Fort Bend Federal Savings and Loan has expanded its investment offerings to include annuities from John Alden Life Insurance Co.
The Rosenberg, Tex.-based thrift's two full-service brokers began selling John Alden fixed annuities earlier this month, according to W. Hoagan Powell, a vice president and head of investment sales.
Fort Bend, with $500 million of assets, sells annuities, mutual funds and other investment products through a marketing arrangement with Minnesota-based Primevest Financial.
The thrift's two full-service brokers work out of five branches in and around the Houston area.
Mr. Powell said initial sales of John Alden annuities has been strong, though he declined to reveal any specific numbers. Fort Bend brokers also sell fixed and variable annuities from Allied Life Insurance Co., Lincoln National Life, and Massachusetts Financial Services.