NORTH HAVEN, Conn. – Connex CU said its Connex Insurance Services CUSO has acquired CPM Insurance Services, a Cheshire, Conn., provider of personal and business insurance products.
“The new partnership is a part of the Connex’s strategic process of expanding services into property and casualty insurance,” said John Edwards, president of the $375-million credit union, formerly New Haven Telephone Employees CU.
The Connex CUSO was formed in 2010.
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The acquisition of the $5.7 billion-asset HarborOne Bancorp would be Eastern's third purchase of a Boston-area bank in the last five years.
Ranjana Clark is the newest member of Texas Capital Bancshares' board of directors; Minnesota's Wings Credit Union and Colorado's Ent Credit Union are merging; Regions Bank adds Angela Santone to its C-suite; and more in this week's banking news roundup.
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