Collateral Protection Provider Buys California Firm
State National Companies, a provider of collateral protection insurance programs, said it has acquired the assets of Finegold Insurance Agency, a firm that provides services to credit unions.
The Bedford, Texas-based SNC said Finegold Insurance has been one of its partners for more than 11 years and the company's agent for collateral protection insurance in California. Because Finegold Insurance had represented SNC exclusively for collateral protection insurance, the acquisition process will be transparent to the two companies' mutual customers, according to SNC.
Finegold Insurance, which is based in San Francisco, had serviced more than 100 CUs in California.