branches through an agreement with Linsco/Private Ledger Corp.
San Diego-based Linsco is offering securities, mutual funds, annuities, and other insurance products.
"I see it as getting to my customers' other pocket," said Pin Pin Chau, president and chief executive officer of $250 million-asset Summit.
Investment products should be attractive to the small businesses that make up much of the bank's clientele, Ms. Chau said, and may prove popular with its international clients as well.
The first investment transaction, she said, involved a German client looking to buy stock in a Georgia company.
-- Amy L. Anderson