In an unusual marketing move, Glendale Federal Bank is introducing an account that will consolidate mortgage loans, brokerage accounts, and deposit accounts onto a single statement.

Designed in part to lure customers away from California's large commercial banks, the consolidated account, called the Family Financial Management Account, also will allow Glenfed to market deposit and brokerage accounts to its mortgage customers more effectively, officials of the thrift said.

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.