With the decision to focus its resources on core banking services, Coast Capital Savings Credit Union said it has reached an agreement to sell its insurance subsidiary to Western Financial Group.
The $14.6 billion British Columbia credit union said it will sell its Coast Capital Insurance Services Ltd to Western, which has more than 120 offices and approximately 1,600 employees and is a subsidiary of Desjardins Group, Canada's largest cooperative.
The deal is expected to close in July.
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