Albuquerque Journal (Albuquerque, NM)

Bank Acquires Insurance Firm.(Business)

AROUND NEW MEXICO

SANTA FE The financial holding company for First National Bank of Santa Fe has acquired ownership of one of Santa Fe's oldest insurance agencies, the Kelly Agency.

A spokesman for the state agency that regulates insurance agencies said the First National Bank and Kelly Agency transaction is the first of its kind in New Mexico since a federal bank deregulation bill took effect last year. …

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